All Forum Posts by: Nerissa Vento

Hello Raymond,

I actually am a member of CTReia and that is where I first heard about David Lindahl because he came to speak at a Saturday event back in May. That is when I became very interested. From there, I read both of Lindahl's books (Multi Family Millions and Emerging Real Estate Markets) and I really liked his style of teaching.

That is why I was wondering how his courses were and was hoping that some people on here would have taken his course or bootcamps.

Maybe everyone is last minute shopping for the holiday so they aren't able to respond?!

Thanks for the information Raymond.

I am interested in buying commercial apartment buildings and have looked in David Lindahl’s program Apartment House Riches. I also see that it comes with a 90 day email mentor certificate where he personally answers your question via email.

I am not able to see many reviews on this program so I wanted to see if anyone has bought and tried the program? Also is the 90 day mentor system really used meaning he does respond to your emails/calls and it helpful? He seems to have a lot going on so I wonder how well he is at responding to emails/phone calls with helpful info.

Also, eventually I would like to use investors and David Lindahl also has a Private Money Program. Has anyone successfully used that program?

If anyone has gone to any of his bootcamps, please let me know how those are as well.

Overall, I am looking to get reviews and see what results people have had with David Lindahl’s programs.

I appreciate any info on him.

Thanks BP members!!

Josh, I just uploaded the Probate letter in FilePlace, it's great that you encourage people to help each other out!

Jerry, I was wondering if I should follow up but with you getting double the response, I definitely should. Thanks for letting us know that and showing us the postcard you use.

Greg, I have heard mixed reviews on whether you should mail a letter to the lawyer representing the probate case. Can anyone else relate to whether mailing lawyers is a helpful tool for probate?

No problem Chris. Good luck as well on those probate deals!

I am planning on using a couple different sources which is why I thought it was best to have it under contract before I start marketing it. The sources I would use are: craigslist, my local reia, numbers I have from bandit signs. Any other sources you think would be good to use?

Sure Chris, here it is. I try to keep it as short and to the point as possible. I altered my version from a couple others that I have seen so feel free to alter it to whatever you like.

Dear Ms./Mr. ________,

First and most importantly, may I offer my condolences on the passing of your loved one,________. I am sincerely sorry for your loss.

The reason I am contacting you is I understand the house located at ___________ may be available to purchase. I am looking for a house in this area and would be interested in making an offer if it is going to be sold. Of course, I’m sure at this time the property may not be a priority for the family, but if in the future the heirs decide to sell, please call me and give me the chance to make an offer.

I will purchase the property in it’s “As-Is” condition and pay all cash. This will save the estate time of fixing up and/or cleaning up the house and the extra attorney and realtor fees. I hope you understand you do not have to wait until this probate is completed to sell the property.

If you wish to discuss this further, I can be reached at __________. I’m sure I can give you a fair offer and get cash in your hands right away and faster than if you listed it in this current housing market crisis

In any event, I wish the best for your family in their time of loss.

Sincerely,

Thanks for all the help everyone!!

So after reading this forum, what I am thinking to do is have the owner sign a Purchase and Sale agreement and put And/or Assigns after my name. Then once I find a buyer, I would have them sign an Agreement to Assign Contract for Sale and Purchase. Are there any other contracts I should have them sign or are these 2 good enough? Is there a way I can not disclose my assignment fee or would I need to do a double closing for that?

Also, what type of contingency do you put just in case you don't find a buyer? Would you be able to help me with what you put in your contract?

An update on my probate letters: I mailed out letters just to the PRs.

My last mailer was 43 letters total and out of those, I got 3 calls. Two of whom want to sell and another call was to inform me that the house was already sold (since they called just to tell me it was already sold, I think they would have called me if it wasnt sold, or at least I think that might have been the case).

With 3 calls out of 43 letters, that is almost a 7% response rate. Maybe I'll try to mail to the heirs to see if I get a better response but to be honest, I'd rather just email a new group of PRs.

I haven't closed on any houses yet but at least I got some responses which is where it all starts :)

I have come across a 2 family home that needs major repair. I am not sure if I can get a buyer so to be safe I am going to have the owner sign an Option to Purchase agreement vs. an Assignment Contract b/c I do not have a buyer yet. Do you think this is a safe bet or should I have them sign the Assignment Contract?

Also, I saw some Option to Purchase Contracts that mentioned that the Owner of the Property must maintain proper insurance on the property while it is under the Option Agreement. What is your take on that?

Thanks Douglas for the personal experience, it makes sense to have just the PR involved.

Jackie, I get the probate cases file from each district's probate court. In each case file, you will find out where the estate lived and who is the executor along with a lot of other information.

There is a probate group on here that has a bunch of information about probate real estate if that helps.