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Scalable Real Estate Investing

#39 Unlocking Value Leveraging Probates with Al Nicoletti

Nov 9, 2021
37:07

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Al Nicoletti kills it on Florida Probate, going above and beyond for clients. Formerly educated and graduated from the University of Miami (Bachelor of Arts in Music and Minor in Business Law) and Barry University School of Law (Juris Doctor), Al is a Florida Bar Attorney with the capability of handling cases across the state and headquartered conveniently in Jacksonville, Fl. 

Specializing in Real Estate Law, Al serves investors, business owners, contractors, landlords alike regarding Probate, Probate Litigation, Foreclosure Defense Litigation, Trust Administration, Wills, Trusts, Estates, Personal Injury, and much much more. 

Al’s success has been driven by the desire to serve each client with the attention they deserve, going above and beyond to find the most creative solutions, even if it takes an extra trip to the courthouse to see a Judge. 


Episode Highlights:
- Probate is a legal process that is required in Florida to transfer the title of a property from a deceased person to her or his heirs so that the heirs can legally sell and convey the property. 

- Probates start at a cost of approximately $2,500.00 and increase from there depending on the time and complexity of each case. Al is able to complete a simple probate within 2 to 8 weeks.

- Probates are often a great tool to unlock value in a deal that other investors might walk away from. They can often solve very large title issues.

- Quiet title is a longer, more expensive lawsuit that notices every possible party that may have rights to a property and extinguishes them from the chain of title if each party does not respond within a specific time period.

- Adverse possession is when someone can take ownership of a property if they have maintained and added value to the property for a period of at least 7 years in the State of Florida. For other states, this 7-year time frame may vary. Adverse possession can be bifurcated into those cases that have the color of title (the person seeking ownership of the property is on a deed, judgment, or court order) and those with no color of title (the person seeking ownership of the property is NOT on a deed, judgement or court order). For cases where there is no color of title, the person must prove that they have been paying taxes and must file a tax department of revenue form within 30 days after the 7 year anniversary of paying taxes. If the person has color of title, she or he does not need to prove that they have been paying taxes.



Helpful Links:
Facebook: https://www.facebook.com/flattorneynicoletti/
Instagram: https://www.instagram.com/attorneynicoletti/?hl=en
Youtube: https://www.youtube.com/channel/UCjBxmuAXQBJiQJKHR-GU4ww
The Al Nicoletti Show podcast
https://alnicoletti.com/


Best Way to Contact Al:
Phone: (904) 999-0053
Email: al@alnicoletti.com

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