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Anyone Can Become A Real Estate Investor

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Many feel that an investment in real estate is something that can only be done by other people. That it’s enough to rent an apartment and get by, as anything more is too difficult. But Michelle Vega has spent a lot of her career proving that all have equal opportunities and possibilities when beginning a real estate journey, and not just to own a new house, but also to turn that house into a form of income.

Hailing from the heart of New Jersey, Michelle always had dreams of making it big. She started into the world of employment at the young age of 13, when she began helping her grandmother manage her flower shop. The experience she gained in this fast paced environment enabled her to create career goals for her future at an age when many people don’t yet understand what it means to hold down a job. Michelle Vega used her skills to take on two, part time jobs during high school, and was set on working in a life of sales afterward. After graduating, she moved to North Carolina on a hunt for bigger and better opportunities. Despite deterrents and roadblocks, Michelle never slowed down, and used every hurdle as a way to learn something new, or otherwise better herself. Experiences working for other companies eventually brought her to the realization that the only way to realize her full potential would be to eliminate ceilings created by other employers. She set out to get her real estate license, and, very soon, began a career as an entrepreneur.

But Michelle Vega’s motivation for making it big in the real estate field wasn’t just so that she could become a successful entrepreneur. During the journey that had led her into her new life, she’d seen that there was an untapped market of home buyers. Buyers that reminded her a lot of herself. In her search for employment and opportunity, she had found herself held back many times due to the simple fact that not everyone would make time to assist those just starting out. It meant more work and guidance, and many people were not willing to put in that extra effort.

Later in her life, when Michelle Vega entered the real estate field, she vowed to attend to this portion of the market that she felt was being neglected. She realized that there were people everywhere that had the same questions she’d had, and were being largely ignored because of this extra attention they would need. She didn’t plan, however to simply sell these people houses. She wanted to help them make decisions that could give them a new life. Personally, Michelle had begun purchasing homes with the intent of using them as investment properties, and it hadn’t taken long for her to see the long term benefit in this strategy. She wanted to help others who had been in her position to do the same. With this goal in mind, she began focusing on the groups of people who needed the most help. People who hadn’t had the chance to develop a high credit score, people with student loans, people with pending immigration statuses…she invested the same amount of dedication into these lives as she’d put into her own, and immediately began to see results. In 2019 alone, Michelle Vega sold 130 houses. Shortly after, she began creating her own team of Realtors, and, in 2020, they sold 230 houses. With the numbers still rising, this team has surpassed 300 homes in 2021. But she didn’t just sell these people houses, she provided guidance and mentorship to them so that they could use their properties as investments rather than just homes. In fact, this is what Michelle Vega loves the most about her job.

“I love the ability to change lives. If I help a single mom today, making $13/hr buy her own house, even if it’s not the dream home, she can make an investment in her family’s future. In a year (the way the market is trending), she can sell that house for a profit, and buy another. Or start buying rental properties with the equity she has acquired.”

Over 90% of these homes have been bought by first time home buyers and those immigrating from other countries. Many of these people may struggle to find employment that will get them ahead in life, but Michelle is proud of the fact that she is able to help these families set themselves up for a better future by guiding them through the process of real estate investment.

Rosario is from New York and has worked with leading companies like Microsoft as a copy-writer in the past. Now he spends his time writing for readers of BigtimeDaily.com

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From Contracts to Counsel: Your Essential Guide to Hiring a Probate Attorney in Chicago

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Like many people, you’ll come across the term probate after a loved one, such as a parent or spouse, passes away. So, what is probate, and why do you need an attorney for it? As defined in Forbes, probate is a legal process that occurs after death. It entails transferring the assets of the decedent (the person who passed) to beneficiaries named in their last will. 

With that in mind, having a probate lawyer by your side is essential. The last thing you want to do is deal with the legal complexities of settling a loved one’s estate while grieving. A probate lawyer oversees the validation of the deceased’s will and the fair distribution of assets among family members. One challenge lies in finding a top-quality probate lawyer.

In this guide to hiring a probate attorney in Chicago, we’ll discuss the tips to identify the right legal professional for probate proceedings. 

Understand the Responsibilities of a Probate Lawyer

It’s difficult to hire a talented probate lawyer when you don’t know what they do: Start by understanding the roles they play. 

