Buying A Probate House With Private Money

Jay Conner

Jul 21 2018

Buying A Probate House With Private Money

Jay shares one of his latest real estate deals.Four months ago, the seller came from a Facebook Ad. They filled out a form. Jay's Acquisitionist called the seller and asked some questions to see if they were a fit.

The Numbers: $180,000 after repair value

Payoff: $78,000

Five months behind on payments. Will they go Subject To?

No. They decided to use Private Money.

Jay and his team check the house, which is vacant. The house is a mess as the living room has a shower and a bed. It will need $30k in repairs.Four months ago, Jay sent a contract within a few days. Contract is signed in a couple days. Their attorney starts a title search. The owner passes away.

Over $20,000 in claims are made against the estate. The deal doesn't look good

24 hours ago, the daughter says she is ready to sell and has clearance to sell.

Speed makes deals work.

Make sure to have the critical relationships in place.

1) Have a good Realtor

2) Real Estate Attorney

3) Contractor relationship

4) Private Money lender

5) Team

Register for the Real Estate Cashflow Conference:

http://bit.ly/jaymoneypodcast

Jay Conner is a proven real estate investment leader. Without using his own money or credit, Jay maximizes creative methods to buy and sell properties with profits averaging $64,000 per deal.

What is Real Estate Investing? Live Cashflow Conference

https://youtu.be/QyeBbDOF4wo

The Conner Marketing Group Inc.
P.O. Box 1276, Morehead City, NC USA 28557

P 252-808-2927
F 252-240-2504

Channel

https://www.youtube.com/channel/UCZfl6O7pRhyX5R-rRuSnK6w

https://www.youtube.com/c/RealEstateInvestingWithJayConner

RSS Feed

http://realestateinvestingdeals.mypodcastworld.com/rss2.xml

Google Play

https://play.google.com/music/listen#/ps/Ihrzsai7jo7awj2e7nhhwfsv47y

iTunes:

https://itunes.apple.com/ca/podcast/real-estate-investing-minus-bank-flipping-houses-foreclosure/id1377723034