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Probate Investing / Probate Real Estate Info
PROBATE INVESTMENT – A DIFFERENT KIND OF REAL ESTATE INVESTMENTS
When someone passes away and their heirs inherit their personal property, which includes their house or any real estate, this is what probate deals with. Many times, in order to settle an estate, these heirs are highly motivated to sell the property fast and sometimes at a huge discount because they themselves already have a home and do not want another house payment.
The term probate is derived from the Latin word “Probatum” which means “prove.” So the word probate is a legal process to which the will is proven valid.
If you want to earn huge returns on your money in a short period of time, then working in probate investing will help you do just that.
It is human nature that when a loved one dies, and their inheritance goes into probate, they want to sell it fast and they would not be concerned about getting the most money for the property and sometimes the contents inside. That is where a probate investor can make their money. They can offer the persons who inherited the property a lump sum amount of money for both the property and everything in it. This lump sum of money is a fair value. Then you as a probate investor can turn around and sell everything in the house at a flea market or garage or estate sale; and sell the house itself for more than you paid for it, making a profit of at least 30 to 40 percent sometimes more depending on the area and the house itself.
Finding probate estate properties can sometimes be hard to find but if you know where to look it becomes easier. The first place to look is with the real estate agents. Contact a real estate agent or several and let them know you are in the market for probate estates. Let them know exactly how much and what type of houses you are looking at.
Another great place to look is the newspaper. It may seem morbid but look in the obituary section and then check the local property records to determine if the deceased owned any properties. Matching the deceased with the property is really only common sense and cuts out the real estate agent commission.
Yet another place to look is the estate executor. As a matter of public record, wills in probate can be checked by anyone at the local courthouse or other government agencies.
The great prices are the number one benefit of buying and investing in probate properties. Prices for some of these properties can be as low as 30 to 40 percent below market value. Another benefit would be the big inventory, the bad news is that we all die, and the good news is that there will always be plenty of probate housing for investments.
And of course it’s a buyers market, many beneficiaries don’t really want to inherit property they simply want cash from the sale of the property, even if it’s below market value. They do not want the responsibility of a mortgage payment, estate taxes, repairs, maintenance, and so forth that comes along with owning an extra property.
Sometimes, if you are not working with a real estate agent, you can find probate housing on your own by looking in the newspapers and the public records and using a simple letter to the heirs of the property stating your wishes to take it off their hands for them. You must work this letter carefully so that they want to sell and as not to offend them in their time of sorrow.
It’s best to approach the family who inherited the piece of property directly rather than go through a lawyer because a lawyer, just as a real estate agent, adds fees which takes out of your profit when you go to resell the investment property.
Many people who inherit a loved one’s piece of property with all its contents do not want to deal with having to separate out all the contents and then sell the contents along with selling the house itself. Let’s face it, while some things may have sentimental value, most would agree that it is not practical or desirable to keep everything. Additionally, money can be made by selling the content. You can hold an estate sale. Depending on how good the contents are inside, you may end up with a garage sale. If the contents are desirable, another investor may come by and want to purchase the entire lot — the contents and the house — for a price that would net a healthy profit. Probate investment is all about finding a probate home, purchasing it for the bare minimum, then turning around and selling it at 30 to 40 percent higher than the market value…or more.
www.probatepower.com
SBe sure to check out this Youtube VIDEO!!…..
http://www.youtube.com/watch?v=ASjEDkxlX88
By: James Garrity
About the Author:
When someone passes away and their heirs inherit their personal property, which includes their house or any real estate, this is what probate deals with. Many times, in order to settle an estate, these heirs are highly motivated to sell the property fast and sometimes at a huge discount because they themselves already have a home and do not want another house payment.
The term probate is derived from the Latin word “Probatum” which means “prove.” So the word probate is a legal process to which the will is proven valid.
If you want to earn huge returns on your money in a short period of time, then working in probate investing will help you do just that.
It is human nature that when a loved one dies, and their inheritance goes into probate, they want to sell it fast and they would not be concerned about getting the most money for the property and sometimes the contents inside. That is where a probate investor can make their money. They can offer the persons who inherited the property a lump sum amount of money for both the property and everything in it. This lump sum of money is a fair value. Then you as a probate investor can turn around and sell everything in the house at a flea market or garage or estate sale; and sell the house itself for more than you paid for it, making a profit of at least 30 to 40 percent sometimes more depending on the area and the house itself.
