OfflineComparatively, the competition is slim to score great deals with PROBATE real estate. Yet, most people seem to avoid probate like the plague.
Dean says that he avoided probates too, for awhile, but admits that he was wrong to overlook this area of investing.
In actuality, it's a great service to perform the due diligence -- as a bird dog -- and step forward to provide estates with solutions. It's where I am personally starting.
(Bird dog today, Investor Tomorrow ...)
If you are already buying probates, or are an investor who is open to exploring a whole different frontier and doing a probate deal together -- my ducks are now in a row. If so, send me a PM.
Thanks!
__________________
Thanks for all the great posts. I found a lot of good information here and will be implementing that into my efforts. Appreciate the straight up info!
All the Best in Life!
Scott
*
Hey Sherri,
On your opening post for this thread one of the last lines is "Send me a PM". That may be why so many people keep doing that.
"You're never too old to be what you were meant to be!"
www.deangraziosi.com/real-estate-forums/investing-journals/59128/day-for...
"Shining Like a Star & Dancing on Sunshine"
"Shoot for the moon! Even if you fall short, you'll still land among the stars!"
*
I'm curious as to why all the posts from Grazi2Graziosi show up in the thread as blank? Sounds like there was good information these posts but I can't see any of it.
Tony
Sherri,
What happened???? You had given us such great info! I wonder if there is any way to get it back?
Karen
"You're never too old to be what you were meant to be!"
www.deangraziosi.com/real-estate-forums/investing-journals/59128/day-for...
"Shining Like a Star & Dancing on Sunshine"
"Shoot for the moon! Even if you fall short, you'll still land among the stars!"
Have been absent for awhile..working on my new challenge Set For Life program
while searching for Probate Notices and getting to the Library and Courthouse So thought I would catch up this am with your wonderfuly informative Posts on Probate!! What happened??? See blank pages only from you..now I know that's not possible...I have a problem using my computer..You Don't Your Posts encouraged a great many people to explore this avenue of Income from newbies like me to Superstars like laura johnson..and I hope this problem can be corrected..and soon..DGFamily posts re their experiences both positive and
the bumps along the way which prove to be invaluable learning experiences (e.g.Jason B.post above..Thanks Jason!!} I'll be looking forward to seeing your words of wisdom back soon, Sherri...your sharing heart is equally apparent as is your sense of humor!
I am planning on doing an assignment with my first probate property. Once I get the property under contract and pass it on to my buyer, is it up to me to have the closing all lined up? Is this where a title company comes in, and if so how do I go about getting one lined up? Does just calling them work? Thanks in advance for the help.....
Today is a new day.
I will not let it pass without acting in some way ...
To advance my Real Estate Investor goals and grow ...
So that I can change my life, and the lives of those I know.
In Jesus' name...
I was in another town today - 'bout 35 miles from home - and say a house with a FSBO sign in front. It was obvious no one was in it (good sign) so I called one of 3 numbers listed.
Here's the deal - I talked to a family member who said the house had belonged to his mother and she had passed away and the house was to be sold and the $$ divided among the 4 kids - he was 1 of the 4.
The price was a bit high for now -- but he did say they might come down some.
No, I didn't make an offer on the spot, but I did find out who the "main" one was that I needed to talk to to get more info. on the house itself (the brother really didn't know much about it).
So...just from a FSBO house I found a house that needs to be sold due to a death of the owner.
Cool!
And, G2G....see? I joined the "chat"!
Mike
Hey, Sherri...if you're out there...COME BAAAAAAAAAAACK!
Update on the scenario I quoted above....dropped by this house again one day last week and actually made an appointment to go inside the house and take a look. Didn't let the guy know I had talked to him on the phone before so it was as if I knew nothing. They were still asking the same price ($40,000) but, again, he said they might come down some. More information was that the house has been empty for about 3 years (another good sign!). I gave him my card and told him what I did and that I had to have some "wiggle room" for profit myself and that, if they were interested in talking it over, to give me a call.
