Deeds from the Dead by Preston Ely. Real or scam?

[tbodley74]

Has anyone heard of this guy? I was watchig a video of him talking about this so called big discovery to make huge sums of money from what he calls Deeds from The Dead.  I need someone to take a look at this and tell me if this guy is bogus or is anything he say is true.

Take a good look for yourselves>> http://deedsfromthedead.com

[Gold River]

Hi,

    Tbodley do you think this guy is making money from the dead? Is everyone dying to see him? Do you think he's buying real estate from the dead? Dead men tell no tales! Do you think there's something rotten about this? As they say "Bury the dead, they stink up the place!

I heard this guy has something to do with the dead! Maybe he's an undertaker? It is of course close to holloween!!!

Is it real? Or is it memorex?


          GR

[tbodley74]

Huh? Who is John? Anyway, he is talking about making money from probate investing. If you looked at the link I provided, you would be able to read about all that he is explaining. The deed from the dead is his twist to scare people into being aware of the reality that is going on in this country, especially in the real estate markets. I just wanted to know if all this talk is fact or fiction about how to make money in probate investing.

Hi,

    John do you think this guy is making money from the dead? Is everyone dying to see him? Do you think he's buying real estate from the dead? Dead men tell no tales! Do you think there's something rotten about this? As they say "Bury the dead, they stink up the place!

I heard this guy has something to do with the dead! Maybe he's an undertaker? It is of course close to holloween!!!

Is it real? Or is it memorex?


          GR

[Brian(MD)]

I have followed what Preston does, I do know for a fact that he was a hardcore wholesaler in Florida. Now it seems that he has turned into a professional salesman. I'm sure he still does a deal here and there but probably now as much as he used to. I know he's not a scammer, I've heard nothing but great reviews about his past Probate course and other courses, not sure about this new stuff though.

[tbodley74]

This is just what I needed to hear. His latest course of probate is selling for $97 bucks and I wanted to know if it is worth spending money on.

I have followed what Preston does, I do know for a fact that he was a hardcore wholesaler in Florida. Now it seems that he has turned into a professional salesman. I'm sure he still does a deal here and there but probably now as much as he used to. I know he's not a scammer, I've heard nothing but great reviews about his past Probate course and other courses, not sure about this new stuff though.

[Brian(MD)]

I believe his older course is called "Probates by Preston" You should get some reviews from google.

[tbodley74]

Does that older course still cover all the necessary information about probate investing? He talks about this new Deeds from the Dead course is a course that hold nothing back about probate investing.

I believe his older course is called "Probates by Preston" You should get some reviews from google.

[javipa]

I really like Preston Ely.  He is more the salesman-half of his wholesaling business, but don't let that bother you.  The material is the material regardless of what Preston's doing right now.  The laws haven't changed; sellers still die; the relatives still want to dump grandma's house for cash.  It's just the law of real estate investing.

I don't think the newer material is available in physical form.  Many course sellers are discontinuing hard copies of their products, because they are so expensive to produce and handle. 

I got the same promo as you tbodley and it's a great sales pitch.  However, the $97 is just the core product.  There's up-sells beyond that.  However, he's got a great refund policy on everything, so there's just really no risk with him.  If you've got the $97, you should just go for it.  If you can't do anything with it, or there isn't a nugget that will not make you 20x's that amount, cancel, and get a refund.  I offer that same thing myself.

GR, you are hilarious...!    I think a great name would be "Equity Stripping The Dead" 
 

[tbodley74]

To me, he came off as a guy who tells all there is to know about probates. I just spent most of my money on paying some bills, so I don't have it right now. I also found another guy who specialize in probate investing. His name is Ernie Vargas.

I really like Preston Ely.  He is more the salesman-half of his wholesaling business, but don't let that bother you.  The material is the material regardless of what Preston's doing right now.  The laws haven't changed; sellers still die; the relatives still want to dump grandma's house for cash.  It's just the law of real estate investing.

I don't think the newer material is available in physical form.  Many course sellers are discontinuing hard copies of their products, because they are so expensive to produce and handle. 

I got the same promo as you tbodley and it's a great sales pitch.  However, the $97 is just the core product.  There's up-sells beyond that.  However, he's got a great refund policy on everything, so there's just really no risk with him.  If you've got the $97, you should just go for it.  If you can't do anything with it, or there isn't a nugget that will not make you 20x's that amount, cancel, and get a refund.  I offer that same thing myself.

