Probate Leads, Data, & Real Estate Deals with Bill Gross

 

Probate Leads, Data, & Real Estate Deals with Bill Gross

 

Guest:  Bill Gross is a real estate agent, investor, and probate expert working the California real estate market.

 

Big Idea: Most real estate attorneys, agents, & investors have no idea how to properly probate an estate quickly.  Probate deals often linger for months & sometimes years before finally receiving a clear to close.  Bill’s focus is exactly those types of deals.  He finds the most challenging probate cases and quickly clears the issue and gets to closing quickly, where everyone gets paid.  Bill and I go deep on Probate and share quite a few resources including where to get probate data, how to work probate leads, and the #1 nationwide resource for handling probate cases.  Hint, this is NOT your local attorney

 

 

    

 

Dan Breslin: Welcome to the REI Diamonds Show. I’m your host, Dan Breslin. This is episode 202 on probate leads, probate data, and real estate deals with Bill Gross. If you’re into building wealth through real estate investing, you are in the right place. My goal is to identify high-caliber real estate investors and other industry service providers. Invite them on the show, and then draw out the jewels of wisdom. Those tactics, mindsets, and methods used to create millions of dollars and more in the business of real estate.

Today’s guest, Bill Gross, is a real estate agent investor and probate expert. Currently working in the California real estate market. Most real estate attorneys, agents, and investors have no idea how to properly probate an estate quickly. Probate deals often linger on for months and sometimes years before finally receiving a clear to close and getting us all paid. Bill’s focus is exactly those types of deals. He finds the most challenging probate cases, and quickly clears the issues, and gets to closing quickly where everyone gets paid.

Bill and I go deep on probate and share quite a few resources including where to get probate data. How to work probate leads? The number 1 nationwide resource for handling probate cases. Hint, this is not your local attorney. Please enjoy this conversation with Bill Gross.

Dan: Bill Gross, welcome to the REI Diamonds Show. How are you doing today?

Bill Gross: I’m doing great. How are you?

Dan: I’m doing good. So I like to location and market stamp my episodes lately. Whereabouts in the US are you recording from and doing business?

Bill: Well, I’m in Los Angeles, California, where I live. I have lived here for 25 years. I’m a native Southern Californian. I do business throughout California. In probate real estate has wide geography. So I currently have sold or currently listed property in 8 Counties in California. I stayed in California overall.

 

Episode Sponsored by the Deal Machine:

Driving for Dollars Software to Build a Team of Drivers, Manage Routes, & Even Automate Marketing.  Free Access at  http://REIDealMachine.com/

 

Resources mentioned in this episode:

www.TheLAProbateExpert.com

 

Bill & I Discuss Probate Leads, Data, & Real Estate Deals

  • California Real Estate market

  • How to find the BEST Probate Opportunities

  • Benefits of Being a Broker INSTEAD of an Investor

  • #1 Resource for Handling Probate Cases Nationwide

    

Relevant Episodes: (There are 202 Content Packed Interviews in Total)

 

The transcript of this episode can be found here.
Transcripts of all episodes can be found here.

Getting High Return on Investment through Co-Living Rentals with Johnny Wolff

 

Episode: Getting High Return on Investment through Co-Living Rentals with Johnny Wolff

 

Guest: Johnny Wolff is the CEO & Founder of tech Company, HomeRoom.  HomeRoom is one of the fastest growing co-living companies in the U.S.  Johnny founded HomeRoom after a career as an analyst in Silicon Valley and then relocating to Austin, TX.

 

Big Idea:  Investors can obtain outsize returns by investing in co-living housing.  Co-living is a trend where many young people prefer living with roommates for social & economic reasons.  This trend exists throughout the U.S. and a new industry is arising to provide a professionally managed experienced to both residents & landlords.

 

 

    

Dan Breslin: Welcome to the REI Diamonds Show. I’m your host, Dan Breslin, and this is Episode 194 on getting high return on investment through co-living with Johnny Wolff.

Johnny Wolff is the CEO and founder of the tech company, HomeRoom. HomeRoom is one of the fastest-growing co-living companies in the US. Johnny founded HomeRoom after a career as an analyst in Silicon Valley and then relocating to Austin, Texas, where, in both markets, he actually lived in co-living situations.

Today’s discussion centers around how investors can obtain outsized returns by investing in co-living housing. Co-living is a trend where many young people prefer living with roommates for both social and economic reasons. This trend exists throughout the US, and a new industry is arising to provide a professionally managed experience to both the residents and the landlords. Shall we begin?

All right. Welcome to the REI Diamonds Show, Johnny Wolff. How are you doing today?

Johnny Wolff: Good, Daniel. Super happy to be here and thanks for having me.

Dan: Nice. It’s an interesting business model. So when the booking agents connected us and floated you as a potential guest, I noticed this like, renting rooms kind of a thing, and it probably would be helpful to hear the origination story. Maybe what was the background, some of your experience, even pre-real estate investing? Certainly, a business model now. And then cap it off with kind of the business model as it stands today.

Johnny: Sure. For the last few decades, I’ve lived with about fifty different roommates. I think it’s kind of ongoing growth. I still live in roommate houses. But it really started after college. I lived in Silicon Valley. I worked in finance for technology companies and startups in the bank. And when you’re in Silicon Valley, you rent rooms. You don’t buy houses because they’re all million dollars.

And so we kind of developed different ways of finding new roommates on Craigslist and betting them, and then having really cool dinner parties. And honestly, our roommate house is like the hub. Some people lived alone, but they were boring. And people that lived in roommate houses, they’re the fun ones, and they had the cool stuff going on.

So I move to Austin, Texas in 2015 to invest in real estate more actively. I have been investing in single-family homes in Texas since 2008, which was about a year after I got out of college remotely and wanted to do that up close. And so I moved to Austin, bought a number of properties there in 2015, and turn them all into roommate houses.

And it was difficult to cash flow. It’s impossible to cash flow in Austin or very difficult. We can do it with home remodel, but it was pretty hard back then, too, with a standard rental and good area. So by renting by the room, I was able to get a lot more rent, and that enabled me to buy more aggressively while I was down there.

I moved to Kansas City in 2018 to kind of do it again with a different type of property. I kind of think of Austin as a really awesome appreciation potential market, but Kansas City is really stable as it gets cash flow. So I wanted to balance my portfolio.

And then when I moved here, I had a lot more trouble finding roommates than I had in Austin and San Francisco and thought maybe it’s about time that someone figures out this whole find-a-roommate situation where it’s not through Craigslist or Facebook Marketplace, and it’s not sketchy and weird and uncomfortable.

So that’s why I started HomeRoom in 2018, and we’ve, since then, housed over four hundred roommates in Kansas City, Austin, and Dallas. And yeah, we’re pretty happy campers on the tenant side. Now, we’re partnering with investors to buy these properties in these cities and happy investors as well.

Episode Sponsored by the Deal Machine:

Driving for Dollars Software to Build a Team of Drivers, Manage Routes, & Even Automate Marketing.  Free Access at  http://REIDealMachine.com/

 

Resources mentioned in this episode:

https://LiveHomeRoom.com/

 

Johnny & I Discuss Getting High Return on Investment with Co-Living Rentals:

  • How to Get 20% more free cash flow than conventional rentals

  • Tech Stack Developed to Run HomeRoom

  • Risks involved in owning Co-Living Rental Property

  • Scaling to more than 325 Rooms in Several States

    

Relevant Episodes: (There are 194 Content Packed Interviews in Total)

 

The transcript of this episode can be found here.
Transcripts of all episodes can be found here.