Posted by David Butler on January 06, 2001 at 14:57:10:
Hey… you answered your own question. You have purchased Carleton Sheets course and are ready to put it to good use. Though not one of my favorites, it lays it all out pretty basically, and a lot of successful REI’s have started there. The place to start is studying the course, connect the dots, and then follow the plan!!!
There are many excellent courses, and many ways to go in the creative real estate business - but, you have to start someplace, you already spent the money, and you have the material right in front of you. That’s as good place to start as any!
Now… if you are also looking for input with regard to the deal itself, you’ll want to include a lot more information about the particular transaction; i.e. what type of offer you are considering, what the property value and local market conditions are, along with some generic personal information regarding credit and income status, and what your investment objectives are.
Then some of the generous successful investors on this site will have some idea of what to suggest - and the place to post that message would be over in the Main Discussion Forum.
By the way, since financing is the backbone of creative real estate investing, I strongly suggest that you consider investing another $30 on William Broadbent’s excellent book on the subject, OWNER WILL CARRY.
Hope this helps, and best of luck to you.
David P. Butler