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Updated almost 13 years ago on . Most recent reply

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14
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5
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E Martin
  • Wholesaler
  • Atlanta, GA
5
Votes |
14
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Wholesaling Probate Properties

E Martin
  • Wholesaler
  • Atlanta, GA
Posted

...So I just received my first probate data cd from my county's tax assessor's office, populated with over 10,000 names and addresses ranging from 1968 to 2012. Just as luck would have it...there are hardly any new probate properties on the list from this calendar year (only 2 to be exact). If I can remember correctly, It is best to market to those who most recently received the probate property within the past 60-90 days, which I assume would make this list nothing more than useless. This is one of my first experiences in the wholesaling field, so I may be wrong about something. Can someone please shed some light on this???? Thanks.

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2
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2
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Jermaine Simmons
  • Real Estate Investor
  • Saint Louis, MO
2
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2
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Jermaine Simmons
  • Real Estate Investor
  • Saint Louis, MO
Replied

E Martin,

you got some good advice from Ned about going back 2-3 years. Although it is a long time ago, you still may find some opportunities. It's important to get your name in the hat early, but you want to make sure that you consistently keep your name in it because as the months pass and the estates get older, other investors who are tyring to get that same property will start to fall off. That's just how it goes. You have to stay consistent with you contacts because these can and will take a long time to close. Those that are 2-3 years old, are ready to go but you'd probably be the only guy trying to approach them after that amount of time because most of your competition will have moved on to other things.

Go get'em.

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