THE ART OF FINDING DEALS JIMMY V . REED
always like to talk about it but there are two certainties in life , death & taxes and both are involved in probate . Our objective is the real assets i . e . real estate property that usually through a death ends up in a situation where taxes are due . It has always amazed me that 70 % of Americans do not even have a will . While the other 30 % do they may still own it in their name witch means it is still going to go to probate . I always encourage other investors to hold real estate in some sort of entity to avoid the probate process . This is why my partner and I decided to create a howto training book on finding deals through probate . Our program is “ The Hidden Treasures and Profits of Probate ” In this book we teach 7 ways to buy probates . The basic process to them all is getting to the Executor before anyone else can . The Executor is the person in charge of probating the will . They actually are now the seller who must satisfy not only the will but also the taxes owed on the estate or on the property . Most people with a will usually make a big mistake by making a relative or a friend their Executor . This is where we come in as Problem Solvers . We help them by buying the property at a cash discount . In doing so we solve the tax situation and take the property as is solving the problem of having to repair it so it can sell . I can only give you the basics here , but in our manual we go in step by step details for all 7 methods of buying probates . Remember the basic process is getting in and tracking down the Executor , and then the inventory lists , then we get the contact info . Then it ’ s off to the tax office for the assets to be tracked down . From there we use our tracking form and pre written letters to start the initial process of making contact . Once contact is made we use our conversation form to ask the right questions . Once we have all our info its time to make an offer . Understand the main goal of the offer is to offer just enough cash out of pocket to satisfy the courts and any debts . We