Many people ask what is my day like because they want to emulate my habits. I realized that my greatest achievements were a combination of both Consistent Disciplined action & a series of "Sprints". $100k sprint, $500k sprint, $1m ..... etc. This reminds me of the categories or phases of an investors life that were used around the Jack Miller or "Miller-ites". I borrowed the descriptions below from Vena Jones-Cox (https://regoddess.com) She's a well respected investor so I encourage you to check out her content. Starter: Still learning & exploring Estate Builder: Estate builders are in the process of acquiring enough property (whether that be single families, multi families, commercial properties, or even notes) to produce enough income to completely pay for their lifestyles. Ender: Meaning that they no longer, for the rest of their lives, have to get ANY income from trading hours for dollars, nor do they need to get any more assets to live happily ever after. This doesn’t mean that the ender never does another deal, but she does it because it’s interesting, or helps someone else get started, or to set up the next generation of her family for wealth, not because she has to. I always cringe when people ask me if I'm an "ender" & I feel like it's a label that keeps me exercising & eating healthy because "ender" sounds so morbid. So I created a category just so I can feel better. I call myself a "Reluctant Ender". I still enjoy the hunt & I consider myself a lifetime learner & perpetual student. I love this game I'm so grateful I can play everyday. My schedule as a "Starter" & "Estate Builder" is vastly different than it is today. I realized that my greatest achievements were a combination of both Consistent Disciplined action & a series of "Sprints". $100k sprint, $500k sprint, $1m sprint etc. What do you think about a program based on ($$$$ fill in the blank) Sprints? Small groups with realistic & stretch targets. Could be fun & profitable.

If you are part of a partition action, or are thinking of bringing an action, knowing the process is powerful. Once each of the owners have been served with the complaint and related materials, and filed their own legally-valid Answers with the Court, then the court will determine the parties' interests in the property. This process can occur through a motion with the court, a trial, or an agreement between counsel about the nature of the parties' ownership interests. Generally, the determination of the ownership interests in the property will occur by a simple reference to the deed on file with the county. Sometimes, however, further investigation may be necessary when there are arguments about ownership interests as alleged in the deed. These arguments are generally based on the differences between joint tenants and tenancies-in-common, or about an agreement that the parties made with respect to the property at issue. You need an experienced partition lawyer familiar with all the nuances of deeds, that will be able to provide insight into the different arguments that can be made about the nature of a party's interests as set forth in a deed. When the ownership interests are determined, this will signal the end of the first phase of the partition action. The formal conclusion of this part will take the form of an interlocutory judgment entered by the court.

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Property - 3/1 house in California, 100% equity. As-is value 600k with 100k in tax delinquency. Equity - 500k net equity after taxes. Title - Still in father’s name. He passed in 2019. Wife predeceased him. Open probate for 3 years, not yet finalized. Interest - 4 heirs total. 3 heirs from the first mother are aligned and working the probate together. The 4th heir is from another mother and has been completely cut out of the process. She isn't mentioned in the probate docket. Threats - I have only been able to reach the 4th heir. She’s open to working with me but needs to prove she’s the biological daughter. The other 3 have been hard to reach. Opportunity - Buy the 4th heir’s interest and step into her place. Negotiate with the 3 or litigate if needed. Questions - #1- Is this a deal you would get into assuming the 3 heirs will fight the 4th heir interest? #2 - What would be a reasonable offer for the 4th heir for the 125k interest (500k/4)?

Before probate closes, an heir/beneficiary doesn't own specific real property they hold an expectant, contingent interest in the estate (a right to eventual distribution). You can't get a deed to the house itself yet. What you can acquire is an assignment of the heir's beneficial interest basically, you step into their shoes as the person entitled to whatever they would have received when the estate is distributed. This is done through a private purchase/assignment agreement, sometimes coupled with a "notice of assignment" filed with the probate court so the personal representative and court know to distribute to you (or your entity) instead of the heir. The governing statute: Cal. Probate Code § 11604.5 This is the key law you need to know cold. It applies specifically when a transferee acquires a beneficiary's interest "for value" (cash or other consideration) and it applies with extra scrutiny if you, as the buyer, regularly engage in purchasing beneficial interests in estates for consideration