All Forum Posts by: Matthew Parrott

Hey everyone, I have been trying to get a FB group going for a while now. It's not super active, but the more people who use it the better it will be. I am a part of one in Ft Wayne and it's really great. If anyone wants to join you can do so here:

https://m.facebook.com/groups/210457183091634?ref=bookmarks

@Michael Duncan I am not nearly as experienced as many here, but I'm my experience with seller finance you are many times dealing with folks that can't get financed. Think usually results in a premium in rate and a down payment of around 10% when they purchase. So, in your situation you would want 9k down and charge closer to 8%. There are a couple ways to do it, but I typically like for the buyer to be responsible for paying insurance and taxes, but I collect taxes in their payment and pay them myself so there are no issues and I make sure that I am listed on the insurance policy in first position just like a bank would in case of a fire or something. Also you can choose to amortize the the property over a lower amount of years of you need to increase your spread.

February 27th, around 8PM MT

@Matt Motil is he on Bigger Pockets?

I have dabbled in real estate for about 10 years. I bought several properties prior to 2008, that then went sour. Since then I have bought 2 paid for 20-30k houses, and my last home we have turned into a rental. All 3 of them are being managed through a PM company since we have moved several times and I didn't have the kind of success managing my own properties back around 2008 that I wanted to.

Fast forward to now, I am looking to invest full time now, just having moved back to the area, I have been looking into getting a full time job as a back up or temporary mesure, but I would really like to invest full time. I would love to find someone already in the business that would love to mentor me in this area. Someone I could learn from, do some of the annoying jobs you don't enjoy anymore, possible invest with you in some deals, and hopefully make some money in the process. If you have a company and need full or part time work, I would prefer that over getting a full time job somewhere else, but I am open to any ideas. 

You can click on my profile and email or call me, give me your thoughts? I had my own successful buy sell online and craigslist for about 3.5 years, I have a decent amount of business understanding as a result, but making this jump is so overwhelming. Looking forward to hearing from everyone!

Originally posted by @Richard Dunlop:

Originally posted by @Matthew Parrott:

@Richard Dunlop did you get that house?

Yes!

 I did buy it for $1275

Congrats!!!

@Richard Dunlop did you get that house?

@Jim Tiernan What you may be able to do, if you have android, is set up several google accounts, and get local google voice numbers on each account, and then log into all the accounts via the hangouts app. I can't be 100% sure it will work, but it may be worth a shot, I know you can be logged into hangouts with multiple google accounts, but I don't have multiple google voice numbers to try it with, so...

I just saw this thread, and haven't heard of people talking about c class properties or b class properties, and wasn't exactly sure how to search for that information. Can someone give me an overview on how properties are classed?

Thanks guys!