“Probate Real Estate FAQ’s #2!”

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.

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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!

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