Re: Probate real estate investing - Posted by Irwin
Posted by Irwin on December 10, 1999 at 07:40:08:
For $6,000, in 3 days, I could turn you into a pretty good probate lawyer. Of course, getting the rest of your law degree and admission to the Bar in your state is extra.
Look at it this way. Probate (i.e. home owners who have died)is only one small part of investing. You’re looking for motivated sellers generally, and people trying to wind up the affairs of a deceased person are (sometimes) motivated to liquidate that person’s real estate quickly. There might be a few legal twists and turns, such as obtaining court approval, involved, but your lawyer takes care of that. You can learn to search Probate Court records for info on decedent’s estates in about 15 minutes. (BTW, not every sale of a deceased’s property has to go through probate.) You should already know how to search for vacant properties, read the obits, talk to realtors, bankers etc…, In other word, there’s nothing magical about “Probate”, so what’s he going to teach you for all that money? If you got pumped up by his 80 min pitch, just imagine how pumped you’ll be after three days. You’ll have to be tethered to the earth with steel cables. The only thing that will be deflated will be your bank account.