On the beartracker carb, There is a nipple sticking out the bottom that is to drain the carb if you open the drain screw.
When the drain screw is closed, nothing comes out, but when I put the fuel shut-off to the on position, fuel starts coming out the drain nipple.
HELP PLEASE!!!

 

I can think of 2 possibilities here. The one that is most likely is a stuck float, this will hold the valve open, and overflow the bowl (drain nipple is also the overflow nipple)

It's also possible that a seal went bad on the drain screw, but I never heard of that happening before. Start by removing the carb, taking the float bowl off, and making sure the floats are moving freely.

 

Thanks for the help! I'll check the floats.