From the desk:
Closed three weeks ago on a duplex out of an estate. 1920s side by side, both units 2 bed, market rent around 1,250 each in a working class part of town where the numbers still ma…
Discussion
I've got a lead where the owner died about a year ago. Three adult kids, all out of state, and the one who called me back says she's the executor. When I asked for a copy of the l…
From the desk:
Filing came off a court-sourced probate list last month. Personal representative has been appointed, letters issued, so there's authority to sell. Property is a 1,400 square foot…
Discussion
New enough at this that I'm still surprised by it, but roughly a third of the probate leads I've looked at came with no interior access at the offer stage. The heir has one key, l…
Win
The payoff quote came back at $151,400 on a house I had under contract for $142,000, and for about ten days I was sure I'd burned five months for nothing. The deal: 1958 ranch, 3…
Discussion
Borrower wants 140k on a 200k ARV, 30k rehab, and the purchase agreement is with an estate. The daughter signed as the one handling everything, and from the paperwork it looks lik…
From the desk:
Rural county, the whole county has maybe 9,000 people. I got a call back from a letter I sent to a woman who inherited her uncle's place. Three bedroom farmhouse, 1,900 feet, on 4…
Discussion
Everything I read about probate is houses with 30 years of stuff inside and a dumpster. I do land. So two things. What does a small campaign actually cost per month to run properl…