47. Investing in Probate Real estate with Bill Gross

Westside Investors Network

ABOUT BILL GROSS

Bill Gross is an expert on Los Angeles Probate. Born in Santa Monica, he has been in real estate for over 30 years, closed thousands of transactions, and gives his all to help his customers achieve their goals. He hosts a weekly call to discuss how to get sales in probate, how to engage with probate attorneys, and more probate-related topics for real estate agents and investors.

THIS TOPIC IN A NUTSHELL

[01:24] Bill’s career background

[02:38] How he got into real estate

[05:30] Aspects about real estate that he loves

[06:17] How did he find the niche in probate

[07:40] What is probate?

[08:40] Why do you need to set up a Trust?

[11:12] Probate cases via online

[12:08] Regulations of the different county on probate

[13:25] Ways to find an opportunity in probate cases

[15:50] Difficult cases in probate and why is it difficult?

[17:10] What is Partition action?

[19:45] Point of contact to find leads

[21:30] Sample of a complicated process in probate

[25:30] Process on how to track a court sales

[28:59] Deals not in RMLS

[31:49] Commissions by listing agents

[34:24] How the investor is involved as a part of the team

[35:25 ] Advice to his 25-year-old self

[37:23] First Entrepreneurial endeavor

[38:42] Formal and Informal training that shaped his journey

[39:38] Biggest mistake and what did he learn from it

[41:12 ] Best way to reach out to Bill

KEY QUOTES:

[24:55] I think the money is made by overcoming obstacles and solving problems. Too many people think that money is on easy deals like cryptocurrency or the likes. What I do know is that if you solve problems that people can't, you get paid and oftentimes a lot of money and that works for me.

[35:30] Play for the long game. I think real estate and marketing in general is a long tail to play for. You have to get to business to pay your bills right away but understand that marketing is about a two-to-three-year cycle time and a system in place is gonna yield its return over a 2-to-3-year period. Hang for it while you can but play for a longer game.

[36:45] That’s where many investors fail, they all run around and look for transactions that they come across, but it's a relationship game and if you can develop relationships, stay in touch with people for a while, you’re gonna get a lot more return for your investment whatever your marketing is.

[40:33] The quality of people that you work with is much more important than their skills and success level.

SUMMARY OF BUSINESS

EXP Realty - Whether you’re buying or selling, our agents provide deep local real estate experience and knowledge to make your experience as frictionless and empowering as possible. As an experienced Real Estate Professional, we will make sure that you are always well-informed in regard to these decisions – especially as they pertain to real estate. We will also help you with some of the difficult conversations you may have to have with family members and other heirs. If you haven’t yet secured the services of a competent probate attorney, we can help you choose one whose good work we know and are comfortable recommending.

ABOUT THE WESTSIDE INVESTORS NETWORK

The Westside Investors Network, is your community for investing knowledge for growth. For real estate professionals by real estate professionals. This show is focused on the next step in your career... investing, for those starting with nothing to multifamily syndication.

The Westside Investors Network strives to bring knowledge and education to the real estate professional that is seeking to gain more freedom in their life. The host's AJ and Chris Shepard, are committed to sharing the wealth of knowledge that they have gained throughout the years to allow others the opportunity to learn and grow in their investing. They own Uptown Properties, a successful Property Management and Brokerage Company. If you are interested in Property Management in the Portland Metro or Bend Metro Areas, please visit www.uptownpm.com. If you are interested in investing in multifamily syndication, please visit www.uptownsyndication.com.

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CONNECT WITH BILL:

Email: [e-mail]

Website: https://billgross.exprealty.com/

LinkedIn: https://www.linkedin.com/in/billgrossexp/

Facebook: https://www.facebook.com/BillGrossEXP

Instagram: https://www.instagram.com/billgross613/

Probate weekly: www.ProbateWeekly.com

CONNECT WITH US

For more information about investing with AJ and Chris:

· Uptown Syndication | https://www.uptownsyndication.com/

· LinkedIn | https://www.linkedin.com/company/71673294/admin/

For information on Portland Property Management:

· Uptown Properties | http://www.uptownpm.com

· Youtube | @UptownProperties