All Forum Posts by: Brian Gibbons

Brian Gibbons has started 114 posts and replied 4413 times.

1 Vote

Originally posted by @Richard C.:

Oh Jesus Christ.

Actual lawyers have told you you are wrong. Go look up the "Central Hudson Test."

http://www.lawpublish.com/federal-courts/real-estate-solicitations.html

0 Votes

@Joseph Tarallo

Creative Financing has to do with acquiring properties with

Sub2
Lease Purchase and Lease Options
Land Contracts
Wrap Around Mortgages
Contracts for Sale
Private 1st Mortgages - Private IRA Loans
Installment Sale Purchases on Free and Clear Houses

You can make money for solving problems for home sellers using

Joint Ventures with Home Sellers
Lease Option Assignments

Don't Be a One Trick Pony

Be a Transaction Engineer

0 Votes

Ken

you can advertise you have a contract for sale

what you cant advertise the house for sale or post pictures which makes it hard for wholesalers to market the property,

you can always send to your buyers list pictures but you can't advertise on craigslist or other public domains

@Bill Gulley

@Jay Hinrichs

0 Votes

@Felix Goldstein

I invite you to talk to vena Cox Jones in Cincinnati who runs the REIA

I want you and every other Ohio real estate investor to understand the law and understand what the regulators want to see

Licensed agents and brokers don't like wholesalers because of the stories that they hear re the time that's wasted; with credit being tired, average person can't get a mortgage is easily, and there aren't a lot of institutional buyers right now like Blackstone

Credit is very tight right now and many agents and brokers are not making a lot of money and they have more time on their hands to complain about wholesalers to OH regulators

I think in Ohio having so many great "rent to value ratios" compared to other parts of the country, what I mean by "rent to value" is say you have $100,000 house that rents for 1200, that's a great yield

Ohio is not alone, Florida and California are mandating licensing to hold people are talking to homesellers about selling their house, to at least receive a certain level of real estate education, training, at least knowing the local and state laws

Selling your house is not like selling a car.

I encourage you if you're staying in Ohio get your license and buy as a principal with transactional funding and do whatever you want to do when you get on title

Good luck to you

0 Votes

Originally posted by @Brooks Rembert:

Title says it all. If I'm interested in still receiving some cash flow, can I stipulate that I'll only sell on Seller Financing? Even if it means I match the terms a buyer gets from a mortgage lender.

Brooke some involve a lot of us are financing and I always bounce my ideas off my RMLO

He knows Dodd Frank backwards and forwards and he can quote the CFPB

Find an RMLO in VA is my best advice and I wouldn't get advice on this forum unless they are an RMLO

1 Vote