Great way to generate some CAPITAL as a newbie

[Nick J.]

I think most seasoned investors will agree that you need SOME money starting out. Most of those 'get rich quick w/ none of your own money' crap is easily bought into but no real substance. As a few days ago I've started doing Probates and stopped marketing for pre-foreclosures. An individuals blog post was forwarded to me for something else, but reading through he mentioned of a way to make some extra capital that made sense to me, I'd like to share that here for new guys/gals that have no money and would like an 'actual' way to make at least a few bucks ( you won't get rich, but it will help with initial marketing costs, or a way to pay for a course/program/book etc...)

Selling probate leads!

Most investors/Realtors will pay for leads, think about it, we do it all the time, I pay bird dogs for leads that pan out and Realtors will pay for listing leads all the time, why not use that?

So I decided to do it myself and see if was applicable before I decided to post here to help with the newbies.

So I had contacted a few agents that I know and told them I'll be getting some probate leads and selling them for $20 a piece. They all said, "I'll buy a few". One of them told me he'll buy every one of them for $20 (this got me thinking, I should be charging more since he was so eager to pay $20)

I decided this, $20 a piece with a minimum order of 10, that equals $200 for you math guys :mrgreen: . Think about that guys/gals, you can actually make $200 just going down to the courthouse and pulling recent probate files and selling those to Investors/Realtors.

That got me thinking of more step, which I haven't been able to exercise just yet, but I'll be sure to update as soon as I do. Now as an investor I or we obviously want a significant discount right? but what about those that don't want to sell for a discount?................I understand Mr./Mrs. seller (the estate rep) I know a really good Realtor that I can refer to you, why don't I just have him/her give you a call to help you with that?

Now thats a hot lead and it's worth at least $100 or even $200 to a Realtor. This will be a way to generate income in ways that you might not thought possible before, and instead of losing the lead b/c they don't want to sell for a big discount, at least you can make a few bucks that will cover more marketing costs for yourself.

now your market will obviously be a little different, but the point is for those of you that do not have any money at all and could use a few extra bucks to get your own marketing going, this is a very real and very viable source of some extra income.

I hope this helps

[Nick J.]

Go down to the courthouse yourself, it's worth the time and money if your just getting started.

not all probates will be in the newspaper, not all obituaries are published and as far as the legal paper, You'll get the 'Notice to Creditors' from those, but if you get what you need to get from the representatives petition before anything is published, then your 1 step ahead of everyone else who does it the same way you just described.