Probate Secrets: Part Two
Welcome To Part Two Of Our Series In Explaining How Probate Real estate Investing Really Works.
Here is part of an in depth interview we did with Probate Real Estate Investing Expert, Ron Mead.
"For people who might be hearing for the first time about probate real estate investing, why is it that probate real estate investing works as a system?
Well it’s kind of a term that I coined called probate real estate, there really isn’t such an area.
Probate real estate to me just means going to folks who have inherited properties and asking if they might be interested in selling to you.
Now everybody wants to sell the properties that they have inherited.
Very, very few people are going to hang onto them.
Once in a while you’ll find maybe one of the son or daughters wishes to retain the property but 99% of the time they wish to get rid of that property.
So maybe if I tell you a story as to how this came about it would make it clearer.
In the mid ‘90s my parents passed away and I ended up inheriting a property about 250 miles from where I lived, and it was during one of those trips back and forth that the idea came to me that if someone wanted to offer me less than full market value for my parents’ house, I’d be very interested in listening because I, like most folks, had a very busy life at that point and I really didn’t need another project of that magnitude.
Well no one came forth and it took me seven months to sell that property and numerous trips back and forth on the freeway to get there and a lot of time involved.
So when I got back to where I lived, I said to my wife you know, if I went to the court house and spent the time, I could figure out how to contact other folks who inherited property, mail them a letter and ask them if they might be interested in selling to me.
The reason that probate works is because of the lifestyle we all currently have.
We’re all very busy people, often times the kids have moved away from where mum and dad live now and where they were born.
So coming back to take care of all the things that go along with selling the house becomes a chore and so consequently people will say well geez, you know maybe the house is worth $300,000 but if you’ll give me $250,000 and I don’t have to make those numerous trips back and forth, I’m interested, let’s talk a little bit. So that’s the concept of probate real estate, and the reason that it works, which I think was your original question, is because of what I call distance and lifestyle.
The kids live far away, they don’t want to keep coming back and their lifestyle is such that just really a lot of us don’t really have time to take care of the whole process.
Now This is quite simple to understand but what few people do properly is the important part, which we cover in full in our next lesson."
To read more in this series explaining in step by step detail how probate real investing really works stay tuned for part three in this series or visit ProbateRealEstateCourseReviews.com
P.S. For Your Insider Guide to Which Real Estate Courses Actually Work And To Get Industry Secret Course Discount Coupons Click Below Now
http://www.probaterealestatecoursereviews.com/
Here is part of an in depth interview we did with Probate Real Estate Investing Expert, Ron Mead.
"For people who might be hearing for the first time about probate real estate investing, why is it that probate real estate investing works as a system?
Well it’s kind of a term that I coined called probate real estate, there really isn’t such an area.
Probate real estate to me just means going to folks who have inherited properties and asking if they might be interested in selling to you.
Now everybody wants to sell the properties that they have inherited.
Very, very few people are going to hang onto them.
Once in a while you’ll find maybe one of the son or daughters wishes to retain the property but 99% of the time they wish to get rid of that property.
So maybe if I tell you a story as to how this came about it would make it clearer.
In the mid ‘90s my parents passed away and I ended up inheriting a property about 250 miles from where I lived, and it was during one of those trips back and forth that the idea came to me that if someone wanted to offer me less than full market value for my parents’ house, I’d be very interested in listening because I, like most folks, had a very busy life at that point and I really didn’t need another project of that magnitude.
Well no one came forth and it took me seven months to sell that property and numerous trips back and forth on the freeway to get there and a lot of time involved.
So when I got back to where I lived, I said to my wife you know, if I went to the court house and spent the time, I could figure out how to contact other folks who inherited property, mail them a letter and ask them if they might be interested in selling to me.
The reason that probate works is because of the lifestyle we all currently have.
We’re all very busy people, often times the kids have moved away from where mum and dad live now and where they were born.
So coming back to take care of all the things that go along with selling the house becomes a chore and so consequently people will say well geez, you know maybe the house is worth $300,000 but if you’ll give me $250,000 and I don’t have to make those numerous trips back and forth, I’m interested, let’s talk a little bit. So that’s the concept of probate real estate, and the reason that it works, which I think was your original question, is because of what I call distance and lifestyle.
The kids live far away, they don’t want to keep coming back and their lifestyle is such that just really a lot of us don’t really have time to take care of the whole process.
Now This is quite simple to understand but what few people do properly is the important part, which we cover in full in our next lesson."
To read more in this series explaining in step by step detail how probate real investing really works stay tuned for part three in this series or visit ProbateRealEstateCourseReviews.com
P.S. For Your Insider Guide to Which Real Estate Courses Actually Work And To Get Industry Secret Course Discount Coupons Click Below Now
http://www.probaterealestatecoursereviews.com/
posted by Stephen Henry at
11:57 PM
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