Browsing all articles from April, 2009

Some of you may be wondering about how others are doing in the Probate arena so here’s a note I got this past week.

Hey Ron-

I bought your Probate book in Nov. of last year because I thought you sounded honest and it was cheap. It took me two months before I started mailing letters and at first I didn’t get much. Then I started getting results and looking at houses. My third house I looked at the guy accepted my offer. I didn’t have any money so I talked to my uncle and he said he would loan me the money for a few months if I would pay him interest so I did. Now I have a buyer for the house and after I pay my uncle back and the extra interest, I will still make $11,000. This helps so much because I have been laid off and now we will have money. You can use this to tell others so they can do it too. Also thank you for your emails. Sometimes they are very long but I always like them because they sound like you are a real person talking right to me and are very interested about my success so I read everyone of them and save them too. Don’t stop sending them as they really help me. Thank you for writing such a great book.

Frank
Texas

Well Frank, thank you very much for your kind words. I really appreciate them.

One thing I hope you caught is Frank’s financing method. He found private money.

I have used this method for most of the deals I have done and I would encourage you to do the same.

In a couple of weeks, I’ll be showing you the details on how to structure these deals to make this work for you.

On a different topic, as part of my mind conditioning program, I was re-reading “Think and Grow Rich” by Napoleon Hill last week and one idea struck me that I believe you can benefit from.

In chapter 9 on Persistence, Mr Hill says there are four steps which will lead to the habit of persistence, which he states is essential to financial success.

The necessary steps are:

1. A definite purpose backed by a burning desire for its fulfillment.
2. A definite plan, expressed in continuous action.
3. A mind closed tightly against all negative and discouraging influences, including negative suggestions of relatives, friends and acquaintances.
4. A friendly alliance with one or more persons who will encourage one to follow through with both plan and purpose.

Mr. Hill goes on to say that these four steps are essential for success in all walks of life.

The reason I mention this to you today, if you notice in Frank’s note, after buying my book (that’s step #2, he had (bought) a plan) he took continuous action that lead to results.

Now I don’t know if he had any negative influence but I would be surprised if he didn’t because almost anyone who starts something new to improve themselves will receive criticism from someone who is friend or family. For some reason they always want to drag you down.

Don’t let them do it……Keep your dream alive, stay persistent.

If you have elected to work in Probate Real Estate as Frank has, stick with it. It’s a proven plan that works…..we just don’t know exactly when your results will occur but they will.

If you are working on a different dream, Hill’s plan still applies.

Stick with it.

YOU WILL SUCCEED!

Now for those of you that have been with me for the past few months know I spend a lot of time on what I call mind conditioning and I encourage you to do the same.

This is especially important with all the negativity floating around in our lives today.

I have told you in the past about the “Think Right Now” programs and I will encourage you again that if you are not receiving their emails , you should be.

Here’s where you can sign up:

http://www.thinkrightnow.com/cmd.asp?af=857479

You don’t have to buy a thing to benefit. Just start getting Mike’s mails and see the changes.

For those of you who would like to find out more about the “cheap” book Frank used for his plan, here’s where you can get some more info:

http://www.BuyProbateProperty.com

Looks like spring has really arrived here in the Pacific Northwest so we’re getting outside today.

“Hello Mr. Mead, this is your lawn mower speaking. How ’bout we spend some time together?”

Each week someone will ask me a question about my Probate training course vs. one of the other more expensive courses.

Now the person asking won’t come right out and say it but I can generally read between the lines.

“How can your training possibly be as good as the one’s costing $750-$5000?” they are thinking.

Well, I’m sorry to say my answer is “It’s all in the marketing!”

You see those of us who teach Probate investing know it’s a very simple and easy process.

As a matter of fact, bottom line is you only need to do four basic things.

*Find the name of the deceased
*Determine if they owned real property
*Locate the name and address of Personal Representative of the Estate *Mail them a letter to see if they might have any interest in selling quickly.

http://www.BuyProbateProperty.com

That’s it. End of story. That’s the Probate business in a nutshell.

