And so, when I saw the new infomercial for “Jim Banks’ Probate Profit Made Easy,” it was clear that it was no real improvement on the three-day probate investing seminars that I visited – and wrote about – in January 2006. As a cheaper version of the same materials – packaged for a mass market instead of being sold in smaller meetings – the educational package may be gussied-up and slick, but it’s still a Stupid Investment of the Week. Banks seminars – there’s little doubt that someone can make money using the methods described therein, but that the successful probate investor is not going to be the average guy watching late-night or early-morning infomercials. Probate investing involves finding properties – primarily real estate, but also personal possessions – where the owner has died and the heirs are trying to clear up the estate quickly. There is also no mention of how many trainees actually succeed in probate investing; a Guthy-Renker phone representative said he had “no way of knowing” how many people who buy the DVD actually wind up succeeding in probate investing. read more

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