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Probate Real Estate Profits: Examples

By
Real Estate Agent with EXP Realty

Property Profit Examples

In 1992, using the "Diamond Farming" system my investor and I earned $121,350 on 6 probate buy/sells within 18 months in the SF Bay Area.  These profits where not including my commissions but I wanted to show what can be done if 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 22 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 2-3-4 and 5's.  Hope you Agents understand the opportunity most of you are missing.  You can just be a Probate Agent working for investors and end user buyers to purchase probates at a discount if you don't want to be a principle.

Level 1 Transactions

$28,000 Profit in 30 days!
Level 1 Purchase in San Leandro.
This was a true Diamond for us. I found this Probate from an owner who was living in New Mexico. His wife had passed and he was going through probate but hadn't lived in the house for over 10 years. I purchased the property for $117,000, then contacted the long term tenant and told him that I was going to resell the property and would he be interested in buying. I showed him how to buy it with a zero down payment and resold it to him for $145,000. We earned $28,000 in 30 days. The owner cashed out, and the tenant became a homeowner with less than $3000 out of pocket. We sold it to him for about 10% under market so he had instant equity. We all came out good on this Level 1 beauty and so can you if you know the secrets!  Probate Real Estate is a Win/Win/Win for everyone.

My partner and I purchased this probate and on the day we closed escrow, I received an offer which netted us $65,000. My partner made a 62% return on his money within 45 days. We earned more on this probate than the average agent makes all year.

This Level-1 probate my partner and I purchased for less than 80% of market value. Our Probate profit was $18,000, and it all took less than 90 days. Local agents, buyers and other investors didn't even know the house was available until after we closed and put it up for re-sale.

Here's another fine example of a big payday from Probate Real Estate. This home never hit the market until my partner and I owned it. It sold within one week and earned us $23,000. The only other people who even knew the house was available were the heirs and the attorney.

Plus! These properties were in good shape. We didn't do any cosmetic improvements or repairs. Compare this to the foreclosure properties you are use to!

These examples should have stirred up enough interest and most of the comments I have been receiving have been typical, most agent have never pursued Probate Real Estate.  Those who have some experienced never dreamed of buying and selling for themselves or investors.  This is a niche most Agents stay away from because lack of knowledge.  I'm winding down my business now so this is my way of passing on this information.   If you are interested in more info go to www. probate-realestate.com

 

 

 

 

 

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