Probate Real Estate Investing

Most real estate investors look for conventional opportunities, but there are some great deals to be had within the world of probate. Today we talk with Al Nicoletti, Attorney and probate specialist, about the ins and outs of probate and how it can be advantageous for real estate investors.

If there is no appointed heir when the owner passes away, the property is turned over to the courts and then appointed to the closest relative as the executor to sell the property. Often times the executor is willing to sell the real estate at a discount so they don’t have to deal with it.

Eric Odum, the co-host of this show, has stated that almost all of the properties he’s bought have been in probate.

Key Discussion Points

[00:55] Opening remarks by Eric Odum & Steven Silverman

[03:25] About our guest: Al Nicoletti

[04:37] How did you get into the probate business?

[10:31] What is probate? And what do you do that’s different?

[17:15] How are investors able to find these probate properties at a discount?

[22:35] How does your probate service help real estate investors?

[23:35] So you do probates in all counties within Florida?

[26:00] How do you structure your probate fees?

[29:22] How can folks contact you?

[30:29] Do you have any other great ideas for folks working the probate business

[33:53] Closing comments by Eric & Steven

About our Guest

Al Nicoletti is an attorney in Florida with offices in Jacksonville. With a focus on probate, Al has created a very unique niche working in the probate real estate market. He has created streamlined strategies to help solve even the most complex probate issues.

Al is active on Facebook, has a YouTube channel (Al Nicoletti), and has a podcast show called The Al Nicoletti Show.

CONTACT INFO

Phone: 904-999-0053

Website: www.alnicoletti.com

Email: al@alnicoletti.com

Biden’s Proposal to Eliminate 1031 Exchanges & It’s Impact on Real Estate

Today we discuss 1031 exchanges with Michael Brady, and the Biden Administration’s proposal to possibly eliminate them, as well as the potential impact this will have (and is having) on real estate. As an overview, a 1031 exchange allows you to sell one investment or business property and buy another without incurring capital gains taxes. It also has a multiplier affect in that 1031 exchanges help to generate revenue, jobs, and economic development. So why is the current White House administration proposing to possibly eliminate 1031 exchanges when cutting it would barely put a dent in the deficit? Is this really a good idea?

Key Discussion Points

[01:06] Opening remarks by Eric Odum & Steven Silverman

[03:32] About our guest: Michael Brady

[05:14] What is a 1031 Exchange and why is it important?

[07:09[ How have 1031 Exchanges and captial gains changed over the last 30 years?

[10:19] Discuss the thinking of Congress to cut 1031 Exchanges to help lower the defiicit

[12:52] If 1031 Exchanges get cut, how will that affect real estate transactions and prices?

[16:43] If 1031s get cut, when might this happen? And might it be retroactive?

[20:20] How can folks contact you?

[21:32] Closing comments by Eric & Steven

About our Guest

Michael Brady is the Executive Vice President for Madison 1031 Exchange. He is a certified exchange specialist and attorney, and his responsibilities include consulting with clients and their advisors on 1031 exchanges, as well as giving seminars to other attorneys, accountants, and real estate professionals, and publishing articles on tax and legal issues. Michael has over 20 years of experience in representing clients in real estate transactions.

CONTACT INFO

Email: mbrady@madison1031.com