Well, today I got a call from THE sister telling me that they really needed to sell the house and be done with it. After explaining the situation to her as I had with her brother (assignment) I told her that I could only offer her $20,000 to which she said, "I'll talk to my other family members, but I think they'll agree."
HELLO? Wow!!!
She said it may be Monday before she calls me back, but I have hopes that they'll say "yes" and that I can find an end buyer quickly.
All of this from simply calling the number on a FSBO property.
"Make it an AWESOME day! (Who else is going to do it for you?)" - Mike Spillman
"As long as there is breath there is hope!" - Mike Spillman
Was thinking about you ...
Didn't know you'd even written this here at the PROBATES forum.
Shoot me an e-mail, gave you my private address in the PM (ten minutes ago) ...
Thanks for the welcome back !!!
All is well.
~ S
Welcome back to the site! Have enjoyed our PMs. Just now sending you one on the REO strategy you requested.
Once again, glad to see you back on here. the good guys won!
Michael Mangham
MD Home Acquisitions LLC
http://www.mdhomeacquisitions.com Sellers site
http://www.mdhacq.com Sellers site
http://www.mdhomea.com Sellers site
http://www.mdhomeacquisitionsbargainhouses.com Buyers site
http://www.mdhomeacquisitionshousehunter.com Bird dog, door knocker site
Knowledge is power, but execution trumps knowledge. Tony Robbins
http://www.mdhomeacquisitions.com Seller site
http://www.mdhomeacquisitionsbargainhouses.com Buyer site
http://www.mdhomeacquisitionshousehunter.com Bird Dog Site
http://www.mdlodeals.com Tenant/Buyer site
Without a doubt, the good guys out number the rest here.
Thanks for the e-mails. Grrrrrrrreat stuff. I see why you are succeeding !!!
As you explore PROBATES in the very near future, please keep us all posted.
I look forward to your critique (privately) of the strategy I shared earlier.
Appreciate you!
And that's an amusing new pic
~ S
FYI: I will be trying to get into this **** REI GROUP **** this month !!!
I've been locked out since I began it (a "tech" glitch of some sort, I think.)
Folks ... please go join the PROBATE related conversation there too, which has
luckily been ongoing without me as its moderator.
~ Sherri
I just met a guy at the local REIA club that works with the city in the probate dept. He has just showed me how to access the county records as well as the local legal paper and where and how to find probate deals.
I was wondering if any of you that are involved in probates has a specif letter that you send to these individuals offering to purchase these properties?
Any help would be appreciated.
gene.
"It's not what happens to you that determines how far you will go in life,
it is how you handle what happens to you.
Zig Zigler
I usually break the ice with a short, hand-written, note ... sent to the Personal
Representative of the estate. I express my condolence for the loss -- and I
share that I can help with expediting the estate out of probate. I include my
business card (which shares my website address, and explains everything) and ask
them to hold onto it until they are ready. If needed, I follow-up later with a call
(which seems less intrusive, I think, after the ice-breaker) or a more traditional
business letter. Pick and choose from these suggestions, if anything seems like
your particular style.
Good luck !
~ S
Hi Sherrie,
Just like the others, all your posts came back blank, don't know what happened,so i thought it must have been some kind a computer glitches.
Anyways, welcome back & thanks a lot !
carmen
Talked earlier on this thread about canceling a probate deal because none of our buyers were interested in the area for the price we had it for. So we cancelled the contract with the attorney.
Well the attorney called us a week after that and asked what would be a better price for us to purchase it at. We told them $12k. We orginally had it on contract for $17k and planned on selling it for around $21k.
So we got it under contract again, sent it out to list of buyers and had one locked in for the price of $16k. Then it took forever for the attorney to close on the deal because he was to busy running for office. So 2 months later it actually closed which is today 12/13/10.
We made $4k in assignment fees to be split 2 ways. So $2k for each of us. Just in time for Christmas!! Waiting to close sucked since I am super impatient but it was worth it.
