Probate is the legal process that happens when a person dies and the executor must collect all assets, itemize all remaining debts and then liquidate all property to pay debts and distribute assets. Unlike property in a trust, probate requires court approval and is a lengthy process with attorneys and judges. Despite that, here are … Continued
Successful real estate investors have a mindset that gives them the ability to negotiate a deal that makes business sense. Most real estate transactions between consumers are a very emotional deal. However, the probate process is very different, mixing a very emotional time in a family’s life with a very business-like probate court system. Here … Continued
Buying probate sale properties is a great way to find eager sellers with properties in good locations. As with any type of real estate investing, setting the right expectations helps set the tone for success. Here are five pitfalls to avoid when starting out in probate investing in Kentucky & Ohio. Expecting a Fast Process … Continued
When someone inherits a property, they have one of two real options to consider: keep the property or sell it. Often beneficiaries have a desire to liquidate inherited property rather than try to manage it. If the sale is happening in the probate process, this called a probate sale. Here are three tips of a … Continued