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Probate

Property Examples

In 1992, using the “Diamond Farming” system my investor and I earned $121,350 on 6 probate buy/sells within 18 months in the SF Bay Area. Now you can Learn to do the same! We now average $40,000 per buy/sell.

In my “DIAMOND FARMING” program I will show you, STEP BY STEP, how you can earn thousands buying, selling or listing PROBATES as an investor, agent or both.

Level 1 Transactions

$28,000 Profit in 30 days!
Level 1 Purchase in San Leandro.
This was a true Diamond for us. I found this Probate from an owner who was living in New Mexico. His wife had passed and he was going through probate but hadn't lived in the house for over 10 years. I purchased the property for $117,000, then contacted the long term tenant and told him that I was going to resell the property and would he be interested in buying. I showed him how to buy it with a zero down payment and resold it to him for $145,000. We earned $28,000 in 30 days. The owner cashed out, and the tenant became a homeowner with less than $3000 out of pocket. We sold it to him for about 10% under market so he had instant equity. We all came out good on this Level 1 beauty and so can you if you know the secrets!

My partner and I purchased this probate and on the day we closed escrow, I received an offer which netted us $65,000. My partner made a 62% return on his money within 45 days. We earned more on this probate than the average agent makes all year.

This Level-1 probate my partner and I purchased for less than 80% of market value. Our profit was $18,000, and it all took less than 90 days. Local agents, buyers and other investors didn't even know the house was available until after we closed and put it up for re-sale.

Here's another fine example of a big payday from Probate Real Estate. This home never hit the market until my partner and I owned it. It sold within one week and earned us $23,000. The only other people who even knew the house was available were the heirs and the attorney.

Plus! These properties were in good shape. We didn't do any cosmetic improvements or repairs. Compare this to the foreclosure properties you are use to!

Level 2, 3, 4 and 5 Transactions

This was a Level-2 Transaction in which I earned a $7,600 commission by listing and selling the property itself. I couldn't buy this property at the price I required to earn the minimum Level-1 profit I wanted, so I listed the property and sold it to a buyer from my probate buyer's bank. Investor's Level-2 transaction enables you to assign your contract to another buyer who is willing to pay more. You earn an assignment fee without even closing the sale!

This was a Level-3 Transacation, I could not buy at my price, so I listed the property. Unable to sell it myself, I earned a 3% commission as the listing agent while another agent sold it. If you're an agent you need to know how to do this. You are missing $ thousands in commissions. 99% of agents never even know the property is going to be sold until it's to late.

This was a Level-4 Transaction, my last chance to make some money on a Probate. Through my tracking efforts, I found a buyer for this home and overbid the original offer at the court confirmation hearing. The original bidder lost his purchase because he didn't know how to protect his low price offer and keep it out of court. He should have read my book! $52,000 Profit in 60 days!

$52,000 Profit in 60 days!
Level 4 in San Leandro.
This probate was purchased by a friend of the neighbor of the deceased for $205,000 and was going to court for confirmation. Through my research I knew this was a good one, all the Indicators that I teach you to look for were present. I checked the file, found all the terms, checked the exterior of the house (roof, foundation, etc) and determined the price we would bid to. In court we surprised the purchaser when the court asked if there were any other bidders. The estate attorney's real estate agent, who received all her probate listings, was there with an invester to overbid in court. He and his investor, both of whom knew me, were very surprised to see me stand up to bid when the court administrator asked for other interested parties. Bottom line, we purchased the property for $228,000, and resold it for $280,000 sixty days later. We did no work on the property as it was in top shape. The original bidder lost the house at a price he could have purchased it for if he had known how to keep it out of court. In addition the attorney's real estate agent lost a commission as he didn't have the listing, and finally the investor, who probably felt he had a lock on the property, walked away with nothing. Again a great example of no one knowing how to do this, EXCEPT ME! $52,000 GROSS PROFIT!.

$52,000 Profit in 60 days!
Level 4 in San Leandro.
This one took some time to get into escrow but what a find. The executor was in Arizona, had an attorney there and one here locally who was a jerk. I dealt with the executor, made a friend and showed him my expertise in probate real estate. We purchased this probate for $225,000 in April of 2001, and were actually going to keep it because it had a potential lot split. We sold it for $315,000 "As-Is" and realized a $60,000 profit after renting it out for 8 months and spending a little money fixing it up.

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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."