Great video. I think so much of this is Local, or like you said Micro. I'd love to find more information about creative financing, probate trends that are in my specific state. Please continue sharing your amazing content!
Rilus cautions prospective clients NOT to rush and sign listing agreements with their Realtor friend right away. ..So how do YOU become the real estate practitioner a probate attorney/estate planning attorney trusts to handle probate real estate situations? And on the flipside, what should attorneys be doing to better bridge the gap between their clients' legal needs and real estate needs? --- This was a really fun conversation and we can't wait to have Rilus back for more. In the meantime, be sure to join the conversation in the Estate Professionals Mastermind community facebook.com/groups/estateprofessionalsmastermind and see what Rilus is up to at www.RilusDana.com
I'm an investor and my best deals have been estate sales that I found by attending yard sales! So I want to go direct to the source and get attorneys to send me problem properties.
I can see how high networth people would respond to an opportunity to meet with an attorney to get an estate plan. What about low to mid income level people? I want to bring attorneys business to help develop a referral partnership but I dont know high net worth people yet.
Find a suitable basic/cost-effective solution. Recommendations: trustandwill.com and legalzoom.com For more in depth discussion on how to do this , Our Tuesday Mastermind Call is the perfect place! Our alumnus, Bill Gross, will be sharing his proven strategies and what's worked best for him in this area. You're sure to gain valuable insights to help you move forward. register at : courses.probatemastery.com/weekly-probate-coaching-calls Join the Free Facebook Group: For even more tips and discussions, head over to our free Facebook group if you haven't joined yet. It's a great place to connect with others, ask questions, and gain additional knowledge. facebook.com/groups/estateprofessionalsmastermind additional resources : Email Bill Gross at : bill@thelaprobateexpert.com Tune in to Probate Weekly : podcasts.apple.com/us/podcast/probate-weekly/id1575381330
Chad, I beg to differ on reverse mortgage situations. In reverse mortgage situations, if no equity, heirs just let bank foreclose it. If there is equity, you can always see heirs try to sell it. At least from hundreds of reverse mortgage foreclosure cases I have seen.
@george, I've seen a ton of short sales on RMs. The lender knows they will incur additional costs and equity loss at a Trustee sale so they are willing to play ball on short sales. I didn't watch the clip and don't really remember what I said but there are outliers in every situation and I may have been referencing that. But, I agree with you, if the house has marginal or negative equity and a RM in place then 80% or more will let it foreclose...because they haven't met the right real estate professional who can facilitate the short sale.
Loved the whole buy the LLC not the property to help them avoid capital gains on the property depreciation recapture. I would like to see content regarding templates we can use for brochures or digital use. I am reaching out to probate attorneys now but feel I need to know more about the actual process and the terminology.
Are you in the EARN course? Lina Ara (attorney-turned-Realtor full time) runs through her exact strategy for finding important contacts, how to reach out, how to continuously nurture - and also provides a list of terminology Realtors should know based on her experience as an attorney. The course also has marketing templates for print marketing, but Lina's module sounds exactly like what you are looking for. If you used your full name to take Probate Mastery, I think I see you in our system, If you want to take EARN for the bundle price (you'll save $250) send us an email at support@magnumopusproject.com so we can reconcile it with your existing stand alone purchase for Mastery.
You said she wanted as much money as quickly as possible, why would she take a lease option? If the optioner exerscises the option it wont be for a few years, correct? Am i missing something because it sounds like she walks away about $12,400 day one, and gets that monthly income, but wouldnt a cash offer giver the the most and the fastest?
Also question; how can someone attack a reverse mortgage aside from the traditional listing or short sale. I came across a vacant, distressed, pre-foreclosure multifamily in my area and although the PR isn't the most responsive, I was curious about attacking this with a creative option of some sort should the PR tolerate my consistent prospecting for 5 mins to allow me a word.
@Grand Equity LLC, you're going to love the next episode of Ask The Expert (publishing tomorrow) that is all about reverse mortgages. Stay tuned for more value!!!
Take the EARN course and start earning attorney referrals now: earnattorneyreferralsnow.com/
Immense value and a lot of free game, thank you for curating the space and having these high level conversations.
Thanks Khalid, glad you got value from this. Who are the other experts you want to see in the hot seat?
