probate investing: PROBATE REAL ESTATE: "Right To Sell" Without A Listing
- 11/25/16 06:47 AM
So another technique I use in my 30 year probate real estate business, is to have a 14 Day Pre-MLS agreement where I can bring the estate home to the market place with two weekends of open houses, test the market with a “As Is” price and “Fix Up” price then report back to the owner what the market is telling us.
This last Sunday my team held a home open in NorCal where we had been talking with the state for about 2 weeks on our program. The probate home was in need of fix up and updating but it was in an … (0 comments)
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probate investing: WHY: Working with Probate Homes = Working with Motivated Sellers
- 05/09/16 02:34 AM
Gary D will never retire he says,
he says, he loves doing the deal to much ever to stop.
Hey, whatever kicks up the dopamine and makes you happy right?
Well, this is a GREAT thing for people like you and me, see we get to take advantage of a WEALTH of probate real estate knowledge WANTING to share with us.
With nearly 30 years laser focused on working homes in probate what Gary learned is that you can work less hours a week than typical agents, make the same if not more money than those 40-60 hour week agents AND the fight against … (0 comments)
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probate investing: PROBATE ESTATE ATTORNEYS= ROADBLOCK
- 02/07/16 03:09 AM
This is a topic which can really be a roadblock in your probate real estate business success. For the most part over the last 28 years of my probate real estate business I have come across all kinds of estate attorneys, most a positive experience but many a negative. For whatever reason these attorneys feel they are there to handle the real estate for the estate not just the probate procedure. Even at the cost of more money some of these attorneys will want their agent to have the listing. It is my opinion they are looking after … (0 comments)
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probate investing: DO YOU EARN OVER $100K NET IN YEARLY COMMISSIONS
- 01/26/16 12:42 AM
Happy New Year! This is my first blog for 2016 as I have been very busy the last month closing out 2015 with $12 Million in closed home only production and carrying over $3M to 2016 business. My real estate business produced $15M in production in 2015 and why I'm telling you this is because LESS THAN 10% OF MY CLOSED BUSINESS CAME FROM THE MLS!
Yes, I want to hammer this home because most agents I know earn most of their income chasing sales on the MLS or pitching sellers for listings while competing with many agents for the same business. … (3 comments)
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probate investing: Probate Coaching Program Starts TOMORROW
- 01/02/16 11:58 PM
If you follow this blog on the INs & OUTs of the Probate Real Estate world, you probably already know that the Diamond Farming Probate System is rolling out it's One-on-One Coaching intensive.
This program has been designed to not only give you a complete understanding and know how of the probate real estate business, but to also take you though a deal, soup to nuts.
Go though the steps of gathering NEW leads, how to contact the PR's and action steps doing so.
Set appointments and get a deal, Gary D Sr will take you though to the closing.
Of course, our disclaimer is … (0 comments)
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probate investing: Take a peek into a past Meet Up [ Pics & Vids ]
- 11/17/15 09:02 AM
Recently, I was keynote speaker at a real estate meet-up in Sunnyvale, CA.
It was standing room only, check out these pics from the night...
During this meet up, I covered my 5 ways I earn income working probte real estate. I mentioned the importance of having a good Hard Money Lender and Title Company that is experienced in probate real estate, but the right way, not the way most agents and investors "think" probate is.
This meet up here was all about Hard Money and the right Title Company so I thought I would share...hope you find something from this that can … (3 comments)
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probate investing: Examples of Profit Potential from Probate Real Estate
- 05/28/15 07:22 AM
Property Profit Examples
In 1992, using my Diamond Farming Probate System, an investor I flipped a lot of property with and I earned $121,350 on 6 probate buy/sells within 18 months.
These profits where not including my commissions, but I wanted to show what can be done as a Probate Agent.
You work with Investors buying and selling probates which I call my "Level 1" Probate Opportunity.
I have been explaining what I have been doing over the last 25 years with Probate Investing and these examples are just a few.
These are some Level 1's we did and in following posts I will list Level … (0 comments)
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probate investing: PROBATE HOME LEADS NATIONWIDE FOR AGENTS & INVESTORS
- 05/15/15 04:49 AM
Greetings! Hope all your business is Fantastic! I'm having my best start in many years (already Six Figures) and smoking. 95% have been probate homes and I work Under the MLS Radar, without much competition. This is something agents and investors should at least check out in your home town as your missing out on many extra deals per year.
This blog is about the question which comes up often from my DF probate students and active rain agents and investors all over the Country.
HOW CAN I FIND CONSISTENT PROBATE HOME LEADS IN MY COUNTY
Many tell me they just don't … (0 comments)
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probate investing: Ignore Probate Real Estate? Would you ignore 100K extra this year?
- 03/30/15 08:42 AM
Probate Real Estate is a 6 figure annual income if you learn how to work it the way I have for the last 25 years.
Here, I'm taking about the Court Appraisals and why they are nothing short of a bad joke.
In California, as I mentioned there are two ways to sell real estate out of Probate. As a Probate Agent in California you must know all the rules and regulations if you are going to represent a buyer or seller so you can make it to a successful close. This information is hard to find and I learned … (2 comments)
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probate investing: AGENTS & INVESTORS: Ignore The Probate Myths
- 02/26/15 07:41 AM
I have been receiving emails from potential Probate Agents and Probate Real Estate Investors asking about why the old probate process of selling the estate property is still active. Since the I.A.E.A (Independent Administration of Estate Act) was enacted in 1987 many of you are asking why we still have the old system as well. This is a great question so let's dive into.
