One of my subscribers Kevin from California had some questions that I thought many of you would benefit from so I’m answer in my email message today.

Question: My first question is when you make on offer on a home and it needs some fixin does the investor purchase the home up front or after i have fixed it up?

A. Nothing like a good strong answer like “It depends” is there Kevin? If you do the rehab yourself, you will generally make more money. However, some folks, like me for instance, don’t do rehab and just flip the properties “as is” so that’s the other option you have so there is no set answer. Another factor is what your investors want. Some want finished houses, others do rehab themselves so you can do it either way.

If you want more information on “investors” and other guerrilla financing questions, my book “Make A Flippin’ Fortune” can give you all you need to know. I wrote it specifically for questions like this.

http://MakeAFlippinFortune.com

Q.What exactly should i asked the clerk in order to get this information on these probate homes?

A. Just tell the clerk you are researching Probate files and you would like to know their procedures for viewing.

Q. When i make an offer and the seller agrees how long do i have to pay the seller?

A. You will have to have your funds available at closing and the closing date is very flexible. The buyer and seller agree on a closing date and it is normally outlined in the Purchase agreement. It is generally a statement like “Closing will occur within six weeks.”

If you the buyer have already built your “investor” list and you know who you are going to sell to, or assign to” it greatly relieves the pressure on you. This also addressed in my Flippn’ book.

Q. When i purchase the home am i free of any tax liens or any other hidden costs besides repair?

A. Liens do not transfer with title. That means at closing all liens against the property must be satisfied by the seller.

Q. And also when you say your going to make an offer with cash does the investor know this and do they normally have that much cash to throw down?

A. Not quite sure about this question Kevin, but my investors do have all cash for any transaction I do. That’s the beauty of building your buyers (investors) list ahead of time. You know they have the funds ahead of time.

The other advantage is that if you decide to assign the contract, you know they have the money to pay your assignment fee.

Again, for more information on questions like these, please go to

http://MakeAFlippinFortune.com

As I have said many, many times, getting the money for these Probate deals is the easiest part of my strategy.

One last thing.

Stephanie asked me yesterday if there was a discount if she bought both the Probate book and the finance book at the same time.

My answer is “ABSOLUTELY”.

If you go to my website

http://BuyProbateProperty.com

and go to buy the Probate book, you will have a one time opportunity to purchase both books in combination at a $20 discount. All you need do is click on the buy button for the format you wish to purchase and the discount offer will automatically appear.

Do you remember last week I told you another company was asking for reviews about Probate courses that are offered online?

Well, guess what?

Twenty-two of you took time to send them your comments.

Thanks folks.

And you know how Big Brown won the Kentucky Derby by a ton?

Well, you can now call me Big Ron!

Out of the 22 reviews, 21 gave me 5 out of 5 stars and one gave me 4 out of 5.

“The winner and still Champeen of the World, Big Ron” Got to be a boxing fan to get that one.

But here’s the interesting part.

Even though everyone was complimentary about my books, most said they were far too cheap. I should be charging more for what you get.

Charging more? Now there’s a great idea.

The Darling Bride Sharon tells me this is a fabulous idea!

I’m thinking about it but for now, you’re in luck. I’m still keeping the old “cheap” prices.

But I am trying to figure out how I can work the “gas price increase” angle. Everybody else is, right?

Be Happy!

Ron Mead, The Probate Guy
www.BuyProbateProperty.com
www.MakeAFlippinFortune.com
www.LegalCreditScoreTips.com

Have you ever sat quietly in a room and said to yourself its time for some long term thinkin’?

Most of us spend our days running from “got-to-do” to “got-to-do”, never giving (or making) time to think any further ahead than tomorrow, the next day or maybe even the next week………..maybe.

The best we can do is make sure the car has enough gas and we’ve got our schedule in the palm of our hand…either written or electronic, depending upon our age.

This past week I was a perfect example.

Most of my time is spent thinking about Probate Real Estate.

http://BuyProbateProperty.com

But this past week was different……

The Darling Bride Sharon has a birthday the first part of June every year, just like clockwork and since it was also Father’s day weekend and we just finished staining our deck, we decided Saturday would be party time.

