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What Happens to a House in Probate? 3 Common Paths for Estate Property

HomeLight

A house can avoid probate if it’s automatically passed on to survivors via a living trust , joint ownership , community property law , or transfer-on-death deed. So what happens to a house in probate? Other times the personal representative of the estate (also known as the executor) will need to sell the house with probate oversight.

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8 Red-hot Real Estate Niches That Can Double Your GCI in 2024

The Close

Thankfully, short-term rentals (STRs) are still lucrative, even in the current economy. It’s true that escalating home prices, along with increased regulations and fees, have slowed the STR boom of 2021. Gain as much knowledge as you can around real estate as a business. That leaves more people flocking to rentals.

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Benefits of Investing in New Construction Real Estate

Norada Real Estate

When it comes to investing in residential real estate, there are only two basic types of property you can invest in – new construction and resale. If your investment focus is on pre-foreclosure, foreclosure, bank-owned property (REOs), or probate sales then you are likely to be purchasing resale properties. for up to two years.