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Driving for Dollars Mastery


Sep 16, 2024

In this episode, I’m walking one of my students, Tyrell, through a high-stakes situation involving an inherited property that’s set to go to auction within a month. The homeowner’s parents have passed away, and the house is still in their name, which means we’ve got to go through probate before we can do anything with the property. Time is ticking, and Tyrell is looking for guidance on how to approach this deal, including how to get the foreclosure stopped, what to offer, and how to work with the heirs to make it happen.

You’ll hear firsthand how I break down the situation, offer step-by-step advice on getting both heirs to agree on a price, and then take action to keep the house from going to auction. This quick call is a perfect example of the kind of live support and guidance I offer to my students.

If you’re facing a similar situation or want to see what it’s like to get direct coaching during a deal, this episode is for you.

Key Takeaways:

  • Probate and Foreclosure Process: We need to handle probate quickly to transfer ownership before the foreclosure auction.
  • Negotiation Tactics: Secure an agreement with both heirs at the lowest possible price to ensure profitability.
  • Importance of Real Estate Attorneys: Having a knowledgeable attorney is crucial when dealing with probate and foreclosure issues.
  • Urgency and Action: With a foreclosure auction looming, it’s vital to act fast by getting contracts signed and working with professionals to delay the auction.

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