Thread by @HouseHunter216

Ok...Probates...A trillion dollar market and how it can explode your real estate business...A Thread💎💎
#30DaysofThreads

First, what is “probate”...it simply the legal term to describe the process of gathering the assets of a deceased person to pay debts...

Important Terms...🧐
✳️ Estate- property/assets of individual
✳️ Decedent- person who died
✳️Executor- person named in will to manage the Estate
✳️Personal Rep- person representing estate before official appointment
✳️Beneficiary- person who receives assets from will

Each state has their own specific probate laws, but the process is generally the same.

If you die intestate, your estate has to be settled via the courts (probate)

🌀Intestate- no will
🌀 Testate- will

There are 3 Main Probate Phases

1. Verification/Appointment
🔺 Case is filed and Will is admitted to court for verification. Someone is appointed Executor, they get a certificate of authority (pic below)

2. Administration
🔺 All debts/assets must be researched and satisfied sometimes by liquidation of assets.🏡👀
All heirs must be contacted...”aye grandpa died you’re entitled to ___”

(They go thru all your bidness...bank accts, property, valuables, etc...and pay whoever you owe

3. Distribution
🔺 After all debts are paid, the rest of the Estate is distributed to heirs/beneficiaries according to the will or based on law if no will. The Executir must then submit an accounting to the court of what happened with the Estate.

Aight...so now you wanna know how you can take advantage as an Investor...

FIRST! Ensure the PR has been granted permission to manage the Estate (you need to SEE the Cert of Authority)

You can purchase the property at this point...

This is where the Probate Leads that I have come into play...The list gives you...
☑️Decedent
☑️Property Address
☑️PR Contact Info
☑️Attorney Info

The idea is to hit the attny up and get them to warm transfer you to the PR in case they need/want to sell🏡🏡
(most of them do)

This process takes time and its a delicate situation, for me abt average 3-4mos to close but Im making double my average spread and opportunities to acquire nice properties at a discount.💪🏾

I would not necessarily recommend this lead type for newbies...finesse needed

Im going to open up 3 more spots to the Probate Training for Blacker Friday
🏡 20 Probate Leads (Cuyahoga County)
🏡 4mos Training w/me (classes,calls, etc)
🏡 Scripts for attorney/PR
🏡 50/50 split on closed deals

➡️$1K⬅️
*NO Newbies...(i’ll know😏)

FYI No shortage of leads💪🏾

If you’re interested...
🔷follow @SuckaFreeO and @wakandito
(They’re already in the training)
🔷 DM me (be ready to make your move)