6 ) LOW COST TO IMPLEMENT
Successful probate investing has a low cost of entry . As discussed in the last section , the cost of a qualified lead should be around $ 1 . Once this information is in hand , the only additional cost is the amount of a postage stamp . No costly software or monthly subscriptions are necessary for probate investing , unlike other investing niches . Sometimes the cost can even be less than a postage stamp . A few courts list phone numbers on the basic probate forms . I had some students who once found the phone number for the administrator of an estate during the course of their research . They took the initiative and called the administrator . In less than 10 days , they had the estate property under contract , and within 30 more days , they received a wholesale fee of $ 18,000 ! This transaction will be discussed in more detail in the book . For the cost of a few phone calls , these students did quite well — especially since they put up $ 0 to secure the deal .
CONCLUSION
Probate is a profitable investment niche that can be pursued everywhere . As people are consistently dying , there will always be probate estates , with most estates having real property for sale . You need no experience to start , as my book will provide you with the required knowledge to succeed . There is an endless stream of leads , with minimal research costs , and nominal costs to start your career as a probate investor .
Want to know who the significant people are in probate ? Be sure to read my next article in the next Realty411 magazine .
MEET PAUL WILKINS
Paul Wilkins was born and raised in Los Angeles , California , and attended the University of California , Los Angeles , where he earned a BA in History , magna cum laude . He went on to earn an MA in Latin American History at UCLA , after which his career goals changed . He finished his formal education by earning an MBA in Finance and Accounting , at UCLA ’ s Anderson School of Management .
After graduation , he worked for several commercial banks and mortgage companies , eventually beginning in the probate business at National Consumer ’ s Finance in 1996 . He has remained working in probate since then , moving to his current position at Approved Inheritance Cash in 2010 . Paul was one of the founding members of AIC , which is a probate financial services company . He is the general manager at AIC today .
Having been in the real estate industry for over 30 years , Paul ’ s transition to being a real estate investor and teacher was easy . He earned a lifetime Instructor Credential in Banking and Finance , from the California Community Colleges in 1985 and has spoken at numerous real estate events since then , most particularly since 2008 . He remains an active instructor and investor today and loves helping others learn and earn from his experiences .
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