All Forum Posts by: Dennis Weber

I share the sentiments of many on here. I am sorry this has happened to so many as I was a student of Scott's and had promoted his training in the past. Like @Gene Chandler and others who I am close with in the note industry, Scott and Steph were good to us. The common theme was we took training but did not invest. Many of us made the mistake of promoting his business without doing our proper due diligence. As @Adam Adams mentioned, we are taught to trust our teachers.

For me what I find most disheartening about this whole situation is several of these judgments are recent and during this time he was posting pictures on Instagram of his multi-week European vacation including flying first class, taking multiple cruises etc.

Seems to be a theme Morris and his wife spent a month in Italy last year while the kingdom was burning down.

1 Vote

Are you going to put anything down?

0 Votes

Offer him 5% more for the property but with 0% interest and 75k down.

3 Votes

So, the borrower won’t have title insurance? Why would you quitclaim if you have clear title?

0 Votes

If you’re happy with 7%.

1 Vote

You can pay the taxes to keep it from going to tax sale but you’ll need an attorney to get ownership.

0 Votes

Here watch this. https://m.youtube.com/watch?v=5q8aEMvj28U&feature=youtu.be&inf_contact_key=c1abdaddbdd8aa61c7edee1d170e2c17b7af0999dac2af6212784c39e05d2aef

0 Votes

You really are in a better position that you might think. Don’t run out and get a lot of debt just yet. Credit score doesn’t mean a lot to a bank. It’s your fundability. There are 39 data points you need to know about. There is a company that does a two day webinar I highly recommend for $97. It’s really intensive and helped me out a lot. It’s not about credit repair. Afraid to mention them or this post might be removed for advertisement. So pm me and I’ll tell you.

0 Votes

Originally posted by @KaTrina Jones:

Thanks @Brandon Sturgill the property is free and clear... points to the seller... he said he may possibly want a few thousand for good faith as a downpayment. I never secured an owner financed deal. Its a SFH.

Okay, but the numbers needed to calculate payment are loan amount (after down payment), amortization (you can calculate what payment is by knowing how many years you are calculating for understanding that you pay the rest of the principal after 3 years), interest (12%).

0 Votes

All Forum Posts by: Dennis Weber

Dennis Weber has started 12 posts and replied 309 times.

Post: Tree Removal- Indianapolis

Post: DO NOT INVEST with SCOTT CARSON (We Close Notes) or Inverse Asset

Post: owner financing on a duplex

Post: Need creative ideas on seller financing

Post: Quit Claim vs Special Warranty Deed?

Post: New PPR Reliant Liquidity Fund. Thoughts

Post: Code Enforcement Tax Lien

Post: No Credit Score, Need Help With Financing!

Post: No Credit Score, Need Help With Financing!

Post: Help with calculating seller finance deal