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All Forum Posts by: Dean Carter

Dean Carter has started 5 posts and replied 58 times.

Post: Motivated Seller Negotiations

Dean CarterPosted
  • Rental Property Investor
  • Fayetteville, NC
  • Posts 67
  • Votes 37

If it's a good deal for all parties, do it. Don't be greedy.  Particularly in the wholesale game word gets around if you are a straight shooter.  

Post: Why is wholesaling not as well known ?

Dean CarterPosted
  • Rental Property Investor
  • Fayetteville, NC
  • Posts 67
  • Votes 37

Kody!!!!

SHHHHHHHH! Keep it to yourself.  Less competition for us. Lol!

Post: $1.3 million in deals done in 2 years from out of state!

Dean CarterPosted
  • Rental Property Investor
  • Fayetteville, NC
  • Posts 67
  • Votes 37
Originally posted by @Kyle McKiernan:

I'm curious as to how you are only putting 15 and 20% down on these investment properties. Generally its always 25% as far as I know? Also are you being asked to show proof of reserve funds for up to 6 months of mortgage payments for each property? 

Kyle,

Try another lender or invest in another state.  I'm in NC, 20% down here for long term traditional loans.  Most of the short term and or unconventional lenders are at 25% down.

Post: $1.3 million in deals done in 2 years from out of state!

Dean CarterPosted
  • Rental Property Investor
  • Fayetteville, NC
  • Posts 67
  • Votes 37

Great post!  I'm looking to partner in NC if anyone is interested.  Lots of good buy and holds in my local market.  Get in touch.  Dean

Post: In need of a comp expert

Dean CarterPosted
  • Rental Property Investor
  • Fayetteville, NC
  • Posts 67
  • Votes 37

Beware analysis paralysis...if it's close, roll with it.

Post: Once I have a house on contract what do I do now?

Dean CarterPosted
  • Rental Property Investor
  • Fayetteville, NC
  • Posts 67
  • Votes 37

Market the property.

Post: Wanting to get out of rental property investment

Dean CarterPosted
  • Rental Property Investor
  • Fayetteville, NC
  • Posts 67
  • Votes 37

Lease to own.  TERMS.  No expert, but the way I understand it is you receive a down payment for the home, whatever you negotiate.  Then receive monthly payments until the lease is paid off.  Leasee handles utilities, maintenance, repairs, etc as if they own the property. You just collect monthly payments.

Post: Barely a sucess but lessons learned in Ann Arbor Michigan

Dean CarterPosted
  • Rental Property Investor
  • Fayetteville, NC
  • Posts 67
  • Votes 37

@joshua birk

Looks awesome!  Great job!

Post: Fix and Flip Great Investment? Yes or No??

Dean CarterPosted
  • Rental Property Investor
  • Fayetteville, NC
  • Posts 67
  • Votes 37

Is the land buildable?  Make sure it's not in the flood zone or swamp land.

Post: Equity as acquisition fee

Dean CarterPosted
  • Rental Property Investor
  • Fayetteville, NC
  • Posts 67
  • Votes 37

@Gino Barbaro

Could you use hypothetical numbers in your explanation?  A little fuzzy on how the equity works in the deal. 

Thanks,

Dean Carter