These episodes are recorded as a live Question and Answer Mastermind with participation from agents and investors across the country. Thanks for tuning in, and don’t forget to subscribe for future episodes!
Call Re-cap:
Jim Wins Listing Referrals From Probate Attorneys (00:57)
Jim Forsythe shares updates on his attorney prospecting efforts. He has met with several attorneys and not only are they ready to work with him in the probate space, but they are already sending him referrals for non-probate properties. They will also be working together to create videos to use as marketing content.
MLS Compliance and Selling “Off-Market” (3:51)
Christian shares two success stories! Woo-hoo!! Christian has a seller that is willing to list, but is also open to selling off-market to a private investor and avoiding the showings, phone calls, etc… What’s the best way to approach this? Chad and Bruce discuss.
See More: Listing Flat-Rate with MLS Opt-Out for Cash Offers
Splitting Net Profits With A Vendor (7:36)
Christian is working on another sale where the investor wants to renovate the property and split the profits.The seller is the only heir. There is a mortgage on the property. How should Christian proceed to make sure everyone gets their fair share? Chad discusses using a land trust as a vehicle here.
Probate Short Sale With A Fire-Damaged Property (11:38)
Chelle is working with a seller who has a fire-damaged property in probate. The mortgage is upside down and Chelle is trying to help the seller keep it from going into foreclosure. Chad, Jim, and Chelle discuss the deal and the importance of vacant property insurance.
See More: Chad and Jim’s homeowner’s insurance trick for easing into the real estate conversation, or catching a lead who is about to hang up on you: Recommendations for home owner’s insurance companies
Rebel Goes On Five Listing Appointments (17:29)
Rebel and her team has gone on 5 listing appointments in the last two weeks. One turned into a double listing. Another came from a letter she sent out her very first month working probate, and she got in her foot in the door by helping the personal representative with artwork they inherited. Rebel is looking at 6 listings! GO REBEL!!!
Fumigation and Repairs For Death Odor Removal. (19:18 and 31:43)
Rebel is helping a family prepare a property for sale, but the house has a lingering death odor. They’ve tried ripping up tile and replacing walls, but the smell still seems to be there. Jim and Rebel both note that you should help your seller see what their insurance covers, as many homeowner’s policies cover fumigation for situations like this.
Selling Artwork From An Estate (21:12 and 25:45)
Rebel is helping a family sell artwork that was inherited through the estate of the decedent. Chad shares his recommendations on where to sell specialty items as well as for companies that can help liquidate estate items quickly.
Attorneys Won’t Return My Call – How Can I Win Referral Relationships? (22:27)
Rebel is in a busy market and attorneys are not returning her calls. Bruce shares what works for him in a busy market where Attorneys need to stumble into the value you provide for them to bite.
3 Probate Listings Turned Into 5 Deals! (26:52)
Jack shares a success story. He has 3 probate listings turn into 5 total deals! Awesome!
Probate Credibility Websites and Why They’re Worth It (27:33 and 46:24)
Jack is interested in setting up a separate probate website before he starts making his prospecting calls. Chad describes the value in having a probate credibility website for social proof. Chad shares how he incorporates his website into his letters as a final call to action.
$28k From My First Probate Deal (33:51)
JoEllen got her first listing in August from her first round of letters. She’s about to get a $28,000 commission check! Wooho!!!!!! JoEllen describes how she went from lead to listing to closing! With about 25k investment, JoEllen and her team took the property from $450k as-is to $710k at closing! She has five more deals in the pipeline right now. JoEllen shares how she was able to put a team of vendors together really fast – Don’t let the fear of not having the team prevent you from getting started!
JoEllen and Chad discuss the intrinsic benefits that come with helping families through probate.
See More: Offering Sellers Vertically-Integrated Solutions Without Putting Your Own Capital On The Line.
LinkedIn For B2B Networking (40:38)
Ryan and Bruce discuss B2B marketing through LinkedIn and how it’s a fairly low-effort way to start a conversation with probate and estate planning attorneys in your market.
Chad and Ryan discuss how to leverage vacant insurance policies and find a lender that’s savvy.
Federico Shares Additional Insight on Vendor Networking, Websites (44:54)
Federico shares additional insight on building a vendor team and earning referrals from these vendor partners.
Jim Forsythe, Fed, and Chad also expand on website strategy from the conversation earlier in the call.
How to Get Started With Probate Leads (50:26)
Lynette is looking to jump into probate leads without running into analysis paralysis! She is pulling her own leads currently. Chad describes why Probate Mastery is the perfect way to learn everything you need to know to succeed in the probate niche and perform at a high level.