Finding probate estate properties can sometimes be hard to find but if you know where to look it becomes easier. The first place to look is with the real estate agents. Contact a real estate agent or several and let them know you are in the market for probate estates. Let them know exactly how much and what type of houses you are looking at.
Another great place to look is the newspaper. It may seem morbid but look in the obituary section and then check the local property records to determine if the deceased owned any properties. Matching the deceased with the property is really only common sense and cuts out the real estate agent commission.
Yet another place to look is the estate executor. As a matter of public record, wills in probate can be checked by anyone at the local courthouse or other government agencies.
The great prices are the number one benefit of buying and investing in probate properties. Prices for some of these properties can be as low as 30 to 40 percent below market value. Another benefit would be the big inventory, the bad news is that we all die, and the good news is that there will always be plenty of probate housing for investments.
And of course it’s a buyers market, many beneficiaries don’t really want to inherit property they simply want cash from the sale of the property, even if it’s below market value. They do not want the responsibility of a mortgage payment, estate taxes, repairs, maintenance, and so forth that comes along with owning an extra property.
Sometimes, if you are not working with a real estate agent, you can find probate housing on your own by looking in the newspapers and the public records and using a simple letter to the heirs of the property stating your wishes to take it off their hands for them. You must work this letter carefully so that they want to sell and as not to offend them in their time of sorrow.
It’s best to approach the family who inherited the piece of property directly rather than go through a lawyer because a lawyer, just as a real estate agent, adds fees which takes out of your profit when you go to resell the investment property.
Many people who inherit a loved one’s piece of property with all its contents do not want to deal with having to separate out all the contents and then sell the contents along with selling the house itself. Let’s face it, while some things may have sentimental value, most would agree that it is not practical or desirable to keep everything. Additionally, money can be made by selling the content. You can hold an estate sale. Depending on how good the contents are inside, you may end up with a garage sale. If the contents are desirable, another investor may come by and want to purchase the entire lot — the contents and the house — for a price that would net a healthy profit. Probate investment is all about finding a probate home, purchasing it for the bare minimum, then turning around and selling it at 30 to 40 percent higher than the market value…or more.
www.probatepower.com
SBe sure to check out this Youtube VIDEO!!…..
http://www.youtube.com/watch?v=ASjEDkxlX88
By: James Garrity
About the Author:
I am a Successful Probate Investor from Lancaster, Pa. and I am currently selling a Probate Investing Course
Eun Arre
How I Make $150k+ Per Year in Probate Investing
My name is James Garrity, and I am a successful Probate Real Estate Investor.
Over the years I have aquired and sold probate properties making me FORTUNE. I, maybe like you, started off with ZERO Real Estate Knowalege but that did notstop me from learning everything I needed to know in order to be a sucessful Real Estate Investor!
You see early on in my Real Estate career I had no idea which path
I wanted to take i.e. foreclosures, fix-n-flips, rentals you get the
point…I actually tried many of these outlets to invest but I was never truley unhappy with the outcome and the results. It seemed like to me investing in real estate was just a dream (nightmare) and I was waking up! It’s funny I put it like that ~ because as I was waking up I bumped into a friend of mine and he asked me if I had ever heard of probate investing. I replied no, and at that time in my life I really didn t want to hear about ANOTHER real estate investment oppertunity.
For some reason I agreed to meet with him for lunch one day to hear
what he had to say about Probate Investing. So anyway, we met for lunch and he started telling me about Probate Investing, to say the least I WAS BLOWN AWAY, it was like Donald Trump telling me one of his “inside secrets” As he was telling me all about Probate Investing, In my head I was comparing Probate Investing it to everything I had done in the past ….and it was clear that Probate Investing BLEW all other ways to invest in Real
Estate OUT OF THE WATER. That was years ago and since then I have been Investing in Probate Real Estate NEVER LOOKING BACK!
You may relate to my story, having tried many different ways of
investing in real estate and being frustrated, or you may be new just
getting started out. Whatever the case is you have come to the right
place!
