March Main Event – Uncover Hidden Deals in Probate

JIM BANKS

For the real estate investor, knowing how to capitalize on what others commonly overlook can be the key to success. And to that end, probate real estate has become a profitable investing niche for many successful investors.

Probate is the governing process for the distribution of a person’s assets after they pass away. Many investors stay away from probates because of their lack of education. This breeds fear—a fear of the unknown. However, a fear of the unknown is the same as going into a dark house. If you turn the light on, the fear goes away.

Years of television, movies and the media have established the belief that if one goes to law school, that individual knows all there is to know about the law. But that isn’t the case. If your neighbor is a brain surgeon and your child falls out of a tree and breaks his arm, would you take him to your neighbor or to the emergency room? Just like doctors have specialties so do lawyers. However, very few would specialize in probate. Instead, they specialize in personal injury, corporate law, tax law or something more traditional . Attorneys usually take one probate course in law school—estates and wills. As a result, the majority of the attorneys of record that are handling pro case cases are doing so because they hand-led other matters for the deceased, such as, divorce, corporate matters, traffic tickets-etc. Probate is not their area of expertise.

As a result, probate cases can take an unnecessarily long time to settle. For those left behind, an extended probate can be a trying experience. But, an investor, who is able to help settle the estate, can provide a welcomed solution for the heirs and becomes the proverbial hero riding in on a horse wearing the white hat.

Often, one of the concerns for the heirs is converting the estate to money to help cover bills and other expenses. A probate investor can help shorten the average time to settle the probate. Probate investors can cut cost and bring closure to the estate sooner for the sellers, as a result, sellers are grateful to work with probate investors and often sell the property at a price that benefits both parties which can be below fair market value.

Another benefit of probate real estate is the constant supply and if purchased correctly has little to NO competition because if pursued right the address has never been in print.

Traditional real estate for sale is exposed with intent of reaching as many people as possible. The Multiple Listing Service (via real estate brokers), REO’s List, Foreclosure Notices or Tax Sales are all create an environment where investors have to compete against each other. conversely. a knowledgeable probate real estate investor can find probate properties before they are advertised to the competition.

There is no greater MOTIVATED SELLER than
someone inheriting a probate property!

Unlike the ups and downs of supply and demand other types of real estate, probate real estate has a constant never-ending supply of real and personal property. There are—and will always be—millions of unsettled probates twenty-four hours a day, seven-days a week in a bucket that never empties. Investing in probate assets—with the right education—will be a profitable specialty for those willing to put forth the effort.

Nothing trumps experience, I have been involved with only Probate Personal and Real Estate for over thirty-five (35) years. I created the Probate System and have been labeled the “Father of Probate” and “Mr. Probate.”

I can teach you how to find and invest “correctly”. Probates (THE SECRET REAL ESTATE) before anybody else knows the property is for sale.

February Main Event

Shaun McCloskey is back at REIN!

The 4 Steps to Building an Insanely Profitable Real Estate Business (that You’ll Also Fall in Love With) with Shaun McCloskey

So much of what we learn about real estate is strategic: HOW do I [find deals, get money, manage tenants, do renovations].

And that’s all important, but if you want to build a profitable, sustainable, and FUN real estate career, it’s JUST as important to step back and ask bigger questions, like:

·         “Am I sure that I’m focusing my time and efforts on the right things?” 

·         “Is the strategy I’m pursuing the right fit for me, in the long run?”

·         “Am I building a business that supports my bigger vision for my life, or one that’s going to consume all of my time and energy?”

·         “Am I loving what I’m doing, or do I do it for the money?”

Here’s a big secret that goes against the grain of what you may believe about real estate success: it’s not about who you are, or where you came from, or how hard you hustle. It’s about doing what most people don’t: thoughtfully, intentionally designing a business that fits your vision, your lifestyle, your passions, and your personality.

Our Featured Presenter, Shaun McCloskey, has been helping some of the highest-level real estate investors and gurus in the country do exactly that for over a decade, and now he’s making a very rare association appearance to help US have a more prosperous AND joyful 2020. You’ll leave this meeting knowing:

·         Why goal setting alone doesn’t work. Not for ANYONE.

·         Why making business plans based on financial considerations alone is the certain death of your business

·         Why working more hours in your business probably makes you LESS productive

·         How to create a strategic game plan for your business that will ACTUALLY get you from where you are now to where you want to be in just 6-12 months—not years or decades, like it takes most people

Start the decade off right, with the tools you need to envision and build not just the business, but the LIFE that creates the meaning, impact, fulfillment, and prosperity you’ve always dreamed of.

HOW TO MAKE IT & HOW TO KEEP IT

Our Featured Presentation this month is from Lee R. Phillips

In our January Main Event meeting, Lee will show us how to use the law to our advantage and tax tips to get the most out of real estate investing. Lee is a nationally-recognized attorney who has helped thousands of audiences understand the latest asset protection, business structuring and tax techniques. He is a counselor to the United States Supreme Court and holds licenses in law, real estate and insurance.

Don’t lose your property and your money to the legal system. Let Lee show you how to protect yourself.

Your CPA has never told you about the tax tips Lee will show you at The Main Event and the class this Saturday, January 18.

Discover the difference between retiring and living the good life or retiring broke on Social Security. Lee tells you how to use the law to keep what you make and show you how to make it faster.

The legal system is the most powerful system we have in our nation today. See how to use it to make more money and how to use it to protect your assets.

>> Click here to reserve your spot now. <<

JANUARY MAIN EVENT – Asset Protection with Lee R. Phillips

Join us at REIN’s Main Event to meet Supreme Court counselor and authored attorney, Lee R. Phillips. He will be discussing how to use the law to your benefit in Real Estate Investing and tips within the legal system to protect your assets.

Monday January 13th from 5:00 PM – 9:00 PM
Oak Hill Assembly – 5200 Franklin Pike Nashville, TN

5:00 – 5:30 PM – Snacks, Networking and Vendor Visits
5:30 – 6:15 PM – Breakout Sessions
6:30 – 9:00 PM – Meeting and Guest Speaker

Lee R. Phillips is a nationally recognized attorney who has helped thousands of audiences understand the latest asset protection, business structuring and tax techniques. He is a counselor to the United States Supreme Court and holds licenses in law, real estate and insurance. In our January Main Event meeting, Lee Phillips will show us how to use the law to our advantage and tax tips to get the most out of real estate investing.

Build Your A-Team at REIN’s EXPO Trade Show

Our Annual Event is THE place to meet the best vendors in the region to build and grow your investment business to higher, more profitable levels.  Massive cash grand prize drawing at 8 pm, plus nearly 100 other prize giveaways – your chances of winning are excellent – just for showing up. (But you must be present to win)click here for more info and grab your spot