Would it make sense to you that if I could explain how to do each of these steps quickly and efficiently, you might not have to spend an arm and a leg to learn it?

That’s sure the way I think.

So that’s the approach I have taken.

I’ve boiled my 13 years of experience down to it’s nuts and bolts and I deliver it to you quickly and efficiently.

You can get it electronically as a digital download, have me mail it to you as a hard copy or get my most popular version as a DVD seminar…..all at rock bottom prices.

Want to read more about each of these options and see some actual deals I’ve done?

http://www.BuyProbateProperty.com

By the way, did you notice step four said to mail them a letter to see if they might be interested in quickly selling to you?

No matter which format you choose, I send you as a bonus the exact letter I send out and I give you permission to use it as your own letter.

So you don’t even have to be creative…..just use the exact letter I give you.

The other question I get a lot concerns making the choice between doing short sales or Probate.

Now right now, short sales is getting a lot of pub, isn’t it?

But, I’m sure you know my answer right?

I’ll always recommend Probate but my reason might surprise you.

It has to do with how tough it is to do the deals.

So, in a nut shell, Probate deals are very simple and short sales are very complex.

Ask anyone who has ever started or completed a short sale and if they are honest with you they’ll tell you they earned every dollar they made. There are stumbling blocks that turn up every day and if you can’t come up with the answers, your deal falls apart.

For example, I have a friend who is a commercial Real Estate Mortgage broker who thought he could pick up some extra money on the side by working on a few short sale deals.

He worked on several over a nine month period and couldn’t close a one.

Now in the beginning, he ignored my advice and made one major mistake in my opinion. He wasn’t willing to pay to get proper training.

He thought because he was already “in the business” he didn’t need to spend anything to get trained to do things right.

Wrong!

He should have taken my advice and paid someone like Ryan Tewis to train him but he didn’t.

But what he did quickly discover was the complexity of each deal.

Lot’s of balls to keep in the air at one time.

He couldn’t make it happen.

Whereas, look at Probate…… I just showed you the four basic steps.

Once you have located a willing seller, the buying process is just like buying the house next door to you.

Basically, bring in one extra document to closing and you’re done.

Now to be perfectly honest a couple of states do require a little more documentation but not much.

So in my mind, it’s not even a horse race.

Probate wins every time!

Kind of like your very own Seabisquit!

And finally…..I know you have probably been hearing this lately from every experienced real estate investor in the world but I’m still going to join the choir.

This is absolutely without a doubt the very best time you will ever see to be investing in Real Estate.

You will never ever see the bargain prices that are available now and will be available for the next year or two.

And Probate is no exception.

Now does that mean that every estate you present your discounted offer to will accept it?

Absolutely not!

That’s just not the way it works. If it was that easy, everyone would be doing it.

You’ll need to do a little work to uncover the nuggets.

That little four letter word “work” is what keeps the club exclusive.

So if you’re willing to put in a little “Blood and Sweat”
you too can get your magic decoder ring! (and some nice money in your pocket).

Check it out;

http://www.BuyProbateProperty.com

Time for me to hit the office and lock down.

The Darling Bride, Sharon will slide a little meuslix and milk under the door every hour or two.

Maybe I need a doggie door and then I could get a Cinnabon!

I’m putting together a new book that will show you how easy it is to get financing for your Probate deals.

I’m shooting for the first week in May to make it available to my Probate subscribers.

So if you don’t already have your own personal Probate blueprint, pick it up now so when you get the financing book, you can hit the ground running.

Enjoy your weekend!

Yesterday I addressed some of the most frequently asked questions about Probate Real Estate investing.

One of them was about procedures in California.

It appears what I gave you was not current because I immediately received an email from an attorney correcting me and bring me up to date.

Since I am always striving to give you the very best and most current information to assist you in your new Probate venture, I am going to print the message exactly as he sent it.

Here’s his message;

Hi Ron:

I’d like you to know that I read your e-mail with great interest and find them very helpful. However, I must point out that I think your comment about not needing to have a probate referee appointed in California if there is a will, is incorrect. You must have a referee in either case so that the court can assess the value of the estate. The referee’s valuation is necessary for several reasons, one of which is that it is necessary to know it so that fees to attorneys and administrators can be determined. Fees are a percentage of the estate’s value.

