Real Estate Agent · Beverly Hills, CA · Member since 2015 · 16 posts · 5 votes
I am a newbie in this business and I have been looking for a mentor/coach to guide me and help me navigate the rough waters of Los Angeles real estate. I had a VERY interesting 60 minute conversation with Brian Gibbons, who laid out his strategy for what he teaches his students, which was a completely unique and really the only specific strategy I have heard to actually compete and make money in the LA market. I was impressed and am inclined to choose Brian as my coach, but the program is not cheap, so before I hire Brian I'm wondering if there is anyone out there that has been or is his coaching client currently and can give me some insight into the strengths and weaknesses of his program.
I don't know much about Brian other than what I've seen on BP. I've never heard a bad word about him. But then, I didn't know he was coaching either so take whatever I say with a grain of salt!
I have read a million post on here about lease option assignments and owner finance type deals and when it comes to pure knowledge about putting these deals together and the legalities behind it @Brian Gibbons knows his stuff and is extremely helpful. I have never took his coaching class but if I had to go out on a limb here I would say its worth every penny. He is one of the few I would consider a legit coach instead of a money hungry guru.
Feel free to wait for other responses from his former students.. the beautiful thing about this site is that if his course is no good and not worth the money it will be said in this post shortly.
I have been on BP for over a year and have read thousands of posts and threads. Brian always gives great info and will answere any question he is asked. He is always someone i look for when i am trying to get an answere to anything involving creative financing. Coaching can get pricey but as far as having a coach that knows his stuff Brian definatly does.
I am happy to chime in on Brian Gibbons. He is an outstanding coach and mentor, he knows this business better than any "guru" you will ever meet, and the VALUE for what he provides is outstanding. Coaching like this is the way to learn this business - not a weekend guru course. And Brian Gibbons is among the masters at this craft.
While I wasn't officially been in his program, I've had hours of discussions with Brian over the past 2 years that have vastly improved my approach to REI. I am a better, more profitable investor today because of him, and I would absolutely consider hiring him as my coach. You should, too.
Brian has forgotten more about Sub2 and Owner-financing vehicles than I care to ever know. I've spent considerable time exchanging ideas with him, and have nothing but the most positive commentary for you...
Now - personally, he is nuts, and so are you. His is the most difficult approach to investing, in my opinion, requiring extreme fluency in the sport x10. But, if you want to go there, I am sure Brian can take you all the way.
Thank you for the kind words and I wish everyone could negotiate multifamily financing as you can, it's such a hard skill to teach
As to the hardest kind of investing I really don't think it's that hard if you well-trained
@Dev Horn I always appreciate your inspiration to newbies as far as marketing but also as to not being one trick pony and having three or four tools in your toolbox versus just having a wholesaling business; as you said perhaps 100 times be homeowner solutions provider
@Micah Copeland I appreciate all your hard work helping BiggerPockets posters and I always wish you the best in Tennessee :)
Here is my personal opinion. I have talked with @brian gibbons a few times over the phone at great length about rei and his approach. I am very interested in investing the way he teaches, it appeals to me greatly. I am working on getting the fees to sign up with him, hopefully within the month. I watch every video of his and read everything he posts or writes else were. He has not coached me but i have learned a lot.
@Keith Belzner thank you for the kind words and yes in the couple of hours that we talked you have the right attitude exactly for the terms side of this business where you're helping sellers sell on terms and maximizing their equity dollars and still making a good amount of money for yourself
I would forward to having you as a full-time student and doing well in Baltimore
@John Hixon thank you for the kind words; as one of BiggerPockets' trusted attorneys I've always enjoyed your posts and keeping people out of hot water in Texas :)
I just want everyone to know that I consider you an excellent salesperson and trainer yourself regarding what words to use with the seller as an investor agent, NOT just an agent and NOT just an investor
I just want everyone to know that I consider you an excellent salesperson and trainer yourself regarding what words to use with the seller as an investor agent, NOT just an agent and NOT just an investor
Greetings, how are you Brian? I to am new to the real estate business, I try to read as much as I can on the subject. If you could get in touch with or have an email i would explain in a lil more detail..
and Brian responded. I took this advice and offered the seller a JV. After messaging with Brian via phone he advised me to have the seller give me a property inspection so I could really see the scope of work to be done. I wasn't sure about that approach because after talking with the seller, I didn't think he would go for the property inspection at his expense. Brian's advice, "You tell him, 'if you get an appraisal I will be able to help you get cash for your fire damaged house. But you need to do a joint venture with me I will use my money to fix it otherwise good luck selling.'" The seller was so excited and convinced about the prospects that he asked me to JV on another property he has and wants to do future deals. I didn't present to him the margins above, so this is going to pretty much be a 50/50 split on profit.
