Try real estate opportunities
Of all the strategies for accumulating wealth, real estate investment is probably the most widely used. More fortunes have been created in this arena than in any other field. While many others have become rich by investing in the past, it is exciting to know that you can still do so in today's real estate market!
There are many options available to you. We have all heard of snow avalanches in the market today. There are also sales for owners, foreclosure / short sales and REOs.
Another lesser-known option is Probate Real Estate.
There are 6 million unresolved wills that remain open every day in the United States, with an estimated value of $ 600 billion. More than two million new cases of heirs open each year. As Baby Boomers get older, that number will start to increase dramatically. 60-65% of inheritance cases contain some form of property opportunity.
Within 4 to 6 months after the presentation of a testamentary case, more than 40% of the testamentary properties will be sold. Most will use conventional methods of selling because they do not know other options.
More than 20% of executors or personal representatives or administrators (whatever this person is called in their part of the country) live outside the county, and many would use local assistance if they knew it was available.
These people are more than just "willing sellers." They have inherited a property that they do not want or need, they do not need another "project" to add to their busy lives, they do not want to spend time or money repairing the property if needed, but they do want money. This is free money for them. They haven't had to work hard all their lives for it.
Now I understand that since this is probably a problem you are not familiar with, you may think it should be a complex process. But let me assure you that this is not the case. It is very simple. You only need to do four things: identify the deceased, determine if you owned the property, locate the name and address of the person in charge of the estate and send them a letter. That's it ... the end of the story. Repeat this process over and over, and you will find sellers willing to sell you for less than the total market value. I guarantee it!
If you have decided that changing real estate investment is for you, then you have taken the first step. You have made the "decision". Please do not take this step lightly. Making the decision is the most important of all steps. Let me clarify what I mean by "making the decision" because this is the biggest mistake I see that potential investors make for more visit this website http://probatecollincounty.com
They want to get involved, but they are not engaged. Do you remember the old joke about bacon and egg breakfast? The chicken is "involved," but the pig is "engaged." That is the kind of commitment you have to make to your testamentary real estate sector. You must be fully committed.
For reference, I hope everyone is aware that this is probably the best buyer market for a long time, making Probate purchases even more attractive. However, the fact is that changing room properties continue to be a great opportunity. And one that very few know.
There are many options available to you. We have all heard of snow avalanches in the market today. There are also sales for owners, foreclosure / short sales and REOs.
Another lesser-known option is Probate Real Estate.
There are 6 million unresolved wills that remain open every day in the United States, with an estimated value of $ 600 billion. More than two million new cases of heirs open each year. As Baby Boomers get older, that number will start to increase dramatically. 60-65% of inheritance cases contain some form of property opportunity.
Within 4 to 6 months after the presentation of a testamentary case, more than 40% of the testamentary properties will be sold. Most will use conventional methods of selling because they do not know other options.
More than 20% of executors or personal representatives or administrators (whatever this person is called in their part of the country) live outside the county, and many would use local assistance if they knew it was available.
These people are more than just "willing sellers." They have inherited a property that they do not want or need, they do not need another "project" to add to their busy lives, they do not want to spend time or money repairing the property if needed, but they do want money. This is free money for them. They haven't had to work hard all their lives for it.
Now I understand that since this is probably a problem you are not familiar with, you may think it should be a complex process. But let me assure you that this is not the case. It is very simple. You only need to do four things: identify the deceased, determine if you owned the property, locate the name and address of the person in charge of the estate and send them a letter. That's it ... the end of the story. Repeat this process over and over, and you will find sellers willing to sell you for less than the total market value. I guarantee it!
If you have decided that changing real estate investment is for you, then you have taken the first step. You have made the "decision". Please do not take this step lightly. Making the decision is the most important of all steps. Let me clarify what I mean by "making the decision" because this is the biggest mistake I see that potential investors make for more visit this website http://probatecollincounty.com
They want to get involved, but they are not engaged. Do you remember the old joke about bacon and egg breakfast? The chicken is "involved," but the pig is "engaged." That is the kind of commitment you have to make to your testamentary real estate sector. You must be fully committed.
For reference, I hope everyone is aware that this is probably the best buyer market for a long time, making Probate purchases even more attractive. However, the fact is that changing room properties continue to be a great opportunity. And one that very few know.
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