Let’s Talk Real Estate Investing with Sharon Vornholt
Business:Investing
My guest today is Al Nicoletti, a Florida Probate Attorney extraordinaire. We’re going to be talking about advanced strategies for structuring probate deals as well as some of the more common problems with estates you will run into from time to time.
Al has carved out a unique niche in solving simple and complex probate matters that once stalled real estate deals. He has also developed a strategy to structure probates, so they are fast, efficient, and done right.
Al works with real estate investors, real estate agents/brokers, and other real estate professionals. In addition to managing his law practice, Al has a live weekly podcast show, he is a speaker, influencer, and social media content creator. You’re going to love this show.
Key Highlights:
[00:01 - 07:21] Opening Segment
• How to structure probates to avoid problems
• Al's background in solving simple and complex probate matters
[07:22 - 14:48] Advanced Strategies for Structuring Probate Deals
• How Al got interested in real estate investing, specially probates
• How probates can involve multiple jurisdictions and can be more complex than just signing a document
•The two sides to every story in probate
• Title insurance is not always happy with probates, and can sometimes require all beneficiaries to sign deeds
[14:49 - 22:28] Closing a Probate: Tips from Real Estate Investors
• Sharon and Al's insights on probates deals
• It's important to get educated on probates and meet with professionals who specialize in this field
[22:29 - 29:48] Probate Tips to Keep You Out of Trouble
• Probate can be a complex process, but there are steps that everyone involved should take to make the process easier
• Why communication between the various parties involved in probate is one common problem
• Having a conference call with all of the participants
[29:49 - 37:08] How to Survive and Thrive in the Probate World
• How the market for property sales has slowed down in recent years, and how it has impacted probates
• It's important to be aware of market conditions when getting engaged in probate
[37:09 - 44:43] How to Build a Brand and Increase Probate Sales
• You should have multiple exit strategies to be successful in the current market
• How the current market affects the way an investor does business, specifically in the area of probate
• It's key to focusing focus on their brand and creating content to stay visible and competitive
[44:44 - 53:58] Closing Segment
• Stand out in your marketplace and be successful
• Pay attention to the big picture and ask questions before getting too involved in a deal
Want to connect with AL? Follow him on LinkedIn, Instagram, Facebook & YouTube.
Resources Mentioned:
The Al Nicoletti Show
Law Offices of Al Nicoletti
Key Quotes:
"The win is when you work with the right people and you communicate about how to close the deal. The close is the win, that's when everybody wins." - Al Nicoletti
"Now that the market is cooling down, you're starting to really see who the players are. And you gotta be smart about what is your end game with that property." - Al Nicoletti
"Probates is not a niche that's going away. This is a niche that a lot more people you're gonna see talk about, and you gotta get in the game now." - Al Nicoletti
WANT TO LEARN MORE?
Connect with me through my website, Instagram, and LinkedIn
Or you can send me an email at sharon@sharonvornholt.com
Be sure to check out the Louisville Gals Real Estate Blog and my course Probate Investing Simplified.
Learn more about this podcast on iTunes, or Stitcher.
If you liked my show, please LEAVE AN HONEST REVIEW, like, and subscribe!
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