probate home: HOW TO AVOID 10% DEPOSITS WITH CALIFORNIA PROBATE REAL ESTATE - 09/06/11 12:01 PM
I have been receiving messages from agents and investors in regard to the 10% deposit required when you make an offer on a probate property. I have covered this a few times in the past but it's a good topic and really worth taking the time to understand. This will help you do more deals and not tie up money with large deposits so check it out.
In California, the old probate law requires a buyer to place a 10% (of offer price) deposit up when they submit their offer. So if we are making a $250K offer on … (0 comments)
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probate home: AVOID 10% DEPOSITS WHEN BUYING A PROBATE HOME - 06/02/11 09:59 AM
In my Probate Real Estate business, during the 90's when we where buying and flipping probate homes I soon realized if I didn't control the 10% deposit rule that I would have thousands of dollars out on probates I was trying to buy and sooner or later I would not be able to make any more offers. I had to find a way.
What I found was the I.A.E.A (Independent Administrations of Estate Act) did not require a 10% deposit. In the early days I just placed $1000 up while I was doing my "due diligence" which allowed me to make … (0 comments)
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probate home: TIP: Probate Real Notice of Proposed Action... - 03/14/11 12:23 PM
In my Probate Real Estate business I buy and sell probates for investors (flip) and also represented landlords looking for rental properties to hold Plus end user, move in buyers who want a home for their family. This has been a great wealth of business for me over the last 23 years. The Probate Home Niche is something every Investor and RE Agents should know about.
TIP: NOTICE OF PROPOSED ACTION: CALIFORNIA
When we purchase a Probate out of the court system (I.A.E.A) we are going to have to provide a few things for the title company to insure … (1 comments)
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probate home: Gary D will be Interviewed Tonight Online....FREE...Learn Probate Real Estate (Agents and Investors) - 03/08/11 10:29 AM
Active Rain members have had the chance to purchase my Probate Real Estate course over the last year plus and many have taken advantage of my special offers. I am thrilled so many more are learning this fantastic real estate niche and learning how to add Six Figures to their investor or Agent real estate business.
TONIGHT! I am being interviewed by Bruce Rio's on his Ultimate Real Estate System Internet Show and I welcome any one interested to tune in and check it out. Here is a direct link to his information and about the course.
www.theultimaterealestateformula.com … (0 comments)
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probate home: Probate Real Estate Tips for Agents and Investors - 02/23/11 12:41 AM
In my Probate Real Estate business I have learned a few key things over the last 23 years....
1. Contact the estate the first week the file is open by the estate attorney
2. Approach the petitioner/executor from a position of offering to help rather than buy or list
3. If you are an investor offer to joint venture if they are selling (a different pitch)
4. If you are an agent tell them you will provide fix up for the property for a higher retail sale price.
5. Offer the attorney and executor free property management during the probate and listing.
… (2 comments)
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probate home: FINDING CASH BUYERS AND DOUBLE END - 02/12/11 10:45 AM
In my Probate Real Estate business I will match up CASH BUYERS with estates and double end the deal. The Estate moves the house quick, the investor receives a good price (usually 10-20% discount) and I receive a 4-6% commission.
Unlike Investors who want to flip and need a bigger discount, I single out the investors who want to buy and hold to hedge against there retirement fund losses of the last few years. They buy Cash and have the rent as their monthly cash flow and are waiting out the current downturn RE market to rebound. This … (0 comments)
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probate home: FLIPPING PROBATES for RE Agents - 02/11/11 01:53 PM
When I look at a Probate Real Estate deal I will figure out what I can pay for the property, close then flip and what the profit is going to be. If it's less than $40K I will pass on it and just broker the Probate Home as I can earn 6% on the property which in my average price range is $18K and I'm done. I buy with partners so my end to purchase and flip would be $20K plus a commission so maybe $25K BUT I have to be responsible for the after close management, fix up if we … (0 comments)
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probate home: PROBATE REAL ESTATE--AFTER THE FOLLOW UP PHONE CALL - 12/28/10 02:03 PM
If you plan on being successful with Probate Real Estate you are going to have to build the foundation of a relationship with the petitioner/executor and you start this process on the initial phone call. Remember we call on those probate files which have real estate within 3 days from the letter of inquiry going out. We call, we don't wait for them to respond to our letter as this will mean a difference of 8 to 15 good leads going to an appt rather than 1 to 3. Calling is so important working Probates. Remember about 70% of the … (0 comments)
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probate home: AGENT!--PROBATE REAL ESTATE--9 HOMES ALL OFF THE MLS--WILL DOUBLE END MOST - 12/27/10 11:49 AM
I have been blogging about my Probate Real Estate business for close to a year now and many have taken advantage to learn this Great! Six Figure Opportunity. REMINDER: my course normally $495 is only $99 this month with Full Student Status. Many have grabbed it and you have 5 more days at this price. If you want to become a Probate Agent or Investor and work Probates this is a 80% discount deal for you......
PROBATE:
For 23 years I have used the I.A.E.A as the tool to purchase probates, take them out of the court confirmation process, purchase wholesale then … (0 comments)
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probate home: Let's Get Started for 2011 Probate Real Estate Success - 12/14/10 07:38 PM
Ok, well I just released my Xmas Discount Special and I'm happy to report my phone has been ringing off the hook. It appears many of you wanted my 23 year Probate Real Estate system but you just could not afford $495. Now with my $99 Xmas Price for my complete probate course many of you are taking advantage.
