Ellis San Jose

I have a property in Sacramento, CA. Picking it up for 27.5k We are about 1-2 months before the sherrif comes knocking. My Probate Professional Feduciary said we are clear to close now. Should I acquire it the moment they are out or acquire it now? Every time I’ve tried presenting a cash for keys scenerio, the squatter has been high as a kite and the conversation gets nowhere. I plan on trying one more time since she’s about to get released from jail. I have a short window before she starts abusing again. Any advice on how you guys frame cash for keys? I have to move quick before it’s assigned a Recievership. Thanks!

New comment 4h ago

Ellis San Jose

1 like • 4h

@Daren Quebada have a U-Haul/truck when you show up with cash and release form. Be ready to secure the property and change locks, perhaps one of your contractors guys to watch property

Ellis San Jose

2d •

General discussion

No Summer School class on Wednesday

If you are needing support on homework please reach out! See you next Wednesday

Jun 2 •

When you combine both Curative + Creative, it takes fewer transactions to create financial freedom. These proceeds are tax free. I’ll dive into this more in Summer School.

New comment 5d ago

Ellis San Jose

3 likes • 7d

@Aaron Page Once you have an asset with cleaned up title & stabilized income you will have multiple sources for loans for your next deal.

Ellis San Jose

1 like • 5d

@Aaron Page the tax free part is because the debt remains active but simply transferred to another property. I pocket proceeds that would have been used to payoff the loan on the sold property. Equivalent to a refinance. No tax on a loan