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"How To Buy Probate Homes"
Written exclusively for RealtyTrac
- Author: Lance Young
- Course Format: eBook download
- File Format: Adobe PDF
- Pages: 123
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About the “How to Buy Probate Homes” eBook
Very few people know that it’s possible to buy probate houses at bargain basement
prices. Even fewer know the exact steps to take to make money with them. Get Lance
Young’s clearly laid out instructions and you’ll have next to no competition!
The information included in this title – in addition to your RealtyTrac subscription
– will give you the competitive edge over less knowledgeable buyers and investors.
Topics:
- Simple methods for finding probate houses - so easy it takes less than 10 minutes
a day.
- Sample letters you can mail to probate heirs so they will contact you, ready to
sell.
- Proven methods for finding investors who are ready to buy.
- Easy-to-use formula for calculating the profit potential before you commit to
buying it.
- Techniques that give you the upper hand in negotiating with heirs.
- Surefire ways to recognize the best probate houses from those that spell trouble.
Why sit on the sidelines while others are enjoying the best life has to offer? This
title is one of several new titles in RealtyTrac’s series of instantly downloadable
eBooks. Invest for profit with these powerful resource materials.
For the best value and savings, order the complete "How to Buy" Real Estate Investing
eBook Series - four eBooks for one low price - and you’ll also receive the
"How to Buy" Property Liens eBook as a bonus ... FREE!
Click here to view the complete series.
About the Author
Lance Young's expertise in real estate investing is grounded in more than 17 years
of independent real estate deals and mentoring of novice investors.
His first success came with buying and selling preforeclosure houses. Later, he
made tremendous profits in the probate house market.
In 1996, Lance wrote down what he had learned in a one-of-a-kind, step-by-step program
for beginners and seasoned investors that shows how to make money buying preforeclosure
and probate houses. His investing techniques require just a $10 contract deposit
and 10 hours a week finding the most profitable opportunities. Testimonials from
his students show that with no experience, people have made first-time profits of
$11,000, $31,000 and even $80,000 just by following his simple guidelines.
Lance Young has shared his simple, yet powerful investing methods with thousands
of students while continuing as an active investor himself. His motto is: To teach
others to become successful, you must be active and practice what you preach.
Table of Contents For “How to Buy Probate Homes” Standard Edition
Introduction .........................................................................................
1
Chapter 1 .............................................................................................
2
What Is Probate?
What If A Person Dies Without A Will?
How Long Does The Probate Process Take?
Executors And Personal Representatives
Exercises
Words & Terms
Chapter 2 .............................................................................................
6
How You Can Make Big Profits With Probate Houses
Why The Heirs Would Sell You A Probate House At A Deep Discount
Finding The Money To Buy A Probate House
Exercises
Words & Terms
Chapter 3 .............................................................................................
9
Equity And Why It Is Important
Examples Of Equity
How To Determine The Amount Of Equity In A Probate House
How Much Equity Should A Probate House Have?
Exercises
Words & Terms
Chapter 4 .............................................................................................
13
How To Find The Fair Market Value Of A Probate House
The Multiple Listing Service And How It Can Help You
Why Real Estate Agents Are So Important
How To Find A Good Real Estate Agent
Exercises
Words & Terms
Chapter 5 .............................................................................................
27
Types Of Probate Houses You Should Look For
Why Location Is So Important
Exercises
Words & Terms
Chapter 6 .............................................................................................
35
An Easy Way To Find Houses That Are In Probate
Documents To Look For In A Probate File
Examples Of Probate Documents
What To Do If The Probate Files Are On Computer
More Ways To Find Probate Houses
An Important Tip For Beginners
Exercises
Chapter 7 .............................................................................................
45
A Very Effective Letter
Chapter 8 .............................................................................................
47
How To Save Time By Screening Executors
Exercises
Chapter 9 .............................................................................................
51
Inspecting Probate Houses Inside And Out
Exercises
Words & Terms
Chapter 10 ...........................................................................................
62
How To Calculate Your Profit Before Making An Offer
Exercises
Words & Terms
Chapter 11 ...........................................................................................
68
Making The Offer
Chapter 12 ...........................................................................................
74
How To Write A Contract On A Probate House
Three Special Clauses To Include In Every Contract
Get Your Real Estate Agent To Help You
An Example Of A Contract
Always Buy Title Insurance And Hazard Insurance!
Exercises
Words & Terms
Chapter 13 ...........................................................................................
89
Foolproof Ways To Make Your House Look Its Best
A Checklist Of Things You Should Do To Every House
Exercises
Words & Terms
Chapter 14 ...........................................................................................
96
Sell Your Probate Houses Quickly For A Fast Profit
Listen To Your Real Estate Agent!
Exercises
Words & Terms
Chapter 15 ...........................................................................................
101
How To Get The Money Needed To Finance Your Real Estate Deals
Finding And Using A Money Partner
How To Deal With Banks
Exercises
Words & Terms
Chapter 16 ...........................................................................................
114
How To Make Fast Money By Flipping Your Probate Contracts
Writing An Agreement With The Investor You Are Flipping To
Exercises
Words & Terms
Chapter 17 ...........................................................................................
121
Getting Started Right Away -- 4 Easy Fast Start Steps
Conclusion ...........................................................................................
123
Table of Contents For “How to Buy Probate Homes” Condensed Edition
Introduction ..............................................................................................
1
How I got started with probate houses and how you can too
Chapter 1 Fundamentals of Probate ........................................................
2
What is probate?
What if a person dies without a will?
How long does the probate process take?
Executors and personal representatives
Chapter 2 Keys to Big Profits With Probate Houses ................................
5
How you can make big profits with probate houses
Why the heirs would sell you a probate house at a big discount
Chapter 3 Understanding Equity .............................................................
6
Equity and why it is important
Examples of equity
How to determine the amount of equity in a probate house
How much equity should a probate house have?
Chapter 4 Market Value & Listings ..........................................................
9
How do I find the fair market value of a probate house
The Multiple Listing Service
Real estate agents
Chapter 5 Probate Houses You Should Look For ....................................
14
Types of probate houses you should look for
How important is location?
Chapter 6 An Easy Way to Find Houses That are in Probate .................
17
An easy way to find houses that are in probate
Documents to look for in a probate file
What to do if the probate files are on computer
Important tips for beginners
Chapter 7 Contacting Executors .............................................................
23
Chapter 8 How to Save Time by Screening Executors ...........................
24
Chapter 9 Negotiating With Executors ...................................................
26
Making the Offer
Chapter 10 The Contract .........................................................................
30
How to write a contract on a probate house
Three special clauses to include in every contract
Get your real estate agent to help you
Always buy title and hazard insurance
Chapter 11 Sell Your Probate Houses Quickly for a Fast Profit .............
33
Chapter 12 How to Get the Money to Finance Your Real Estate Deals ... 35
Finding and using a money partner
How to deal with banks
Chapter 13 "Flipping" Real Estate Contracts ..........................................
39
How to make fast money by flipping your probate contracts
Conclusion ................................................................................................
41
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