All Forum Posts by: Shango Collier
Shango Collier has started 1 posts and replied 73 times.
Post: Private Lenders - Where to start?
- Investor
- Indianapolis, IN
- Posts 80
- Votes 12
@Scott Wolf hi Scott! How can I connect with you regarding a SFR private money proposal?
Post: Debt Service Coverage Ratio
- Investor
- Indianapolis, IN
- Posts 80
- Votes 12
@Chris Seveney hi Chris, how can I shoot you a dm?
Post: Solo private lending startup, seeking constructive feedback
- Investor
- Indianapolis, IN
- Posts 80
- Votes 12
@Deborah Wodell do you prefer borrowers to have experience before reaching out to with a proposal?
Post: Creative Financing & Private Lending – Let’s Talk Deals
- Investor
- Indianapolis, IN
- Posts 80
- Votes 12
@Chris Seveney Hi Chris, how can I connect with regarding more lending criteria information?
Post: Code Violation Mailing List - Letter Results
- Investor
- Indianapolis, IN
- Posts 80
- Votes 12
Quote from @Jimmy Delcamp:
Hey Everybody,
Just wanted to share a little bit about my results with my recent direct mailing campaign. I got a list of code violations in my target city and found each of the people on the list who had different address than the property. Out of the first list of 600, I came to about 120 absentee owners. With this, I designed a letter, with handwritten envelopes and live stamps on them.
RESULTS:
- Mailed 120 on Monday evening, July 19, 2010.
- Received two calls so far.
- One was a land developer who just foreclosed on 120acres of land. He also has a house going into foreclosure in a few months. House is valued around $700,000.
- The other person that responded was an out of town owner of a property that consisted of a 3br house and four apartments in the back. All of the leases were just recently resigned. Produces about $3k/month total income. She bought the house a few years ago for $300,000 and just wants out of it.
So overall, not too bad of results for first mailing with a self-made marketing letter. Making an offer on the house and 4 apts tomorrow.
I just sent you a pm.
Post: BRRRR INVEST ACADEMY (NATE BARGER)
- Investor
- Indianapolis, IN
- Posts 80
- Votes 12
Quote from @Anna Slutsky:
I've been part of Nate's Brrrr Invest Academy for five months. I now have a portfolio of six rentals and completed two fix-and-flips. I can tell you this academy is a real deal! The education and support are incredible, as are the resources and the community. I bought all of my properties remotely, following Nate's strategy.
How much did you pay to join? What can you say the course helped you achieve? Lending, education, etc?
Post: FHA Subject To
- Investor
- Indianapolis, IN
- Posts 80
- Votes 12
Quote from @Michael Smythe:
So, do a land contract instead.
Can you explain how this would work if sellers want to purchase another home within 6 months?
Post: Where to find list of pre-foreclosures?
- Investor
- Indianapolis, IN
- Posts 80
- Votes 12
My county doesn’t provide this list or I’m searching the wrong way. Has anybody had luck with obtaining this list in Indiana?
Post: Interested in investing in the Indianapolis market? Read this!
- Investor
- Indianapolis, IN
- Posts 80
- Votes 12
Hi Devon, are you familiar with the markets preforclosure process? I am seeking to acquire more properties by way of this strategy but I’m having a hard time locating info regarding notice of default access.
Post: Seeking Advice on Structuring Seller Financing
- Investor
- Indianapolis, IN
- Posts 80
- Votes 12
Quote from @David Ramirez:
Quote from @Jeremy Anan:
@David Ramirez - Great stuff. Please share a sample "financial calculator" link that you leverage to determine the necessary terms to achieve that payment. Thank you
@Jeremy Anan this is what I use https://www.fmbanknym.com/mortgage-balloon-payment-calculato...
How are you coming up with terms for these deals? I seen that you offered a longer term for the first is that due to larger purchase price? I’m teaching myself the basics