Probate investing means buying property from heirs who have inherited it through the court-supervised process that follows an owner's death, then making a profit by reselling or renting that property.
Log in to followRunning a small service team and I keep getting pulled into probate jobs from two directions, so I want to know how the room prices this. Direction one: cleanouts are a real busin…
Client bought a 1962 ranch out of an estate. Representative signed as-is with no seller disclosure form, her attorney said fiduciaries are exempt. Fine for that sale. Now I'm the…
The niece handling her aunt's house told me the insurance is still in place and I took that as settled. Then someone told me a homeowners policy stops covering a house once nobody…
Looking at this as a capital participant rather than the buyer, so my question is about how much of the file I need before I'd fund somebody else's side of it. Deal shape: single…
I've been sitting in on calls with heirs to learn the language, and the same moment keeps coming up. Somebody asks what the house would sell for on the open market, and there's a…
I've been trying to work out where a service-side person fits around probate investors, and the split that keeps coming up is whether outreach and underwriting should sit in the s…
Estate duplex, three heirs, the PR is the eldest daughter and lives out of state. ARV around 215k, my number is 155k. Unit A has a tenant at 675 a month on a verbal month to month…
Reading a purchase agreement my buddy sent over for a second set of eyes and I've got a clause problem I can't resolve from the document alone. Setup: estate is the seller, PR sig…
The chapter says the established practice is leading with empathy and positioning yourself as a resource, and I keep bouncing off that sentence. I'm mostly land and long holds so…
I pulled 40 filings from my county's probate court records last week, the ones where real property showed up in the inventory, and I've got names and mailing addresses for the per…
Trying to work out the monthly bill before I commit to anything. I see probate lead services from about 40 dollars a month up to a few hundred and I can't tell what separates the…
I've been reading through purchase agreements from three different probate buyers and they split cleanly on one point. Two of them get a contract signed by the heirs early, weeks…
I ran a probate campaign from February to July and closed zero deals out of it. Not one. I want to write down where the money went while it's still fresh, because everything I rea…
Talked to a daughter about her mom's house. She says her lawyer told her the sale has to be approved by the judge and there's a hearing where other buyers can show up and bid high…
Building a list rather than buying yet. Last full month for my county gave 340 new probate cases. I matched names and addresses against the assessor and got about 60 that look lik…
I spent $4,100 on diligence for an estate sale last year and watched somebody outbid me by $12,000 at the hearing. That money is gone. I went back in on a second one anyway and th…
Sitting on a signed deal where the personal representative wants to close in three weeks. The claim period for creditors in that state hasn't run out, and the title company came b…
Everything I read about probate says build attorney relationships, they'll feed you deals. Nobody explains what that looks like from the attorney's side. Why would a lawyer whose…
I've got 90 days into this and no deals, so take my framing as a beginner's framing, but I've now heard two experienced people in this room describe completely opposite machines a…
Numbers first. ARV around 240, needs maybe 35 in work, so I want to be in at 145 to 155 for it to be worth touching as a flip. There's a HECM reverse mortgage on it and the servic…