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Eric Stevens, Ernie Vargas and Ron Mead – Probate Interviews
Tim Randle of REIClub.com here with a very interesting, low competition, real estate niche for your consideration. Take 3 minutes to consider if it’s right for you…
Know anything about probate?
Ever been through one?
Do you know it may be the most lucrative source of real estate deals?
Get Eric Stevens, Ernie Vargas and Ron Mead – Probate Interviews download
Probate, plain and simple, is the legal process of settling the debts and distributing the assets of a deceased person.
No will – probate required. Will – probate required.
The only way to avoid probate is by putting your assets in Trusts. (And you really, really, really should do that. Saves lots of time and money. Most people don’t though).
Here are some facts you should know:
(Side note: You won’t need to become a lawyer, or even deal with lawyers to work this market)
Homeownership facts:
- 81% of 65+ year olds own homes
- 19% of 65+ year olds own a second home
- 72% of 65+ year olds own their home free and clear, i.e., no mortgage
TAKE AWAY: About 80% of people 65+ years old own real estate and nearly three in four (72%) own it free and clear.
Probate facts:
- Over 2 million new probates cases open every year (that number has been on the rise since 2000)
- 90% of all probate cases involve disposition of property owned by people 60+ years old
- The first wave of Baby Boomers turned 60 between 2000 and 2010
- There will be a 38% increase in the 60+ population between 2011 and 2020
- 50-60% of probate cases involve some real estate
Get Eric Stevens, Ernie Vargas and Ron Mead – Probate Interviews download
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