All Forum Posts by: Charles Scott

@Owen Dashner he who names the price first loses I guess

@Kevin Reinell POF letters are rather easy to get ahold of these days, lenders will give them out for free. It's best to always check the POF you're being given to make sure it's not a generic template.

@Jim K. Like stay up all night sending out emails 💤😴

I am currently working to JV a deal, he has the seller and I have the buyer, the other wholesaler has asked me to send my vesting for the buyer. Is he asking me to send an offer sheet or a proof of funds? Or something else, please help.

@Mitch Messer greetings, I want to make a counter offer and be done with it if he’s not motivated, but it’s not full retail, it’s under market value. I’ll most likely assign it to another investor but I know they’d only purchase if the terms are right.

Greetings everyone, I’m new to creative financing but I was able to negotiate a seller into agreeing to terms, he quickly bombarded me with his terms, correct me if I’m wrong but It seems they were set up heavily in his favor.

The ARV is about 280k-300k

He wants 225k

100k Downpayment

2 year balloon

10% interest

30 yr Amortization

How would a creative finance specialist make this deal work? And what would you counter with?

@Eddie Cumberbatch you can do anything you put your mind to bro, continue learning and stick with it, once you have some reliable/consistent buyers that are confident in your ability to estimate accurate repairs and ARV, you'll be able to source deals for them all day long, find some flippers get their criteria, so when you lock up a deal you already know who to source it to, you won't have to deal with that uncertainty of not knowing who or when someone will take your deal. That's not fun lol. Good luck in your journey.

@Kyle J. That’s an excellent idea Kyle, and to give you a better idea, I am located here in Las Vegas so I was not sure how the rules differed as this would be my first situation of this manner.

@Alfonso Giacomucci so if you want to simplify for a second, if I’ve found a lot for 400k and the homes are selling for 2.5 to 3 million then I’d be in a good profit range correct?

@Filipe Pereira feel free to chime in on my question. Thanks