Let's Talk Real Estate Investing with Sharon Vornholt
Business:Investing
Part 3 -The Assets are Sold - When (and how) Do the Heirs Get Paid? -
So far, we've talked about what happens in order to start the probate process. How does it all begin? That was video #1.
Then in part #2, I went over what was involved when the probate was opened. You learned about the wills, executors, administrators ad more.
In Video #3...
In video #3, were talking assets and heirs. In video three of this 4 part series, the next step in the process is that the assets are sold. There are two types of assets in an estate. Real property and personal property. I will also go over how (and when) the heirs get paid too.
One of the biggest misconceptions about probate is that the property can't be sold until the estate is closed, and that is definitely not the case. In fact, the property must be sold in order for the estate to be closed (unless it's directly inherited).
By now, you should understand why I love this very profitable niche (and why you should too). You don't need to chase deals on the MLS when you focus on off market deals like probates.
Coming Next in Part #4
In the last video we are going to talk about what happens after the assets are sold; what are the final steps? You'll also find out how to get your very own "Probate Investing Roadmap" that will lay out the steps one by one.
Probate Investing Simplified
If you're serious about building a successful (and very profitable) probate investing business, check out my course here at "Probate Investing Simplified".
Let me know if you have any questions at sharon@sharonvornholt.com
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