After many years of disappointing stock market yields, the get-rich-quick crowd has moved on to real estate. You may know somebody who’s made a killing by buying and selling properties. The pitch from the ‘discovering probate’ crowd is that the world of probate real estate is relatively uncluttered by competition; therefore, the returns are very high.

Some were knowledgeable and eager to affirm that other types of real estate investing paled in comparison. For example, foreclosure real estate investing is apparently old hat, and way too competitive. A few years ago, foreclosure auctions were miserable little affairs. Now they attract a crowd just slightly less excited than the LSU fans at the Final Four. Not a good place to be looking for profits.

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