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All Forum Posts by: Joemade Scott Carter

Joemade Scott Carter has started 9 posts and replied 37 times.

Post: Newbie SOS: Sending out Yellow Letters

Joemade Scott CarterPosted
  • Real Estate Investor
  • Cambridge , MA
  • Posts 42
  • Votes 10

Thanks Marlon!!! I'm excited and nervous all at once sometimes.

Hi everyone!

Thanks for your very informative and helpful responses. The seller is an older gentleman he's looking to move with his grandson in Arizona. And would like to sell to help his grandson buy his first house. The property is currently rented and needs little to no work. The seller is a general contractor so he took really good care of it. Also it is currently rented at $3700/month. Basically he just wants me to present something to him that works for the both of us, and then we can negotiate from there and come to a decision.

Hello,

I found a great owner financed deal yesterday. The property is owned by the seller free and clear. And he has offered me to do an owner financing deal. The property is worth about 320k and he's asking full price at 3.5 interest for 8-10 years. 

I'm a new investor so I'm very nervous and excited at the same time. I'm reaching out to you more experienced investors for help. I need an owner financing contract for the state of Maryland. Where or who can I get one from? And also can you can give examples of some offers. So that I can have an idea of the best way to format it? Also could I assign this deal to another investor as I do not have the money for the down payment. Thanks for your help. I greatly appreciate it.

Post: Newbie SOS: Sending out Yellow Letters

Joemade Scott CarterPosted
  • Real Estate Investor
  • Cambridge , MA
  • Posts 42
  • Votes 10

hello BP experts,

 I'm a newbie who's sending out my first batch of yellow letters. I'm using zillow to get the distressed property addresses but where can I access the sellers name so that I can personalize the letter? And I would appreciate any other tips. Thanks everybody!

thanks for feedback. I'm definitely going to place some ads. However I do not have 15 or 20 percent to put down, but I am saving rigorously. 

how do you find owner financing and subject to deals. Please help 

Post: What do new investors what to learn?

Joemade Scott CarterPosted
  • Real Estate Investor
  • Cambridge , MA
  • Posts 42
  • Votes 10

My goal is to do my first deal in the next 3 months. I'm scared that I don't know enough to go through with it. I want to either wholesale and or landlord.