Realty411 Magazine The Future of Real Estate is Here | Page 88

PROBATE INVESTING
2014—Invest in Your Future
T
here have been countless books published about how to profit
from real estate investing. In every case, the objective is to buy
low and sell high. That’s how you make money: you find a bar-
gain and you resell it at market value or higher.
By Leon McKenzie, US Probate Leads
You might imagine that when a
widow passes away at the ripe old
age of 101, her children or relatives
automatically inherit her house. They
Whether you are new to Real Estate investing or you are a seasoned
investor currently making a number of new Residential Real estate
may continue to live there, however
investments each month – you owe it to yourself to look into the Resi-
the house may eventually be sold on
dential Real Estate Market Niche known as Probate Investing.
the open market to whoever makes
the highest offer. The disposition of
Untold Number
Leads Always
Personal Property a decedent’s property may seem like
of Leads
Available
is Available
a private, closed process, but it often
isn’t. Many factors can influence the
~ 6 million unset-
Over 2 million new
99.9% of Probate
tled probates every
probate cases open
cases have some type
way an estate is disposed of:
minute of every day
in the United States,
Estimated value of
$600 Billion. each and every year of personal property
opportunity
Residential
Properties in
Most Most Executors
are “Out of
County” Many Residential
Properties will
Be Sold Soon
70-75% of probate
cases have some
type of real estate
opportunity ~85% of the Executors
do not live in the county
where the probated
property is situated If the Executor is going
to sell Residential
Property in the Estate,
~65% of the Estate will
sell within 4-8 months
Understanding Probate is Not Difficult
How do you go about finding below market properties? There are so many
people looking for properties how do you find ones that you can buy
and sell so that you can make the type of money that you need to secure
your future? Investing in properties found in Probate can be your key to
Success!
• Sometimes the decedent has no
heirs and has not left a will.
• The property may be in danger of
being foreclosed because mort-
gage payments can’t be met.
• Possibly, the heirs simply can’t
agree on what to do.
• Maybe, the estate does not have
the cash to pay property taxes.
• And, possibly, the executor lives
out of state and in order to
manage the sale of the property
must fly in to meet with prospec-
tive buyers.
Who pays these travel costs?
Probated property is anything that is owned by person when that person
passes away and his or her estate is settled. You might think that every-
thing a decedent owned including their home or other real estate property
is always willed to their heirs, who then do with it what they please or as
they are instructed by the person’s will. To the casual observer the process
of probate might seem very straightforward.
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PAGE 88 • 2014

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