Great video. I think so much of this is Local, or like you said Micro. I'd love to find more information about creative financing, probate trends that are in my specific state. Please continue sharing your amazing content!
You got it! Long time no see, Ronit!
Rilus cautions prospective clients NOT to rush and sign listing agreements with their Realtor friend right away.
..So how do YOU become the real estate practitioner a probate attorney/estate planning attorney trusts to handle probate real estate situations?
And on the flipside, what should attorneys be doing to better bridge the gap between their clients' legal needs and real estate needs?
---
This was a really fun conversation and we can't wait to have Rilus back for more. In the meantime, be sure to join the conversation in the Estate Professionals Mastermind community facebook.com/groups/estateprofessionalsmastermind and see what Rilus is up to at www.RilusDana.com
Amazing Nuggets!.. lots of Transactional Strategies!❤️the Options👍✅
Great video!! Had to save this one in my files.. keep them coming
Great session.
great interview guys. thanks
I'm an investor and my best deals have been estate sales that I found by attending yard sales! So I want to go direct to the source and get attorneys to send me problem properties.
I love this and I have heard of Pace. I think everyone has. He's all over social.. Great stuff
I can see how high networth people would respond to an opportunity to meet with an attorney to get an estate plan. What about low to mid income level people? I want to bring attorneys business to help develop a referral partnership but I dont know high net worth people yet.
Find a suitable basic/cost-effective solution.
Recommendations: trustandwill.com and legalzoom.com
For more in depth discussion on how to do this , Our Tuesday Mastermind Call is the perfect place! Our alumnus, Bill Gross, will be sharing his proven strategies and what's worked best for him in this area. You're sure to gain valuable insights to help you move forward.
register at : courses.probatemastery.com/weekly-probate-coaching-calls
Join the Free Facebook Group: For even more tips and discussions, head over to our free Facebook group if you haven't joined yet. It's a great place to connect with others, ask questions, and gain additional knowledge.
facebook.com/groups/estateprofessionalsmastermind
additional resources :
Email Bill Gross at : bill@thelaprobateexpert.com
Tune in to Probate Weekly : podcasts.apple.com/us/podcast/probate-weekly/id1575381330
Chad, I beg to differ on reverse mortgage situations. In reverse mortgage situations, if no equity, heirs just let bank foreclose it. If there is equity, you can always see heirs try to sell it. At least from hundreds of reverse mortgage foreclosure cases I have seen.
@george, I've seen a ton of short sales on RMs. The lender knows they will incur additional costs and equity loss at a Trustee sale so they are willing to play ball on short sales. I didn't watch the clip and don't really remember what I said but there are outliers in every situation and I may have been referencing that. But, I agree with you, if the house has marginal or negative equity and a RM in place then 80% or more will let it foreclose...because they haven't met the right real estate professional who can facilitate the short sale.
Loved the whole buy the LLC not the property to help them avoid capital gains on the property depreciation recapture. I would like to see content regarding templates we can use for brochures or digital use. I am reaching out to probate attorneys now but feel I need to know more about the actual process and the terminology.
Are you in the EARN course? Lina Ara (attorney-turned-Realtor full time) runs through her exact strategy for finding important contacts, how to reach out, how to continuously nurture - and also provides a list of terminology Realtors should know based on her experience as an attorney.
The course also has marketing templates for print marketing, but Lina's module sounds exactly like what you are looking for.
If you used your full name to take Probate Mastery, I think I see you in our system, If you want to take EARN for the bundle price (you'll save $250) send us an email at support@magnumopusproject.com so we can reconcile it with your existing stand alone purchase for Mastery.
You said she wanted as much money as quickly as possible, why would she take a lease option? If the optioner exerscises the option it wont be for a few years, correct? Am i missing something because it sounds like she walks away about $12,400 day one, and gets that monthly income, but wouldnt a cash offer giver the the most and the fastest?
Also question; how can someone attack a reverse mortgage aside from the traditional listing or short sale. I came across a vacant, distressed, pre-foreclosure multifamily in my area and although the PR isn't the most responsive, I was curious about attacking this with a creative option of some sort should the PR tolerate my consistent prospecting for 5 mins to allow me a word.
@Grand Equity LLC, you're going to love the next episode of Ask The Expert (publishing tomorrow) that is all about reverse mortgages. Stay tuned for more value!!!