Official Carleton H. Sheets^® Website

All right. Let's analyze a little bit more.
Linda must have nothing better to do than be negative- if you don't like our system don't invest. It is that easy. Thousands of people really enjoy what and how we do things.

1) Do your buyers know the specific property/ies they are buying before they give you any money? (Or do they give you money and you tell them what house/s they bought?)
Our system is such that you get the next house that comes out. So yes money first. This is why we have a guarantee of a minimum value. Again if you don't like it don't invest. I'm not twisting your arm Linda. This has been being done for over 20 years.

2) Do people get to actually see the house before they buy? No they don't. Once they purchase we will send out pictures and a review of the property. If it is not what we say, we will exchange it. Again don't invest Linda- we don't even want you as an investing partner.
3) Do your buyers have an option to turn down any house they don't want to buy? No, our investor clearly understand what we do and like it. The know they are getting a piece of property for 30 cents on the dollar, a system where they cash flow and an exit strategy to turn a profit. But keep doing what you are doing!!
4) How are you paid? I get paid a sales commission like any job! What is your profit? If you were serious at all instead of just being nasty I would share this with you. So change your tone a bit and I will tell you! Is it so much per house, or a certain commission? I get paid per home! I know what my Realtor makes, you should disclose that as well. I will disclose it to my investors, which you are not. I am open about everything and have nothing to hide- so keep trying to expose us! These are all great questions!!
5) Are you a Realtor or a broker? We own the homes and do not need to be a realtor to sell personal property. Plus who wants to pay real estate agents.
6) Are all houses sold "as is" w/o the utilities turned on? Or can a complete inspection be done? Homes are sold as in and the tenant we place in the homes are in charge of all repairs and upkeep of the home. The investor acts like the bank and the tenant acts like a home owner. I wouldn't call up my mortgage company right now if I had a problem with me residence. Again Linda- don't invest with us.
7) Whose name will be on the deed? The investor!! We will give you a clean _title_ and a deed! Your buyer? Or is it held in some sort of corporation (and you buyer has no say so in the rehab or re-sale.) It is your home you can do what you want with it. Our management company will ask you if and when you want to even sell the note. A lot of our investors chose not to sell the notes because they like the cash flow. We have more than one investor that has 100 homes and cash flow on everyone!
8) Is your buyer expected to buy a house in another area (possibly another state) that in all probability he will never see? Most of our investors have never been to the home or state that the home is located. AGAIN- no one is twisting your arm. Investors love what we do and if it's not for you then that cool! I don't want any of your information. You called me!! I have e-mailed you a few times to see where your anger stems from and you are too afraid to have a conversation with me. Keep doing what you are doing and I wish you the very best of luck. I will no longer be responding to any posts by Linda. Any real investors out there that would like more information I am happy to talk to you!
Carleton himself can call!

Yes we have notes that are ready to sell. Please e-mail me at jamesl@goinvestwisely.com with you contact information and I will have the owners contact you. Thank you for your interest!
James

Jamsun-
Thank you for answering my questions!
FWIW, I'm certainly not angry. I actually have one of the more positive attitudes you will ever encounter. I was protective. I was concerned. I was cautious. But not angry. You, sir, on the other hand, sound very angry, simply because I asked you to answer a few (really good) questions. I didn't answer your e-mail, because I did not want to have private dialogue with you. I wanted you to answer publicly, so everyone could see for themselves and the have the necessary information before they invest with you.
And, just the opposite is true when you say I "must have nothing better to do than be negative." I spent all of the last two weeks, enthusiastically rehabbing a condo I paid only $22,950 for! (Prior to that, I was on vacation in Texas, visiting my daughter for a week.) I was busy picking out new kitchen cabinets and bathroom vanities and flooring, and arranging for new windows, getting estimates on heating repair. Then my I spent the rest of the time painting. Carpets are being installed on Tuesday, so I have to be done by then. I spent $11,190.86 on demolition, repairs and material (total investment $34,140.86). I already have a buyer for it, paying $65,000. So that's a profit of over $30,000 in a little over a month. I like the way I do business. (As soon as the carpet is installed, I will post some before and after photos of the condo, so everyone can see!)
You program is as I suspected. It's much too great a risk for me, plus I am a very "hands-on" investor. I love to find the properties, do the fix-ups, and find the tenant or the buyer. I also love to keep all the profit myself.
Your program will only work for investors who like big risk and never want to see the property or tenant, and be kept totally in the dark. This is definitely not for me. I, personally, would never put my investment someplace where I had no control.
I would also caution each person to find out what the Landlord/Tenant laws are in your state. Some states would require the Landlords to make the repairs and provide maintenance on the property, not the tenants (which is a huge concern in a program like this, because the houses are in such distressed shape to begin with). And seriously, would you want the tenant doing the repairs themselves? Chances are, it wouldn't be done right and could possibly further damage the property! Any lease has to abide by Landlord/Tenant laws of your state, regardless what you actually put in the lease. You wouldn't want to find yourself falling into a money pit. I also find it hard to believe (even in states where this is allowed) that tenants who would want/need to live in a distressed property would even agree to do all maintenance and repairs on the house, and if something big came up, that they could even afford to do the repairs. I just had to spend $4200 on a new roof on one of my houses. Not to many lower income/desperate tenants could afford that. They would be more inclined to up & bail on the lease to avoid the $4200 expense, leaving the repairs and the cost to the homeowner!
Carleton's course shows us how to make wise investments on our own. It is very practical, solid information and minimises risk for each buyer who uses caution when analyzing each property. His method is tried and true. I'm more comfortable with his system than yours, and I hope other forum members are as well.
I'm just cautioning people, jamsun. I wish you and your investors well. Have a great day.

FYI - I pulled the pertinent issues from the Ohio Landlord Tenant Law; 5321.04 Obligations of landlord
(A) A landlord who is a party to a rental agreement shall do all of the following:
(1) Comply with the requirements of all applicable building, housing, health, and safety codes that materially affect health and safety;
(2) Make all repairs and do whatever is reasonably necessary to put and keep the premises in a fit and habitable condition;
(3) Keep all common areas of the premises in a safe and sanitary condition;
(4) Maintain in good and safe working order and condition all electrical, plumbing, sanitary, heating, ventilating, and air conditioning fixtures and appliances, and elevators, supplied or required to be supplied by him;
I would urge everyone to google "'your state' landlord tenant law landlord responsibilities" and determine if what Jamsun is proposing is even legal in your state.