All Forum Posts by: Ruben Torres

Very interesting thread. I'm currently dealing with my first probate lead right now. Owner left no will so the mother is getting the property and wants to get rid of it. Still in the early stages. I think this is something I can possibly focus on. A lot of seasoned investors made some good points about if there are hurdles and hiccups along the way... then that means there are lazy people out there not willing to take the time to do it.

 Kris, your post is very much appreciated. I do understand that and I am willing to learn it all. I have gone to the courthouse and wrote down the executors name, now I just need to get in contact with them. I do also see you work with probates as well. I was hoping we can get on a call so I can dig in your head a bit. If not, I understand. I appreciate the guidance

@Ruben Torres @Guy Olds is correct. If there was some easy way to do it then there would be multiple people working probates in your area. I feel that the additional "speed bumps" will give you an advantage because most people are kind of lazy. Learn your county and state laws, put systems in place to keep consistent marketing going out, and finally become the expert and go to option for sellers. Taking over a niche takes time and persistence. 

@Ruben Torres  I applaud your desire to "take over probate" in El Paso. That of course won't be so easy. You will need to understand the probate process in Texas and how it's applied in your county. You'll also have to be the expert in probate terminology. Based on your original post you've got a lot of research and studying to go.

Probate is a very time consuming niche to get leads. If you want to "take over" probates you will have to become the expert probate problem solver. You will want it to be difficult to get leads as a barrier to entry from other investors. Learn how to pull current probate cases from your county courthouse then hire someone else to do it if it's a time burden to you. Don't hope for the easy way out like a list broker because then you'll have competition.

Also know that most likely it will be the most difficult real estate investor niche to work in.

Good luck.

Interesting strategy @Ruben Torres, I'd have to say that it would definitely be more motivation to get your offer in front of the seller and weigh it more heavily.

Ruben, can you expand on why you want to work with each individual listing agents rather than having your own buyer's agent?

@Ruben Torres pick up the phone and call the listing agent tell them what you want to offer and let them write up the offer. While you are on the phone with them ask for their email address and send them your proof of funds. 

Or do it the easy way and get a buyer's agent and let them write all of the offers and send them into the listing agents. Usually, any additional offer requirements are in the Agent Only portion of the MLS listing.