In the fifth part of the foreclosure series, Pace Morby and door-knocking expert Michael Franke dive into advanced strategies for real estate investors facing vacant properties during door-knocking or pre-foreclosure outreach. Michael has seen many of these kinds of opportunities, and he shares why encountering a vacant home is one of the better houses to run into.
Michael breaks down various scenarios that can lead to a house being abandoned and foreclosed on, explaining what this means for savvy real estate investors. The first step upon finding a vacant property is to search for a possible obituary for the homeowner. Michael walks viewers through the process of finding and reading obituaries, emphasizing their importance. With this information, investors can contact the homeowners or heirs to present their creative finance solutions.
Pace explains the mindset behind selling a vacant property, noting that many sellers lack the resources or knowledge to renovate it themselves. Michael introduces a two-level approach: the first level involves finding and reading the obituary, while the second level includes reaching out through obituary comments or contacting the funeral home to inquire about the deceased's family members. This is the secret sauce for obtaining deals and information easily and for free.
Additionally, the video discusses the value of probate records and the opportunities they offer for connecting with heirs. This strategy is a game-changer for investors aiming to secure deals on vacant properties.
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❎ I am not a CPA, attorney, insurance, contractor, lender, or financial advisor. The content in these videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself. This is a KZfaq video for entertainment purposes ONLY ❎