GR, you are hilarious...!    I think a great name would be "Equity Stripping The Dead" 
 

[Gold River]

Hi,

    Sometimes I just can't help myself, it was perfect timing considering Haloween is days away, and sometimes my twisted sense of humor get's the best of me!


           GR

[Bay Area Brian]

t

Don't know what state you in, or if your in one, geographic usa that is. Yes probate can provide good leads and the last year it has been the greatest buzz word to sell new programs.

I got involved in probates years ago and if your going to pursue them
as a investor, it is work because most of them will list with a realtor and go for a retail price, the ones motivated to sell to investors in general have title problems or are fixer uppers, family wars due to multiple heirs, etc. and the agents really don't want, those are the ones your looking for. Of course once in a while you can snare a decent one which is my main goal.

One good thing is it will be a source of business that never ends and should grow as the baby boomers start meeting the morticians. Any way check the net such as e-bay to find cheap used courses to get a probate foundation. Or just start on them now and learn as you go.

[tbodley74]

I live in Alabama.

t

Don't know what state you in, or if your in one, geographic usa that is. Yes probate can provide good leads and the last year it has been the greatest buzz word to sell new programs.

I got involved in probates years ago and if your going to pursue them
as a investor, it is work because most of them will list with a realtor and go for a retail price, the ones motivated to sell to investors in general have title problems or are fixer uppers, family wars due to multiple heirs, etc. and the agents really don't want, those are the ones your looking for. Of course once in a while you can snare a decent one which is my main goal.

One good thing is it will be a source of business that never ends and should grow as the baby boomers start meeting the morticians. Any way check the net such as e-bay to find cheap used courses to get a probate foundation. Or just start on them now and learn as you go.

[cindydm]

My family and I went through probate. When probate cases are filed they can be found on the probate court website. Check the obituaries. Then go to the office of records in your county and search property records in order to determine if the decedent owned any property. I know when we went through probate, we were flooded with investors sending letters saying they wanted to buy the house.

[javipa]

Bay Area Brian,

I like what you offered about probate.  I got all excited about probate investing many years ago, too.  What I found was that regardless of the niche it always takes work to find that 1% that fit my program. 

As you inferred, 90% of the so-called prospects really are not prospects.  Of the ten percent that remain, only 1% of those is gonna bite (assuming we're shot-gunning every "dead-Grandma-in-probate" family in our farm).

BUT, becoming a specialist ...willing to put a laser focus on the 1% that will dump grandma's house, and looking past the trash prospects, raises the closing rate substantially.

You hit it on the nail-head about having to sift to the ones that the Realtors don't want to mess with.  I think that's always the truth, regardless of the niche.  Agents hate problem properties.  However,  enough of them take on iffy deals, that I have a constant stream of Sub2 prospects calling me out of frustration with their "lazy" agent.

My very best Sub2 deals come from prospects who've been worked over by an agent that sat on his butt during the listing period, because he's trained to get listings, not sales. 

Frankly there's a lot more "frustrated" Sub2 sellers, than there are frustrated probate ones.  As a result, I can make much faster money (and more of it) with the same effort focusing on "dead escrows" instead of "dead people."

I'm sure you agree that once we've discovered the profile of the most motivated sellers in our niche our closings skyrocket, because we know who to focus on and who to ignore.  Wading through too many unmotivated sellers wears me out.

Great post. 

[tbodley74]

I was lucky enough to get some money to purchase Preston's course. Listening to the course CD's, I discovered something greater than checking the obituaries and going to the office of records. I discovered ProbatesDaily.com. They have people go out and get current weeks probates for you with real estate listed in the probates. I had one of their people call me to see if we can get everything set up to get me the list of probates for a cost that was more than I can pay. Lucky for me the guy was willing to negotiate a price I can pay to get me started. When I am able to scrape up some cash, I am getting my probates the easy way by using Probates Daily.

My family and I went through probate. When probate cases are filed they can be found on the probate court website. Check the obituaries. Then go to the office of records in your county and search property records in order to determine if the decedent owned any property. I know when we went through probate, we were flooded with investors sending letters saying they wanted to buy the house.