California Probate
In dealing with probate real estate in California over the last 20 years, I often have questions from my DF Probate students on how the California Probate process is different from any other State.
First, California has probably the strictest probate procedure to buy a piece of real estate out of than any other State in the Country. What I teach my out of California students is to first learn the California process my Diamond Farming Probate Investing system is based on, then once you know the procedures, it will be an easy task comparing your State’s probate process to California’s. Once you see the difference you can adjust and starting earning from probates. Of course not everyone has the patience to take the time to learn a system which may not apply to them and then the time to adjust and make it work for where you work.
My answer to those who think like this is , pass on Probate Investing and move on to the next golden goose system which are all over the internet. If one cannot or won’t devote the time to learn what it takes to earn $25K to $50K each time you do a probate flip, then save your money on any system and continue to look for that pie in the sky magic pill. I don’t want to be rude here but there was no one around when I was in the probate trenches learning by doing and losing thousands on probates where I wasn’t good enough to close on. All I had was a probate book by the one and only guy at the time (since retired) who pointed me in the right direction on what the I.A.E.A was and meant, where the probate files where kept, and how to contact the estate. The problem came once I had a lead what was I too do as far as the court procedures where concerned, and being a 13 year real estate agent investor at that time, I knew the average guy without this experience would never make this work. I saw opportunity and set out to find a system which would provide consistent income from buying and selling probates. I spent almost 2 years learning and experimenting with California Probates before my first success but I didn’t stop.
So, if I was able to find success this way, then why couldn’t those interested in this real estate niche do the same, especially when there is a probate flipping expert out there who can help you. I wish I would have had someone with my experience to draw from when I started flipping probates. It would have brought success to me much sooner plus give me the confidence that I knew where to go when I came across of problem.
In California Probate, homes are sold either through the court confirmation process (old school) or through the Independent Administration of Estate’s Act (1987) which allows the process to be streamlined. If your flipping or want a true wholesale purchase than you need to use the I.A.E.A. The problem is most estate attorneys will want the sale to go through the court supervised system and approval since in my opinion it will keep any liability off the attorney.
You need to know your State’s probate real estate sale process so if you’re going to jump into this niche, start with learning everything you can on the this process in your area. Talk with the court probate clerk and ask if there is a probate package you can access which explains the process. Talk with a Para-legal who does estates and pick their brain. Last but not least buy some time with an estate attorney and find out the process. Once you know the process you can determine how to put a plan of action together.
California probate is what I teach my DF to learn and for those DF students out of State we help them adjust. You may be in a State similar to California (I doubt it) or in a State which doesn’t really have any probate procedure for selling the real estate and you only need to be the first one there.
It is certainly worth the effort as the profits we earn average around 10% of the purchase price you pay for the probate property. For my students who work under the California Probate system, it’s a piece of cake to learn the system as I have done all the homework for you. For those out of California, I have bulletin boards and my one on one mentoring to assist them adjust to their area. Thank outside the box folks.
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Probate Information
"A new law in 1987 changed everything and is the basis of my system. I teach "5 Levels" of income opportunity for investors and or agents to buy and sell probate real estate. This system is what I do every week and most investors or agents do not have a clue how this works."
