Finding The Most Lucrative Real Estate Niches: PROBATE REAL ESTATE
All The Leads reviews are my favorite content to share with Real Estate Agents and Real Estate Investors who are interested in the probate niche. In this special hour-long webinar, David Pannell joins me to discuss all the chokepoints he came across when getting started in the probate niche, what motivated him to re-organize his team and dive into probate headfirst, and the incredible follow-up sequence his team has built around his probate leads in just one year’s time. David ended up discovering probate is one of the most lucrative real estate niches, and probate leads are often some of the easiest deals out there.
“I live by Gratitude, so I will share with you everything we have failed on, discovered that works, and what we’re currently working on to get the most out of the probate leads…
…No lead purchased will fall through the cracks!”
This video serves as a case study for David’s experience building a new pillar in his business through probate – He is projected (conservatively) to be making $1,000,000 a year by the end of 2019 through listings and acquisitions from PROBATE DEALS ALONE. For anyone looking for ways to build their team, get their system organized, or really master your face-to-face presentations so you can land every deal whether you’re an agent, investor, or(and) a wholesaler, watch David discuss his story with Chad Corbett below!
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Tenure: 1 year (Since June 2018)
Probate Closings To Date: 27
Total Commissions: $370k; $1,000,000 projected by close of Q4 2019.
ROI: 196% since starting; pacing 634% ROI for 2019.
Resources in this video:
Best Prospecting Script for Probate
5:30 First time calling Probate Leads
6:05 2018 Total ROI from all lead types
7:37 My First Year in Probate Real Estate
8:56 Probate Leads Pipeline for 2019
9:26 What’s the split between broker/acquisitions deals?
9:50 Does this work in a competitive market?
10:20 What’s the spread?
10:45 Changing the way you present yourself
12:18 The fortune is in the follow-up
13:07 Getting the Cold-Calling right: Going from “Realtor, Investor, wholesaler” to David
13:40 Showing up to your listing appointments as a professional
15:11 The mindset: Go out and get it!
16:13 Competition from iBuyers and how to get ahead
22:08 The All The Leads Approach to Probate – Make it work for you
24:04 Why probate is great
24:47 Winning a listing appointmentwhen another realtor is there
27:40 What do we do with leads that don’t answer the phone?
30:45 One appointment, two guys, three options.
33:25 Bring pre-filled documents, leave a cash offer in hand…. ALWAYS!
37:12 The bottled water secret
38:30 How we found the right ISAs and built up our team
41:25 The perfect ISA for probate leads
48:43 Empathy = Lifelong referrals from clients and other business professionals
51:15 David’s system for prospecting probate
59:57 The Numbers
01:03:23 The Million Dollar Pillar in Probate
About David: David has been in real estate for 12 years. He worked with buyers through the short sale/REO period between 2007-2010, switching to listings in 2011. He has also since ramped up his acquisitions. Like many, he started with open houses and SOI leads. He eventually hired a coach and quickly mastered Expireds/FSBO marketing. He now works directly with ATL, GGMS, and B-School to learn and scale his business. He is focused on solidifying 3 major pillars in 2019, one of which is probate real estate. In mastering the empathetic approach, the team is looking forward to a third of their projected 300 closings in 2020, to come from probate listings/cash deals alone.
David Pannell on YouTube
Get in touch with David
If you are a real estate agent or real estate investor looking for real estate leads and you want to offer a service to your community then you really need to consider becoming a probate expert. Over the next 40 years over $136 Trillion in assets will pass from one generation to the next and nearly 80% of that wealth is locked up in real estate. This is an opportunity for you to build a strong pillar in your business while your competition is still out begging for business from the same leads they’ve worked for the past 20 years. All The Leads provides a system driven by ever-expanding knowledge and experience. To see how many leads we gather in your county each month, click here.
Our Subscribers Always Say It Best …
I contacted an estate administrator last week for an investor client, and she offered to sell the house to him for what was owed on the property. I added on my commission. Then he wanted the stuff in the house and he offered a bit extra for it. He got a great deal without any competition. I’m delighted to have made a sale, and look forward to buying some great deals like this too!
I received my first set of leads and almost immediately took four new listings after my first mailing. These leads produce every month. Even in a slow month, I got 2 listings. It's just as simple as you said - get leads, mail letters, make calls! My website is perfect and I'm happy. Thanks!