I hate to state the same thing over but spending $495 for some knowledge which can bring you back $5000 just as a bird dog fee in 30 days, or a $12,000 agent commission for placing a buyer and estate seller together … (0 comments)
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probate home: GUESS WHAT A BROKER OWNER TOLD ME? - 11/29/10 12:42 PM
Ok, back from the Thanksgiving Holiday and I took some great Family time off and I'm well rested. I'm fired up for 2011 to roll in and another Six Figure Year to begin. I have been blogging about my probate real estate business which helps both investors and real estate agents earn Six Figures with Probate Homes and many have taken advantage. I still think every agent should have this information and especially Broker owners who can use this probate niche to recruit agents.
So, I just placed a date on my first probate seminar in almost 5 … (0 comments)
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probate home: The Independent Administration of Estate Act-----The key! - 11/09/10 11:39 AM
In my Probate Real Estate business I am educating heirs about using the I.A.E.A which is the best way for them to sell the Estate home. There are several reasons for this. Here are some of the reasons when selling a probate home to use the I.A.E.A...
1. Less costs (Estate and Attorney Fee's)
2. Short time (sell and close within 30 to 45 days instead of 3 to 4 months)
3. Attract 100% of the Buyers Pie instead of just Investors looking for a wholesale purchase
4. No 10% deposit for a buyer to place just to make an offer
5. No … (0 comments)
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probate home: Probate Real Estate Success - 10/25/10 12:46 PM
I really enjoy receiving letters for my probate students when they have success with my system. I recently just received a message from one of my ReMax Agents from the East Coast who purchased my course about 2 months ago and is on his 3rd probate listing already. This is fantastic! and I hope it interest you real estate agents out there to check out Probate Real Estate and what being an Probate Agent can do for your business.
This is not rocket science nor is it only for investors who want to wholesale, flip or hold. My Probate course has … (0 comments)
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probate home: HOW TO WORK WITH ESTATE ATTORNEY FOR PROBATE BUSINESS (HOMES) - 10/20/10 12:59 PM
In my Probate Real Estate business of the past 23 years what I found out about working with estate attorneys for more business is this: "OFFER TO TAKE SOME WORK LOAD OFF OF THEM" Per my attorney who is a full time real estate investor now when I posted this question he said this will help me. So in my marketing I offer to do things for the attorneys estate business.
1. Free CMA's 2. Property Management (Free) 3. Fix Up Work (My discounted contractors)
I take this approach as a probate agent in expectation of receiving some of the attorneys … (1 comments)
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probate home: PROBATE REAL ESTATE: HOW TO STAY OUT OF COURT - 10/11/10 12:31 PM
In my Probate Real Estate system I use a 1987 Law (I.A.E.A) which allows me to bypass 90% of the court red tape, not go to court, no 10% deposit, no "As Is" purchase, No court Appraisal, close in 30 days and most important No Court Confirmation. As a Probate Agent these are all important issues which can Earn you $Six Figures if you know what you are doing.
I have been semi teaching my Probate Home system over the last 23 years but in 2010 I have moved more into the Educational side of Real Estate and I want to share … (0 comments)
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probate home: Probate Real Estate: The Mindset of Your Offer - 10/06/10 01:01 PM
In my Probate Real Estate Business I have learned over the last 23 years that if I go in and hit the Estate with my 70% of LTV or less offer right at the start I will loose 95% of the time and hurt my chances of at least receiving a listing. My mindset going in is to EARN from the probate, offer great service to the estate, and either buy it to flip, double end it with a sale or at the minimum list the probate home.
If I have done my job write and follow my system. I usually … (0 comments)
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probate home: PROBATE REAL ESTATE-EXECUTOR FEE POSSIBLE EVEN IN A SHORT SALE - 09/30/10 12:34 PM
Wow, you learn everyday and what I found out last year (2009) when I completed my first Probate Short Sale was this is another avenue of business in my Probate Real Estate system. For 23 years years I have had 5 levels of earning opportunity with probate homes...
(1)Wholesale purchase then flip for ($25k to $50K profits)
(2)Broker to end user buyer and double end the sale (4-6% com)
(3) Take the probate home listing after developing a relationship with the Excutor (3% com)
(4) Over bid at court confirmation sales for investor or end user clients (3-6% com and Flip … (1 comments)
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probate home: How I Structure a Probate Purchase to a Commission - 09/24/10 11:55 AM
In my Probate Real Estate System I have been matching estate sellers (heirs) with buyers and mostly under the radar of other agents and investors. I have been doing this for 23 years and it has been a golden goose for my real estate business. My GaryDTeam is a top producer, I earn Six figures (Yes even during the last 3.5 yrs of this current down market) and I owe it all to Probate Homes. I don't understand why more agents aren't taking the time to learn this niche.
When I make an offer to an estate I'm coming in wholesale … (1 comments)
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probate home: WHAT IS THIS PROBATE REAL ESTATE OPPORTUNITY YOU ARE MISSING - 09/02/10 11:19 AM
Imagine working a market (Probate Real Estate) as an agent where you know of a property which is going to be sold, at possibly a discount, and you are the only agent working it. You have no listing, no buyer but you end up with a double commission (4-6%) and a win win situation for the seller, the buyer and yourself.Tis is my world of being a Probate Agent and I'm now sharing it. What about being an investor and buying then flipping this probate home without competition!
If you did one of these per month which is conservative, and at … (0 comments)
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probate home: Probate Over Bids - 07/27/10 09:39 AM
Probate Real Estate offers many opportunities which many agents (95%) really never pursue. As a probate agent I have many avenues to earn commissions (agent) and profits (as a principle) and for 23 years have enjoyed this real estate niche. I am spreading the word now to help more agents learn this business so they can add Six Figures to their yearly production earnings. I want to help those who want to learn but again this is my 36th year in the real estate business and who knows how long I will stay active. Point is, take advantage if you want … (0 comments)
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