Additionally, even though there is a referee appointed, you can still avoid the bidding process by using what is known as a ‘Notice of Proposed Action’, if the court has granted you certain powers.

Keep up the good work. You provide a valuable service.

So for those of you who live in California, there’s a little tip that can help you.

Here’s a few more questions I get quite frequently.

****************************************************************************
1. How can I purchase Probate Properties if I don’t have any money or if my credit could use some help?
Since this is my most frequently asked question, I recently wrote a second book on this very topic and you can find it at:

http://www.MakeAFlippinFortune.com.

It deals specifically with this question and also addresses other types of RE Finance questions.
2. How does your course vary from the expensive seminars I see advertised?
The procedures for investing in Probate Real estate are always the same no matter who teaches them. I have elected to deliver my system to you in the most economical method. Since Probate investing is such a specific topic, the methods of locating the properties will always be the same. This is such a unique market, that none of us that teach about this subject have any secrets the others don’t know about. It really boils down to two questions. How do you learn best and how much are you willing to pay. If you will do some research on the internet, you will soon find out which courses are well thought of and which ones are not. I guess this probably gives you a little hint as to where I rank or I wouldn’t send you there, would I? I will tell you that my “Seminar-in-a-Box” is consistently ranked as the #1 product by those who teach real estate investing.
3. Do I have to go to the Courthouse to do my research?
Since this is a States Rights issue meaning the federal government does not have jurisdiction over any Probate court, each of the 3077 counties have developed their own system for handling Probate so it’s not possible for me to know exactly how your particular county works. What I give you in the book is the various methods that I know of and you need to determine which one applies to your county. Research at the county court house is always the default method. I rarely go to the court house as I am able to gather my information from a business newspaper that I have delivered to my office.
4. Can I get my Probate information on line?
See question # 5.
5. Do you provide sales contract forms?
I do not provide forms as each area of the country uses different ones. In order for you to be in compliance with your state regulations, I suggest you visit a company in your area that specializes in helping owners to sell their properties without using a Real Estate agent. The name of the company will be something like “For Sale By Owner” company. They will have a forms packet with instructions designed to make sure you are following local regulations.

The final question for today goes something like this;

“Should I buy your “31 Days to Profits in Probate Real Estate” book or should I get the “Seminar-in-a-Box” DVD series?

http://www.BuyProbateProperty.com

Let me tell you how the “Seminar-in-a-Box” came about.
I had lots of requests for me to do Probate seminars. I even had one of my students tell me that he would put up all the money to put on the seminars if he and I could split the profits. He was very confident we could make good money if I taught the course.
While I was very flattered by his offer, that was not my concern.
I wanted to keep the cost for you as low as I could and I wanted you to actually see a complete Probate transaction….start to finish.
Researching the newspaper…….locating the files at the court house……inspecting a home…..talking with the PR……I knew if I could produce a DVD series with all of these elements, that would be the very, very best learning experience you could have.
And I could provide all this at a very, very low cost.
So that’s what I did. I hired a professional production crew to follow me through a complete transaction for a couple of weeks. This crew normally produces TV commercials so the quality of the series is unbeatable.
I can truthfully say there is nothing like this available anywhere.
In addition, I also looked at everything I thought you would need to be successful.
For example, that’s why I have included a copy of the “Science of Getting Rich” in the package as a bonus.
Also, I have included a ½ hour personal coaching session with me as part of what you get so you can get your questions answered by me.
I have tried to think of everything possible that I can do to help you with your new venture.
So if I were you, I’d choose the DVD package. But for some of you, leaning from a book is just fine so as an alternative, I also offer the book in digital and hard copy format.
Whichever method you want to use, I would encourage you to get started now. I guarantee you will never see a better time for values in Probate Real Estate than right now.
Need more info on my system? Check this out;
By the way, be sure to watch the 7 minute video I have produced at the end.

http://www.BuyProbateProperty.com

Enjoy your week!

Real Estate Solutions

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