All the best,
Jason B
You Can Have and Be Anything you Want!!
Jason Bly (The RE_Situation)
Visit Me at http://www.facebook.com/JasonBly23
Blog- http://wholesalesuperstar.blogspot.com/
Push Button Yellow Letter Software- http://www.yellowlettergenerator.com
My how to take Discount Vacations Blog- http://www.advisorytravel.net
What a good twist!
Merry Christmas!
Karen
"You're never too old to be what you were meant to be!"
www.deangraziosi.com/real-estate-forums/investing-journals/59128/day-for...
"Shining Like a Star & Dancing on Sunshine"
"Shoot for the moon! Even if you fall short, you'll still land among the stars!"
This seems like it was a really good topic but all the information is blank with just a * in each box from Grasi2Grasiosi? How do we get it back?
Barbara
I was in another town today - 'bout 35 miles from home - and say a house with a FSBO sign in front. It was obvious no one was in it (good sign) so I called one of 3 numbers listed.
Here's the deal - I talked to a family member who said the house had belonged to his mother and she had passed away and the house was to be sold and the $$ divided among the 4 kids - he was 1 of the 4.
The price was a bit high for now -- but he did say they might come down some.
No, I didn't make an offer on the spot, but I did find out who the "main" one was that I needed to talk to to get more info. on the house itself (the brother really didn't know much about it).
So...just from a FSBO house I found a house that needs to be sold due to a death of the owner.
Cool!
And, G2G....see? I joined the "chat"!
Mike
Hey, Sherri...if you're out there...COME BAAAAAAAAAAACK!
Update on the scenario I quoted above....dropped by this house again one day last week and actually made an appointment to go inside the house and take a look. Didn't let the guy know I had talked to him on the phone before so it was as if I knew nothing. They were still asking the same price ($40,000) but, again, he said they might come down some. More information was that the house has been empty for about 3 years (another good sign!). I gave him my card and told him what I did and that I had to have some "wiggle room" for profit myself and that, if they were interested in talking it over, to give me a call.
Well, today I got a call from THE sister telling me that they really needed to sell the house and be done with it. After explaining the situation to her as I had with her brother (assignment) I told her that I could only offer her $20,000 to which she said, "I'll talk to my other family members, but I think they'll agree."
HELLO? Wow!!!
She said it may be Monday before she calls me back, but I have hopes that they'll say "yes" and that I can find an end buyer quickly.
All of this from simply calling the number on a FSBO property.
Hi Mike,
Curious to know how this one turned out for you. I looked at a property this morning in a similar situation at the same price, except this building was used as office space rather than a home.
Thanks,
Ryan
Sunset Real Estate Investments Inc.
I was curious what is the best way to find the address of the real property that was left behind... I have no problem finding the address if there is a will, but sometimes there isnt one.
Also Sometimes its listed in the deed of distribution ( available to me online )
Is there another specific document I should be looking at that always lists this information?
Thanks In Advance
- Stephen
After reading every remaining post on here I gleaned a lot of invaluable info on here and one of the most valuable was your last post. Just wanted to say thank you for all of this. I hope to get all of the info that is missing from here somehow later. I will keep up on this thread as we go forward, so please stay with us here. I am dedicated to doing this as part of my REI and I am going through with this idea now. I look forward to learning so much more as we go. THANK YOU.
CHP Investments Inc.
Power Packed Investments
James Cook & Tawnya Pete We are creating a future one deal at a time in the footprint of those who have gone before us by learning daily and taking bold action on what we know works by there example and success.
[favorite quote] The execution of an idea is always more important than the brilliance of a thought; transforming learning into behavior. author unknown.
hi there I represent a group of rei group in michigan is looking for great deals hopefully to flip.......... for the right price...
were in Michigan metro area
thanks jimmy.
p.s were looking for a good hard money lender were having a very hard time finding one
I remember dean was saying he was looking for a hardmoney lender for every one.....
if you know of one please let me know that would work in the michigan area...