I needed to get over the analysis paralysis that I had and just through a few text messages, I was able to see what the seller paid is not important and that the comps are the most important thing, and talk to the seller right away. Thanks again Brian.
Thank you for this post. It's very interesting because I am currently working a joint venture with a homeowner who has foundation issues. I was reluctant ro ask her to pay for a structural engineers report because she had all ready already paid for a home inspection. After reading this post and hearing several foundation horror stories I'm convinced this is an expense the seller must take on. Thanks again!
and Brian responded. I took this advice and offered the seller a JV. After messaging with Brian via phone he advised me to have the seller give me a property inspection so I could really see the scope of work to be done. I wasn't sure about that approach because after talking with the seller, I didn't think he would go for the property inspection at his expense. Brian's advice, "You tell him, 'if you get an appraisal I will be able to help you get cash for your fire damaged house. But you need to do a joint venture with me I will use my money to fix it otherwise good luck selling.'" The seller was so excited and convinced about the prospects that he asked me to JV on another property he has and wants to do future deals. I didn't present to him the margins above, so this is going to pretty much be a 50/50 split on profit.
I needed to get over the analysis paralysis that I had and just through a few text messages, I was able to see what the seller paid is not important and that the comps are the most important thing, and talk to the seller right away. Thanks again Brian.
awesome! You did great!
Remember the following when you deal with JVs with sellers
It's worth what the comps are today not what they paId in the past
Say "my job and purpose is to help you make money and for me to make money" , say that over and over again to the seller
If they say no today, keep at it over and over and over again to that either say yes or do something different
Be persistent with sellers at all times, never give up
I had a mentor and coach when I was young and that's why I teach and mentor for a fee of course to new and experienced people
I just got really lucky, and had a great conversation with Brian about a deal I'm trying to close. Originally I tried to wholesale the deal all cash, but now I have built up quite some knowledge of lease options, in only a simple 30 minute conversation.
There are plenty of ways to do deals instead of making low ball cash offers. You can construct terms, and Brian taught me that. He also mentioned he charged $7,000 annually to have him as a mentor, with NO deal splits.
God works in mysterious ways thank you Brian. Anybody who is struggling wholesaling right now, please consult with Brian and his team to learn different types of offers, alternatives, and solutions you can provide for sellers.
Great conversation, and advice I look forward to doing business with you!
@John Jackson back when I was coaching that student group that you were in, you were a day trader with two young girls and your wife was teaching school in Texas
What I'm most impressed about you John is that you found a way to work within the law of Texas when it was a mess in 2005 regarding executory contracts, you investigated the law and found the best way to do lease option assignments. You found the best attorney in Texas to help you get your contracts together, you know you're the best teacher in Texas
I wish all my students had your success of 500 plus deals, but it's your particular drive and commitment to helping people this made you a success
Just thought I would post a friendly experience I had a couple days ago with a very seasoned real estate coach named Brian Gibbons.
I saw him reply to a forum post on BP that led me to believe he certainly had some REI advice that would apply to me. So I connected with him here on BP and gave him a call. He was more than willing to offer me his time and expert advice, and he didn't even rush me off the phone at all or sound distracted.
I checked out his site and he has plenty of resources to help out all kinds of people in the REI world. I particularly liked the videos.
My takeaway: If you're a Realtor, you should certainly learn from him and his resources. He can basically teach you how to be a seller's real estate problem solver.
I just wanted to give him some public thanks since he offered me some free coaching without even knowing much about me.
Thanks for the kind words and your very sharp realtor and I hope that you look at creative financing and helping seller selling terms that are very little equity ,
The minor rehab with free and clear houses I think is a wonderful business model because
you help the seller so quickly
buy the house without a bank by giving a note for equity,
use private money to improve the property quickly, like an updated kitchen,
Make $10,000 or more as a JV fee plus your real estate commission
Home seller makes more money than doing a 70% times air V minus repair cost s
Go after those expired listings and make a TON of money this summer!