All Forum Posts by: Ellis San Jose

Thanks for the encouraging words Will. I will do my best to engage with BP, between projects and family. I don't think I can ever catch up to your 10,313 post number. That's amazing. I'm sure you have helped a lot of members with your knowledge.

Do your research carefully and find out if there the value is there. There are many altenatives.

Great resouces on options are material from Jack Miller,Mark Warda, Jack Shea, and Peter Fortunato.

I would take the basics from them and bring it to a good real estate atty. and CPA to make sure it is compliant in your state and meets your intended purpose.

Probate filings are public information, which is another reason to have your properties in a trust.

Head on down to the probate court, don't think a low paid clerk over the phone is the final word.

You are entering an area best answered with an attorney's help.

I love owner financing. The numbers and terms have to work for the deal, the advantage is you aren't stuck in the institutional box when it comes to terms. You can make the financing fit the needs of both buyer, seller, and what the property can support.

@Rob Shah

To wholesale, put it under contract and the assign it to another buyer. Where the numbers work and everyone profits.

Invest your time in education and skill before you invest your money into a deal . Read lots of books, take classes, meet like minded positive individuals, avoid negative people, who you spend time will greatly determine your net worth. Get paid to learn working in the industry. Open an IRA account with your earned income & create a habit of saving & investing.

@David C.

Yep, you are right, my HP10BII can't help me if I don't enter the right number for "n"

My Blog Post on my journey

1. Investment Type:non-performing & performing notes/apts & houses, some flips.
2. Geographical Location: California
3. Type of Financing: Private & Institutional
4. How many deals done before taking the leap: a lot
5. How much time from first deal to 2-weeks notice: 12 years
5. Ultimate Goal in REI: Create a passive income to live comfortably, to be content with what I have while I am pursuing my dreams, create an education foundation to provide opportunity for others, live my life to be good example for my kids & community.