When you work with a Chicago probate lawyer, some tasks they might do include: 

  • Act as an estate executor or administrator 
  • Collect proceeds from the life insurance policies of the deceased
  • Identify and secure the decedent’s assets
  • Get an appraisal for the deceased’s estate
  • Pay debts and resolve estate tax issues
  • Prepare and file documents required in probate court
  • Transfer assets to rightful heirs
  • Represent you in litigation proceedings if someone challenges or contests the will

A probate lawyer could also help you and your family navigate state inheritance laws if a loved one dies without a valid will. That way, you can avoid unnecessary taxes or other ramifications of not creating a will, such as losing ownership rights of the deceased’s business or financial support.

Search for Lawyers Online and Offline

You’re probably thinking, where do I find the best lawyer to hire? You could seek referrals from friends or colleagues. Friends who worked with probate attorneys before might provide important details, such as how the lawyers communicate and handle the probate process. 

Alternatively, do a simple online search using the terms “probate lawyer near me” or “probate attorney in Chicago.” Go through various websites or online directories and write names of lawyers with positive ratings and customer testimonials. Then, contact the potential lawyers to set up free consultations. Note that not all legal professionals offer free consultations, so make sure to ask before setting a time in your calendar. 

Ask the Right Questions

A free consultation provides opportunities to ask questions to better understand if the lawyers in question have the qualifications to handle your probate case. 

Four questions you might ask attorneys during the initial meeting may include:

  1. Do You Have Experience in Probate Law? 

When evaluating lawyers, prioritize experience. An experienced probate lawyer is aware of common pitfalls that can result in the probate petition being postponed or dropped by a judge. To feel more comfortable about an attorney’s expertise, ask them if they’ve handled probate cases similar to yours before. 

For example, let’s say the deceased owned a substantial estate or had complicated assets like royalties and mineral stocks. Working with an attorney with a track record of successfully handling cases like that could save you time and money in the long run.

  1. What Do Other Clients Say About You?

Experience alone doesn’t make a probate lawyer perfect for your case. Look for someone with an outstanding reputation. These reviews likely live on Google next to their business profile or are featured on their website. If you can’t find any endorsements, ask for testimonials written by past clients. 

One point to focus on is what reviewers say about the lawyer’s efficiency and speed. Beyond that, does the lawyer offer expert guidance, conflict mitigation, and proper asset management during probate? 

A probate attorney in Chicago, IL, should be an efficient expert in asset preservation. This can be crucial to helping avoid hefty taxes and excessive debt claims. Additionally, if the lawyer receives positive feedback on conflict mitigation, it suggests they have experience in resolving or mitigating family conflicts that tend to stall the probate process. 

  1. How Long Does Probate Last? 

One way to test a probate lawyer’s knowledge is by asking them, “How long does probate last?” While the numbers vary, probate can last for a few months to over a year in many states, including Chicago. When highlighting factors that affect the duration of probate, your counsel might mention things like estate size, family disputes, debt and taxes, absence of a will, and state laws.

A knowledgeable lawyer can explain clearly why your probate case could last a few months or even years. A lawyer that makes too brazen or hard-set of promises might not be the most honest. 

  1. How Do You Want Us To Communicate? 

There’s no hard rule on how you and your probate attorney communicate. You can talk via text messages, email, video calls, or phone calls. More importantly, check that the attorney communicates in simple language to help you understand your case. 

In fact, one essential of a lawyer’s dos and don’ts to gaining clients’ trust is to avoid making clients feel clueless. If a potential lawyer uses complex legal terms or avoids communicating directly, search for probate services elsewhere.

Conclusion: Finding a Probate Attorney in Chicago

Reviewing the will of a loved one after their death and ensuring fair distribution of their assets often involves complex legal issues. For this reason, consider hiring an attorney who specializes in probate law. 

To maximize your chances of finding the right probate lawyer, familiarize yourself with their responsibilities. Next, search online for lawyers within your state or ask for recommendations from people you trust. Then, interview prospects to help ensure they possess experience, a remarkable reputation, communication skills, and knowledge of probate law.

Settling the affairs of a loved one who has passed on can be an overwhelming time. A probate attorney can help lift some of the pressure off your shoulders as you focus on grieving and healing. 

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