Probate Monday: Finding Comps With MLS Access

Scott Costello All 6 Comments

I’m feeling pretty good about things these last few days about my probate hunt. I’ve been able to get a handful of calls this past week and one Bruce and I made an offer on for $120k but the owner got another offer for $150k so he is going to take that one obviously. I just got another call today from a guy who had hung onto my letter from my first ever mailing back in December. He got my …

Probate Monday: How else to bring in calls

Scott Costello All 6 Comments

I sent out my mailers last week and have only gotten two calls.  One was a guy calling to tell me I sent the letter to a retirement community.  He was wondering what I was trying to accomplish.  For one it’s not trying to buy into a retirement community full of condos, haha.  The guy was nice and was just trying to help me out by letting me know that pretty much any street named after a president in Rockaway …

Probate Monday: Letters Sent

Scott Costello All, Blog, Probate Investing 9 Comments

There are new challenges when you can’t leave the house without help.  I don’t know how people survive sans the services of a car.  Take for example mailing out probate letters.  I had them all printed, stuffed and envelopes labeled and realized I only had 40 of the 80 stamps needed.  Let’s go hop in the car and get some…Nope!  No driving for me for another 2 weeks.  So I have to arrange for my wife, mom, brother or friend …

Probate Monday: New Month, New List

Scott Costello All, Blog, Probate Investing 3 Comments

The coming of the new month brings a fresh probate lead list from my supplier.   So far I can not complain one bit about the leads that I’ve been getting and the supplier has been right on time each and every month.  For those that have forgotten, I spend about $100 a month for the list.  On average, each list has come with 80 names so doing a little math that works out to about $1.25 per.  I can’t really …

Probate Monday #11 – Rinse and Repeat

Scott Costello All, Blog, Probate Investing 9 Comments

With all the setup, preparation and action that’s been accomplished so far I am now at the point of Rinse and Repeating until I get a deal.  The main thing I’d like to impress onto anyone following along is to stay consistent and develop a routine that can be easily followed and repeated.   Here are the steps that I will be taking each month from now on… Step #1: Build my probate mailer lead list. However you have decided …

Probate Monday #9: Follow Up Post Card

Scott Costello All, Blog, Probate Investing 8 Comments

It’s been a couple weeks since we sent out the letters to our Probate List and hopefully you have received some calls.  I have gotten 2 calls so far and I know Ingrid has gotten 2 as well, while Jason I’m not sure has gotten a call just yet but I’m sure one is about to ring him any minute now.  If you’ve been reading along with my probate posts, you’ll know that I’ve really built up some momentum the …

Probate Call Number 2! and More

Scott Costello All, Blog, Probate Investing 19 Comments

WOH! busy week this week.  The Holiday Giveaway started off slow on Monday but really picked up steam over the past two days.  A rough estimate count has about 60 entries so far, which gives everyone a great chance to win something very valuable for sure!  We still got about 6 days left so plenty of time to still enter.  Thanks to Nick, Steph, Julie, Shae, Jason and everyone else who has spread the word.   I’m gonna see if …

The Secret to Small Successes

Scott Costello All, Blog, Probate Investing 13 Comments

One important lesson I have learned from reading blogs from people like Steph Davis (FlipThisWholesaler.net), Shae Bynes (GoodfaithInvesting.com), Kelly (KellyFlippinCali) ,Nick Johnson (Subject2.com) and many many others (I think I’m going to write a post about all the blogs I read one day soon), is that small successes are essential to every accomplishment. These successful steps forward aren’t always obvious at first and sometimes even need to be pointed out by a friend.  The best way I can explain this is …

Probate Monday #6 – What to say when they call?

Scott Costello All, Blog, Probate Investing 10 Comments

For me the scariest thing about sending out marketing material is what to actually say when a lead calls.  When I was sending out pre-foreclosure mailings last year, there were many times I would hear my phone ringing and just freeze when I saw the number wasn’t one I recognized.  It pissed me off to no end that I was wasting my money and time by not answering the damn phone! This is a huge step for me, as I’m …

Probate Monday #5 – Make Money From Your Leads

Scott Costello All, Blog, Probate Investing 14 Comments

Since this is a short week thanks to the Thanksgiving holiday, I figured it would be the logical spot to review what we have done so far.  I will also give everyone a great tip I got from Nick Johnson. Another reason why I’m not moving forward just yet is my probate list is scheduled to arrive until the end of this week.  My source is currently gathering the information from the court house.  In my county the information is …

4 Important keys to a Probate Letter

Scott Costello All, Blog, Probate Investing 13 Comments

Before I get started explaining how I am going to construct the letter (if i wasn’t using the one in Ron Mead’s course) I want to touch on a specific situation you’ll come across when looking through the probate files.  When one of the surviving heirs is a wife, husband or someone who has the same address as the deceased.  Here is a situation that I have run into… Spouse dies and the Personal Representative lives at the same address …

My Choice For Getting Probate Leads

Scott Costello All, Blog, Probate Investing 37 Comments

Probate Monday #3 – Update I did some thinking last night so I could weigh the benefits of going to the court house and pulling the probate leads versus buying them from a probate leads source.   It wasn’t an easy decision, but I remembered what a few of my fellow investor friends (J.P., Shae and Jason) told me…Just make a Decision and go for it! So that is what I did and chose to buy the leads from USProbateLeads.com for …

Probate Monday #3 – Creating Your Lead List

Scott Costello All, Blog, Probate Investing 4 Comments

Update for Week #2 – Finding the Public Notice Newspaper First I wanted to update my status for week #2, Finding the Public Notice newspaper for my county.  I got a lot of evidence pointing me towards the Daily Record and found a great website that allowed me to search all the public records in Morris County *for participating newspapers.   This lead me to to call the Morris County Surrogate’s office last Friday in order to get a more definitive …

Probate Monday #2 – Finding the Public Notice Newspaper

Scott Costello All, Blog, Probate Investing 13 Comments

I’ve decided on which area I will be focusing on to find probate leads (Morris County) and now it’s time to do a little detective work and uncover which newspaper contains the public notices. Let me explain as to why we want to find the public notices.  A decadent (the deceased) still has bills and outstanding debts that must be paid.  These creditors must be notified of the persons passing in order to give them an opportunity to submit a …