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Updated about 8 years ago on . Most recent reply

User Stats

93
Posts
23
Votes
Sonu Sharma
  • Investor
  • Frisco, TX
23
Votes |
93
Posts

Owner Financing Mentoring

Sonu Sharma
  • Investor
  • Frisco, TX
Posted
Hi all, I recently attended a one day workshop on owner financing hosted by Scott Horne and one of his partners in Dallas and the area seemed interesting but has a lot of potential variations. As I am new to that area, I am considering getting mentored by someone who has been there and done that for a few years. Of course, like everything else, mentoring is not cheap. They are expecting a fees in the 7k range to go over this. I thought of reaching out to the community before shelling out that big chunk of green. I have tried reading some books and attending other seminars on it and found the topic to be confusing with a lot of unanswered questions. I found Scott to be the most knowledgeable in the area. Plus his experience in RE law gives me the confidence that he can possibly help steer the legal battles better. What do you guys think about this high end mentoring ? Appreciate your insights.

Most Popular Reply

User Stats

74
Posts
31
Votes
Erich Beyer
  • Investor
  • Phoenixville, PA
31
Votes |
74
Posts
Erich Beyer
  • Investor
  • Phoenixville, PA
Replied

I purchased my second property when I was 24 that was owner financed. It was a duplex in downtown Phoenixville we brought 20% she financed the other 80%. You don't need to spend a dime on someone mentoring you. Ask them if they will finance some or all, them tell your lawyer or agent to write it up. Everything you need to learn you can read on these forums.

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