Since I have been truley successful in Probate Investing I am ready to share my success with others. That is why I have put together the
Probate Power Investing Course. It is compiled of years of knowlege
and experience, and gets you on the FAST TRACK to MAKING BIG MONEY
with Probate Real Estate! In my cousrse I go over EVERYTHING you need
to know to be a successful, using NO CASH or CREDIT! Trust me even
though I say Probate Investing in the GOLDEN TICKET you still need to
know where to go to get the information, who to contac
what contracts to use, basically how to work a probate deal from start to finish using no money.
That is exactly what I have done with the Probate Power Course, I have basically compiled everything I have learned over the years and ALOT of tips and tricks that equal BIG Money when doing these deals and placed it all on a silver plater! When I bumped into that friend of mine as previously stated I was just someone in the right place at the right time, just like you right now reading this message….I know there is a ton of CRAP out there on the internet, but please DO NOT mistake this course with any of that. This is why I have put REAL
DEALS on my website located at: www.ProbatePower.com so you can see that this is real and ANYONE can do it….This is a real business with an oppertunity to make a ton of money and I will show you how.
Probate Investing is truley one of the last hidden secrets in Real Estate. Not only will I show you how to tap into it to make yourself a fortune I will show you how using no cash or credit!
Remember, the only difference between you and I is what I know and how I spend my time!
So with that being said, come over to www.ProbatePower.com and let me show you how to get started TODAY!
By: James Garrity
About the Author:
Over the years I have aquired and sold probate properties making me FORTUNE. I, maybe like you, started off with ZERO Real Estate Knowalege but that did notstop me from learning everything I needed to know in order to be a sucessful Real Estate Investor!
You see early on in my Real Estate career I had no idea which path
I wanted to take i.e. foreclosures, fix-n-flips, rentals you get the
point…I actually tried many of these outlets to invest but I was never truley unhappy with the outcome and the results. It seemed like to me investing in real estate was just a dream (nightmare) and I was waking up! It’s funny I put it like that ~ because as I was waking up I bumped into a friend of mine and he asked me if I had ever heard of probate investing. I replied no, and at that time in my life I really didn t want to hear about ANOTHER real estate investment oppertunity.
For some reason I agreed to meet with him for lunch one day to hear
what he had to say about Probate Investing. So anyway, we met for lunch and he started telling me about Probate Investing, to say the least I WAS BLOWN AWAY, it was like Donald Trump telling me one of his “inside secrets” As he was telling me all about Probate Investing, In my head I was comparing Probate Investing it to everything I had done in the past ….and it was clear that Probate Investing BLEW all other ways to invest in Real
Estate OUT OF THE WATER. That was years ago and since then I have been Investing in Probate Real Estate NEVER LOOKING BACK!
You may relate to my story, having tried many different ways of
investing in real estate and being frustrated, or you may be new just
getting started out. Whatever the case is you have come to the right
place!
Since I have been truley successful in Probate Investing I am ready to share my success with others. That is why I have put together the
Probate Power Investing Course. It is compiled of years of knowlege
and experience, and gets you on the FAST TRACK to MAKING BIG MONEY
with Probate Real Estate! In my cousrse I go over EVERYTHING you need
to know to be a successful, using NO CASH or CREDIT! Trust me even
though I say Probate Investing in the GOLDEN TICKET you still need to
know where to go to get the information, who to contac
what contracts to use, basically how to work a probate deal from start to finish using no money.
That is exactly what I have done with the Probate Power Course, I have basically compiled everything I have learned over the years and ALOT of tips and tricks that equal BIG Money when doing these deals and placed it all on a silver plater! When I bumped into that friend of mine as previously stated I was just someone in the right place at the right time, just like you right now reading this message….I know there is a ton of CRAP out there on the internet, but please DO NOT mistake this course with any of that. This is why I have put REAL
DEALS on my website located at: www.ProbatePower.com so you can see that this is real and ANYONE can do it….This is a real business with an oppertunity to make a ton of money and I will show you how.
Probate Investing is truley one of the last hidden secrets in Real Estate. Not only will I show you how to tap into it to make yourself a fortune I will show you how using no cash or credit!
Remember, the only difference between you and I is what I know and how I spend my time!
So with that being said, come over to www.ProbatePower.com and let me show you how to get started TODAY!
By: James Garrity
About the Author:
I am a Successful Probate Investor from Lancaster, Pa. and I am currently selling a Probate Investing Course
Lennie Thone