I had to get the invitations designed and printed (on the computer of course), get ‘em mailed out, fire up the BBQ after a winter’s rest (should that read rust?), get the blender out for the Ole’ Ole’ margaritas, bake a huge B-Day cake, make salads by the dozens (when did vegan become so popular), get the ribs ready for us non-vegan “manly mans”, try to remember where in the garage where all the party stuff is stored, make endless trips to the store to buy the stuff you know you already have in the garage but can’t find, make sure there’s room for everyone who is spending the weekend.

WOW!

All the details………

Fun but definitely short term thinking, right?

How about if you gave an hour or two or three to thinking a year or two down the road……or maybe five years or……… God forbid…..ten years.

Yikes that’s scary talk Mr. Mead!

Well, here’s where I’m, goin’.

I’ve had a few questions recently from my subscribers wondering what the market is for Probate houses once they buy them.

Have you thought that yourself?

Well my standard answer always has been and always will be “If you buy them right, you can always sell them.”

That’s 100% true.

Was yesterday, is today, will be tomorrow.

However, let’s stop for moment and look at this a little differently.

What if you decided that rather than sell your Probate purchase, you were going to hold onto it while the current RE market corrects itself?

As a sidelight, I hope you all realize this is probably the best buyer’s market in a long time which makes Probate purchases even more attractive. This is why you are seeing so many “experts” jumping on the Probate bandwagon and offering to sell you expensive Probate courses.

Anyway, back to my idea of buying a Probate property and holding for a year or two or three…or maybe even ten years.

Now that’s long term, huh?

Do you realize that if you were to make one small Probate purchase for let’s say, $175,000 and it appreciated only 5% each year for the next ten years, you would make over $90,000?

How about if you were able to only do ONE of those a year for the next ten years……that’s only ONE Probate deal per year…..

Can you get some idea how well off you would be in ten years?

With little work and some small market appreciation, you could have a million dollar portfolio.

All from one little Probate purchase per year.

I hope you can see I am using very conservative numbers for my examples because I don’t want to blow you out of the water with gigantic numbers you can’t get your brain around…….. you can use any you want that apply to your area.

So can you see what a little long term thinking can do?

It can make you lotsa, lotsa dough, is what it can do.

So drop your hot dogs and start mailin’ your letters.

You got to be doin’ some long term thinkin’.

Unfortunately, I’m still on the short term program.

You know what happens when you have a bunch of people over for somewhere between 4 hours and four days?

You immediately get in the garbage business.

We’ve got these huge black plastic bags stacked everywhere.

I’d better check to make sure we don’t have anybody napping in one.

You’d think we had a Yankees-Red Sox game in our back yard.

I need some of those flashing yellow lights for the top of my SUV/Garbage truck.

Better get out my owners manual and check my weight limits.

In the meantime, if you still are waiting to start your Probate RE business….now’s the time.

You can get your very own copy of my blueprint here;

http://BuyProbateProperty.com.

Oh By The Way, the $1 trial offer is going away. It worked great for a while but we seem to be getting too many people taking advantage of me so as soon as I can get my website
changed it will be dropped.

You probably have a day or two before this get’s done so if you have been considering using my $1 trail offer, don’t dally!

I’m hauling it to the recycle center with my black plastic bags!

I had a huge response to my note about testimonials last week and I want to thank every one who took time to write.

Here’s an example of what Stephen got:

Excellent value for a little bit of money. Really everything you need to know about finding probate properties. Not a lot of fluff. Direct and easy to understand. If you need to know more about the real estate financing side he also has a good (and fluffless) book in the same style. Bought them both and now wish I could return the more expensive course i bought elsewhere….

Mark, East Coast, USA

Thanks, Mark……I appreciate your kind words.

Well, time to fire up the garbage truck.

Maybe I can do some long term meditation at the recycle center.

It always has such a lovely fragrance.

Be Happy! Sun has arrived in the Pacific Northwest!