In this episode, Certified Probate Experts share tips on how to make more money in real estate without working so much (Quit your job!). Chad Corbett and the group mastermind solutions for dealing with call reluctance, pre-foreclosure timelines, and choosing a good real estate brand name. The group discusses how to build a scalable real estate business that can be sold at a higher valuation when you’re ready to retire, and why probate leads are a great source if you’re looking to do wholesale deals, small business acquisitions, or fix and flips.
Josh and Chad brainstorm a video marketing strategy to use in paid Facebook ads with the purpose of driving membership to a Facebook community. Chad describes what landing pages and call to action has worked best for him in conjunction with Facebook ads. Corey shares updates on the probate closings he has in his pipeline. Alex, Chad, and John Fraker discuss ways to access equity in Mom’s house and the pros and cons of refinancing, HELOCs, reverse mortgages, and living trusts. John discusses his experience using TROs and injunctions to stop probate properties from going into foreclosure temporarily. Chad discusses tips for finding private lenders through probate and inheritance leads, and how to interview both community banks and small banks that hold portfolio loans to find the right lender for investments. Ronald asks about options for a surviving spouse when there is a reverse mortgage on the shared residence; Josh asks for advice handling objections from multiple heirs about how and when to sell the inherited property.
What should you say to differentiate yourself from other agents and investors? How can you quickly deliver an elevator pitch online? How can you find a missing heir in probate when the other relatives haven’t had contact with them in years? What should you know when considering your business structure and liability for investment? What opportunities are there in co-hosting a seminar with other vendors in your market? Chad and the Masterminds share their advice and insights.