Do any of you specialize in probate properties? What has been your experience with them? What kind of advise would you offer a new investor who would like to specialize in this area? I am interested in locating properties like these, getting them under contract, and then assigning them to investors.
Most want to much for their houses, a few will actually be motivated and that’s who want to go after. The others that arent motivated may call you in a year or 6 months or whatever and then you can work those deals at that time.
Get in front of these sellers and start getting your feet wet in talking about their house.
Nate-WI
I work probate properties on and off. To locate properties I use the county surrogate’s office to research recent deaths. I generally try to find decedents who lived alone in the property (no surviving husband or wife) in my target areas. I generally send a letter to the executor of the estate as well as other estate beneficiaries mentioned in the will.
jmd_forest