All Forum Posts by: AK Fowler

Adam Amero I just sent my first yellow letter 2 days ago. I used MS Word and fonts. Kept it very simple and printed and mailed 50 letters. You can also go to www.yellowletters.com and they will write and Mail letters. You just need to provide the list. It's about $0.75 per letter. Hope this helps.

I believe that the rent should be payed on 1st of the month. I do include a 5 day grave period but on the 6th day it's $100 late fee, each day after that it's a $25/day late fee. One of my tenants pays late each month and I receive extra each month. I don't send a Notice to Quit but that doesn't mean I shouldn't. I just give ample time because that's more money in the bank. The 21st day is when I would send a Notice to Quit and begin the eviction process. I have money in reserves so I don't stress about my expenses. Hope this can give a different approach to think about.

Patrick, Congratulations!!! I wish you the best & wish I had the wisdom to fill your need for a mentor. I'm sure you will do great!!!

I normally don't say anything but he asked. I'll look to be more transparent in the future.

So another question...They agreed that if I have a buy ready then they will sign all the paperwork to do the deal. Is it even smart/worth it to pursue this deal even though it's not under contract in writing. Only a verbal contact.

I don't think they can get more money. But I do think he's hesitant about me being a wholesaler. I was clear of exactly how the wholesale process works and he agreed that I should receive a fee for the contract. But then when I said I would send over an agreement, he started to get cold feet. Should I just try again from a different angle of coach them through it? @Lucas P.

That does make a lot of sense. But your right, that still doesn't secure the offer agreement @Michael G.

I need a little advice but more importantly need to be advised.

I spoke with a seller of a MU property over the phone. They would like to sell the property as they are no longer capable of managing the property. I negotiated a price but they aren't comfortable signing a contract. They are aware that I am wholesaling this deal and they respect my strategy. What is a good way to secure this deal under contract, before I market the deal? I have assured the seller that they can continue to market their property as I will market the deal.  I am new to investing so any advice is greatly appreciated.

Thank You,

Kevin and Amy