I have been trying to do probate sales for 2 years and in that entire time, I only closed 2 probate sales. After subscribing to receive probate leads from All The Leads and (most importantly) completing the Probate Mastery 1-on-1 Training, I have already been able to close four probate sales in 2015. I highly recommend you make ALL THE LEADS a vital part of your business.
The leads from www.AllTheLeads.Com are VERY good. We have been able to list or wholesale multiple properties since starting the program (only 5 months ago)!
We value education more than anything in our business so when we decided to become probate experts the FIRST thing we did was sign up for Chad's Probate Mastery 1-On-1 Training. Unbelievable Value !!
I just sent out my first set of letters on Tuesday and set my first appointment today - three days later!
I haven't even made the calls yet!!!
Thanks for providing me with a VERY solid list of leads each month. I just received my third list and have already booked 3 listings, over $2,000,000 in business. I also have another commitment for $900,000k waiting to get signed and a list of roughly 20 potential sellers in my pipeline that I am communicating with. Bottom line is that the leads are good and the system works. This list is gold for a quality real estate professional who knows how to close listings and service clients.
Just sold the first listing I got from my first set of probate leads. Took all of 3 weeks! Thank you, Jim Sullivan & Chad Corbett. Now I should be getting my first testimonial for my Probate Website. My client is very pleased!
Last night I received a "Come List Me" call from a lead I'd first called 5 weeks ago. He's in TX and the property is here in NE. When we first spoke, he asked me to email info. I did and followed-up weekly with another call. After a month, he called like we were old friends. I'm inspecting this $300K+, high-demand acreage today with his local brother-in-law, who's having keys made for me. Thanks to the support & encouragement from Chad & Jim, I stuck with the program and it's paying off.
We just completed mailing #2. We signed up a "sell me now" listing and bought a property AND CLOSED ALREADY. Also, an attorney who was administrating an estate asked us to make a buy offer. The best thing is, these results are "lazy" opportunities. So far, we've just sent letters. I'm excited!. Chad and Jim have been incredibly helpful. The Mastermind Calls are golden.
After a few months of working with All The Leads, I'm so happy, that I signed up for a 2nd county! It's so easy - great training videos, sample letters, mailing service, integration with Vulcan dialer, and now the CRM ... it's all the tools you need. I got a few calls with my 1st mailing. One was a multi-million dollar luxury waterfront property! What a nice surprise. With each mailing, more calls come in. Two listings already ...
I completed the 1-On-1 Probate Mastery Training as soon as I signed up. So, when I sent my first letters out, I felt like I had been doing this for a year. Because of what I learned (in Mastery), this is the easiest business I've ever gotten.
I was trying to get started and called you with questions. I got your voicemail and decided to dig into your website. What I found was TREMENDOUS! The videos are first rate, the subscriber resources page is well done and the FastTrack videos were outstanding! I spent an evening reading the probate FAQ’s and was blown away with the info. You've answered my prayers. I wanted a 1 Stop Shop for the probate business and I hit a home run finding your service! Thanks.
The Mailbox Motivator Direct Mail and phone calls are working! I've done one mailing and 2 phone calls so far. I received an inbound call from an attorney with about 400 Acres included in a Trust and she had remembered my letter and calls. Based on the location, this will be valued in excess of $6M and after we chatted, the attorney mentioned that she had another estate that would need my assistance. If you bet that I am NOT juiced and you would LOSE the bet!
The customer service here is fantastic! In June or July, our company received an incorrect lead spreadsheet. As soon as we notified Jim and his team, they were on top of it immediately! Our new and corrected lists were sent back to us within a couple days. Two thumbs up from our team!
Closed 1st Probate Yesterday with an investor I called before even putting on the market!
All done in 20 days, cash sale!
My 2nd listing goes live tomorrow and the 3rd listing next week. Whoop! Whoop!
We mailed out to our first list and started calling 3 days later. We got 3 listing appointments, listed one and they gave a referral, which we also listed. We also found an investor. (From) listening to your past calls, we have teamed up with a local probate attorney and have relationships with three Assisted Living facilities, who were thrilled to have someone to make referrals to that understands their residents needs. Thanks again for all the training and coaching!
I wanted to share my quick success story with you. I sent my first 92 probate mailers out last week and I already have three appointments on properties that represent roughly One Million in listing volume. These appointments ALL came from sellers who were responding to the mailer. I am calling the leads this week and can't wait to see what the results of picking up the phone and reaching out to this group will be.
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