All Forum Posts by: Renee Harris

@Jose Castillo I'm in Los Angeles, so the info is not free for me to see online at the courthouse website or at the courthouse.

For the areas I am interested in buying in, I get the local newspapers from those areas, those real small newspapers about 8-12 pages for the whole paper. They have public notices in the back of them that list the probate notices. These papers can be found online too. I run the deceased name thru a title search, then look up the property on google maps. if I am interested in the property, I skip trace the PR or heir named in the petition,  then add those to a leads database. If they already have letters (permission to sell) I contact them. 

Recently met another wholesaler in my area who told me about a local company he likes for paid leads, will try them next month. 

Sometimes I go to the courthouse for 4-6hrs, sit there and pull them. I do the same thing as above, but take my laptop to the courthouse and do everything there. It's tedious but has worked for me.

Also, driving for dollars has worked. wasn't looking necessarily for probate, but most boarded up houses or vacant houses I've found have been in probate. 

How do you get yours?

I feel GREAT about them! lol

Thank you all for your responses. Gives me a lot to think about.

I created a system to find motivated sellers. I am now finding about one a week or so, that are ready to sell now or in the very near future (probate).  I got my license last year, but I'm green in real estate.  I have learned a lot from podcasts and reading. So my question is on these deals, what is fair for my share? The two properties in question could be quite lucrative. We are in the heart of Los Angeles. Example of one: A buy for $500,000, rehab for $200,000 and sell for 1.2 to 1.5 kinda deal. I found the seller, talked to him, negotiated and made an offer. 

Have to bring in partners because I have no money and no flipping experience. A friend/partner has flipping experience and his partner is a licensed contractor with lots of experience. We are going to use a HML. Just curious what you think is a fair share for me. They offered 15% and I can be agent on buying (from owner now) and selling(when we flip it). Also, to complicate things, I did the math and think we should BRRRR. It could cash flow quite nicely. What should I get in that case?

Thoughts would be greatly appreciated. I don't want to be greedy and get resentful or undercut myself. 

Yes,  I will get a lawyer.

I'd love to work with you Rob.

Thanks for the Recommendation @Mark Pedroza

Definitely have to partner up. Sorry, my video link doesn't work. I tried to fix it.

Yes, LA County. Just east of culver city.

Hi BP,

After listening to a million BP podcasts, and getting motivated by @Brandon Turner's 90 day challenge. I went out and found a deal. I started driving for dollars, saw a house, located the owners phone number using  https://www.truepeoplesearch.com/

I called  the owner he said he is ready to sell, to make him an offer. First, I was going to wholesale it, then spoke with a friend/possible business partner and he said hell no, let's flip it.

I went out and checked it out. it is MESSED UP. That is an understatement. 

I got scared and left. I ran the comps. Most of the properties sold this year and for just over $800,000. When I averaged out the SQ footage it came to about $360 per square foot. The sq ft is 2289. it's a 5/3, triplex. This one street is not a super nice street. It's getting there, but is far behind some nearby streets. My friend works in roofing and he said the roof needs to be replaced. As you will see from the video it needs a complete redo. On the video I laughed when he said it smells like piss, because on a lot of the podcasts the investors love the smell of piss saying it smells like money. LOL.

Anyway, my friend went out and took video.

DAMN MESS VIDEO

He said he would offer $250,000 cash.

any thoughts or suggestions would be appreciated. This would be my first deal.

Also use  https://www.truepeoplesearch.com

That @Ed E. posted about.

@Aaron K. Thank you sir! Will check it out.