Real Estate Leads are Plentiful in Probate Industry

How long are probate leads viable?  When that question is posed to industry experts, the resounding answer is that they are timely and viable up to eighteen months after the filing.  The reason that probate leads last so long, much longer than comparable real estate leads, is that many times families simply aren’t ready to sell homes, vehicles, commercial property, businesses and vacation homes immediately after the loss of their loved one.  Homes may have to be cleaned out and families may need time to grieve before they are ready to sell property.  That benefits probate real estate investors as they have time to put together a comprehensive campaign and contact Executors several times over the long term.

Collecting cars is a popular hobby that many people enjoy during the weekends.  Did you know that you can turn your passion for cars into a profitable probate business?

From the newest model luxury cars to vintage “barn finds,” there are plenty of options that will help you to build your probate car business.  The reason that buying and selling vehicles

DEALS THAT YOU SHOULD WALK AWAY FROM!

Are there deals that you just shouldn’t accept?  That is a question we get all the time.  The answer is yes.  If there is a fix needed on a property that can’t be adequately estimated – such as a foundation issue or an environmental issue – it may be in your best interest to walk away.  This way you don’t have the risk of thousands of dollars in repairs that can take you from being in the black to being in the red. 

If you have been in the probate real estate industry for a while then you know there are times that commercial property comes available.  Should you take advantage of these opportunities?  Are their risks associated with commercial property?  These are just a few of the questions you should be asking before you decide to pursue this avenue.

To be sure, commercial property can be profitable.  With higher levels of rent, tenants that generally prefer not to move and fewer internal items to break at each property, commercial and business space can be a great way to profit. 

Unlike residential property, there is less wear and tear on the décor of the property as the tenant usually takes care of not only furnishing it, but providing floor and wall coverings that show off their business.  Roofs

are generally more simple in design than on a home and can be maintained easier.  A business being in one location for a long period of time means that as a landlord you will have fewer turnovers at your site.

In addition to enjoying higher rents and less upkeep, the properties are generally worth more than a single home.  There are commercial properties that can be worth millions of dollars to the right buyer if you choose to buy and sell rather than rent them out.  Or, if the area that the building is in becomes desirable for development, you may have a real estate company come in and purchase your lot and building at a premium. 

One of the major

differences in working in commercial real estate is the terms used on the sale and lease.  Rent schedules can be bit different as well, which means that it is always a good idea to have your attorney review all of the terms before you sign so that you can make sure you will be able to profit over the long term.

While there is bigger risk in owning commercial property, there is also greater reward for people who decide to go that direction.  Before you get started do your research, but know that commercial real estate – especially that gained from probate situations – can create profits that can grow your business to a significant and extraordinary level.

Today’s savvy probate real estate investors know that there are many ways to profit.  These can include everything from purchasing residential real estate to buying and selling cars to pursuing divorce leads and buying commercial property.  Diversification is the hallmark of a successful business.

One process that all of these areas of the industry have in common is the need for leads.  Without good leads, you will never know what is available on the market and may actually end up paying more than you should

for properties.  Smart investors have discovered that probate, divorce and bankruptcy leads are ones that can take the path of profitability.  In each of these cases, the people selling the items need to get rid of items, which means they may be more flexible in terms of how much they would like for their property.

bankruptcy cases can create profits.  We offer customized lead services as well as mentoring, seminars, webinars, ebooks and training to help you achieve your business dreams.

For more information on our lead service and other products, visit our website today at: