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All Forum Posts by: Atchut Neelam

Atchut Neelam has started 15 posts and replied 157 times.

Post: New Member Intro

Atchut NeelamPosted
  • Real Estate Investor
  • Minneapolis , MN
  • Posts 169
  • Votes 32
Ashish Good luck for your exams

Post: Buying probate property - How to execute?

Atchut NeelamPosted
  • Real Estate Investor
  • Minneapolis , MN
  • Posts 169
  • Votes 32
Listing agent and title company should be able to provide all info Required. Another avenue is to search in public records section of county clerk website. They offer name search and document search. It's a good start but may not be enough as huge investment is associated.

Post: How big is age of property a concern?

Atchut NeelamPosted
  • Real Estate Investor
  • Minneapolis , MN
  • Posts 169
  • Votes 32
Hi Rajeev My experience of buying an old property -100 yrs old one is not great. High on repairs and many regulations to comply. Thanks

Post: RE: Hard money loans

Atchut NeelamPosted
  • Real Estate Investor
  • Minneapolis , MN
  • Posts 169
  • Votes 32

yes you can do that. 

Post: Real Estate Investors: What does a day in your life look like?

Atchut NeelamPosted
  • Real Estate Investor
  • Minneapolis , MN
  • Posts 169
  • Votes 32

Finding deals, analyzing , follow up, arranging/managing finance, networking 

Post: Best marketing response rates

Atchut NeelamPosted
  • Real Estate Investor
  • Minneapolis , MN
  • Posts 169
  • Votes 32
Good question It depends one what you are marketing for, how you are marketing, and what filters are used in researching your leads. More we research and refine out research criteria the better are results. For example marketing Probates has relatively lower response rate when compared to marketing for Probates leads with RE.

Post: buying with cash vs borrowing

Atchut NeelamPosted
  • Real Estate Investor
  • Minneapolis , MN
  • Posts 169
  • Votes 32
It depends on your objectives. Way I see it. Short term flip - I use cash Long term buy and hold - I borrow Long term with too much as disposal - I buy cash.

Post: probates

Atchut NeelamPosted
  • Real Estate Investor
  • Minneapolis , MN
  • Posts 169
  • Votes 32
Originally posted by @Robert Davidson:

One big reason US Probate Leads provides all probates is because there are other people/groups that want the entire list. Investors are actually a small group. The major group is bonding companies that want to market bonds to the Personal Representative. Courts require that the Personal Representative post a bond so the estate is protected. Only if the will names someone as Personal Rep AND states that no bond be required will a bond not be demanded by the court. Bonding companies do not care if there is real estate or not.

 Hi Robert

Its news to me that bonding companies are interested in probates leads. Interesting to know they do not care if RE is associated or not. Thanks for sharing this info. 

Thanks

Atchut 

Originally posted by @Brandon Turner:

Today I'm excited to announce that BiggerPockets has officially crossed the 200,000 member mark! 

This is a really incredible milestone and I'm so happy to be able to hang out, help out, and learn from the members here on BiggerPockets... all 200,000 of you!  Keep rockin' it BP! 

(P.S. Keep telling your friends... I want to see 1,000,000 members by next year!) 

 Hi Brandon, 

Congrats. Thanks for creating this knowledge platform. 

Thanks

Atchut 

Post: probates

Atchut NeelamPosted
  • Real Estate Investor
  • Minneapolis , MN
  • Posts 169
  • Votes 32
Originally posted by @Mark Pedroza:

@Alex Morales Try The Daily Breeze and look for "Notice of Petition to Administer Estate" or if your ever in Corte Madera/Larkspur area (Twin Cities) look for the Marin Independent Journal. Your starting point is Petition for Probate doc (DE-111) Cross reference Estate of (last name) with address, city and county of decedents residence at time of demise (death) Again cross reference this info with your title rep (property profile) to see if the decedent had real estate. If your ever in the city of Martinez (Contra Costa county) you can scan/research file #P97-00727 Estate of Pedroza. I don't remember signing off on probate documents except for Request for Special Notice (DE-154). Drive time from Sac county to 625 Ward St. was time consuming and I needed to know what was going on with the case file.

Yes "dad" had additional property in San Francisco (1182-1184 Treat St) and using I.A.E.A without court supervision but with Notice of Proposed Action (DE-165) Treat St property sold for a screaming/yelling 1997 price of $255,000.00.!!!

Rick did you faint/up chuck??

With all new endeavors (r.e) this may first be overwhelming to you but take small steps and don't worry about Guru's and competition and be careful if your going to purchase "probate leads".

Mark

(N-CA)

Sac/Placer counties

 Your posts is very informative. Its shows your expertise. Thanks for sharing.