Of course this is just my opinion but in today's real estate world (2015) we still have estates who are going through the old court confirmation process when selling the estate property. Why is this? Why would the estate … (0 comments)
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probate investing: PROBATE REAL ESTATE WHAT IS UP WITH THE COURT APPRAISAL
- 02/10/15 10:17 PM
In California we have two ways to Probate an Estate. Both procedures involve an appraisal of the assets of the Estate. Our focus, the real estate has the home appraised at the time of death of the owner to establish a new basis for the estate. In the old probate procedure we must use the house appraisal and per the rules the executor or administrator cannot sell for any less than 90% of this home appraisal.
Now what makes this process bogus is the home isn't appraised by a licensed certified appraiser but by a court referee who most of the … (0 comments)
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probate investing: HOW I BEAT OUT THE ESTATE ATTORNEYS AGENT FOR THE PROBATE LISTING
- 01/25/15 02:38 PM
One of the hurdles you will need to overcome if you are going to be a Six Figure Probate Agent is dealing with Estate Attorneys who represent the estate you are trying to purchase (flip), Double End Sale or list. I learned to deal with this after losing deals to agents who where good agents, some not so good but college pals, family friends or just have done business before over the years with the attorney and a comfort level developed. It's a tough situation but if you control it and follow my system you will win most of the time and … (0 comments)
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probate investing: $500K TOUGH PROBATE SALE TURNS INTO $25K FEE
- 01/16/15 12:13 AM
As part of my probate system I recently made an offer for a client to a PR on a Probate Home which needed much work, repair and updating but was a craftsman home in a Hot East Bay Area. We couldn't move forward on the sale as the PR was not approved as administrator yet (2 weeks away) but we worked out the numbers and settled on $500K.
The house had a upside value of $700K to $725K when rehabbed so it looked like a good one. We entered into contract subject to her approval as Administrator and moved … (0 comments)
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probate investing: FARMING PROBATE HOMES VERSE REGULAR FARMING
- 01/13/15 12:40 AM
I want to talk about the ultimate farming system I have which is my "Level 5" income opportunity with probate Homes. Of Jan 2nd, 2015, my team has over 1000 probate tracking sheets in our data base which was imputed for 2014. This is 1000+- probate cases which have real estate and all in my target search area (Bay Area). What my team is doing is going through each PTS and finding out which sold and which did not. I should end up somewhere around 50% or 400 to 500 P.T.S with real estate which didn't sell, some still in process … (0 comments)
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probate investing: HOW TO FARM PROBATE HOMES IN YOUR AREA..
- 01/09/15 03:12 AM
In my Probate Real Estate Business my teams farms probate homes which have completed the probate process and has transferred to the heir designated by the decease to receive the home. As a probate agent part of my monthly process is to stay in touch with these owners (Farm) and become their go to real estate agent when they do decide to sell.
Many times during the probate process the executor will not sell the property as there is just to much going on. They complete the probate process and then the home is transferred to whomever was named in the will. It could be one person or several … (0 comments)
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probate investing: HOW ONE PROBATE SALE LED TO 3 MORE IN 60 DAYS
- 01/08/15 05:49 AM
This is a scenario which happens often with Probate Homes if you are working consistently and taking advantage of all the opportunities which come up.
I recently had a probate house with studio rental carrier estate I couldn't buy at my Investors price of $390K so I listed it for $470K and did my system to sell it myself. One of the buyers who came through was a broker and it didn't work for her but in our conversation when she understood what I have been doing with Probate Homes for the last 25+ years she asked if I would find … (0 comments)
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probate investing: IN PROBATE WHY WOULD AN ESTATE SELL WHOLESALE VS RETAIL
- 01/08/15 05:38 AM
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probate investing: THE DIFFERENCE BETWEEN PR, EXEC & ADMINISTRATOR IN THE PROBATE PROCESS
- 01/02/15 04:40 AM
Happy New Year!. Well we are starting the new year and yes we are working today. Probate Leads are going out to my subscribers, new files in order for research next week and we have a ton of leads from 2014 to follow up with now that we are in 2015.
I had another strong probate real estate year with 30 probate sides PLUS I rolled over 9 probate sides which will close in Jan and Feb and Jump Start my New Year! I love probates, I have been blogging about them for years now and I'm excited to … (0 comments)
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probate investing: WHAT IS NOTICE OF PROPOSED ACTION IN PROBATE REAL ESTATE
- 12/23/14 03:12 AM
Ok, here in California and many states the Court requires when the Executor/Administrator sell the estate home through the Independent Administration of Estates Act under Full Authority that the Exec/Adm must notify any heirs with interest in the estate home the terms of the sale. The heirs will have 15 days to contest the sale if they choose and if so the sale stops and the issue must be worked out or taken to court for court confirmation of the sale.
This is very important for your probate business as 90% of probate sales go through the I.A.E.A now so you … (0 comments)
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probate investing: MY $100 XMAS GIFT TO ANY ACTIVIE RAIN MEMBER WHO TAKES ADVANTAGE
- 12/07/14 04:15 PM
As we close out 2014 I have again positioned my business to close strong (2 double ends and a listing sold all probates ($60K, $33K and $4700) in fee's which will close out my very strong probate real estate year. Working Probate Homes also has me with 2 double ends closing (Jan $28K and Feb $30K) plus a short sale probate (8700 Jan) so my 2015 is going to jump off fantastic! I'm not trying to impress anyone but just show what probate real estate can do for any agents business if they learn something new and work smart not … (0 comments)
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So another technique I use in my 30 year probate real estate business, is to have a 14 Day Pre-MLS agreement where I can bring the estate home to the market place with two weekends of open houses, test the market with a “As Is” price and “Fix Up” price then report back to the owner what the market is telling us.
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