All Forum Posts by: Brian Gibbons

@Dmitriy Fomichenko

Awesome website

@Brian Eastman

Awesome Website

Books

https://www.amazon.com/gp/registry/wishlist/3157HO...

Best idea is to look at custodians and learn about "private banker concept". Go to www.TRUSTETC.com

By the book from Amazon written by Patrick Rice called "IRA wealth"

Then go to CPAs and offered to do a self-directed IRAs presentation, many times custodians will help you with the presentation

In my presentations I generally talk about what are all your choices are to get a good rate of return for your retirement

The stock market just lost a lot of value recently

Talk about the debacles of WorldCom, and wrong, and Bernie Madoff.

Then talk about the rule of 72 which means how long it takes a set amount of money to double overtime

Note: This does take some time to develop but once you have private lenders that create so if directed IRAs for a good ride return such as 6 to 10%, at your disposal you have a lot of choices especially in cheap markets

@Rob Beland

The IRS does not stop or prevent the no interest installment sale

As a buyer you can structure an installment sale so that there is no interest today but there is imputed interest to be charge from the IRS at a later time

Search "imputed interest" on BiggerPockets

@Jeiby V.

Taking massive action is one thing, 

ready fire aim is another. 

As we spoke on the phone,  New Jersey is a tough state for creative financing, you need excellent lawyer representation for your business, and everybody sues  everyone in New Jersey

"Luca Braza swims with the fishes, old Sicilian message." That's a Godfather I  reference lol

I would find a re broker that's 60 years old or older that knows seller financing and He she can help you find an attorney in NJ

I would also work on your real estate license so you can effectively reassure sellers

Keep in touch!

Two things come to mind:

Send a postcard with return address correction requested, The US Post Office will find the forwarding address for you

Www.findtheseller.com

I've heard good things about that website

If you love your friend don't ever, ever do a contract for deed sale

I would do a month-to-month lease with top market rent

I would give him a "right of first refusal" and bring him down with a filled out mortgage application 1003 app to a mortgage broker or originator or bank

If he runs out of income then he just cancels his lease and you've  kept your friendship

See a lawyer about the ROFR

@Bill Gulley

@Hattie Dizmond

Hi @Helen Kirk

You can do a lease option assignment:

1) Enter into a lease and option with the seller

2) Sell Your agreement for a fee 3% approx $6.6K on $229

Never buy retail, you profit when you buy.

I usually only get 5% max on Lease 2 Own, more often 3%.

Good luck!

PS get a re sales license if you do alot of them.  And learn sub2 and land contracts when buying.

Are you communicating that you should not "buy on a wrap and sell on a wrap" without getting the ok of the lender @Bill Gulley?

I would talk to the seller directly.

Full price but your terms

 I can help u Stephen being a cash or terms investor.