All Forum Posts by: Brian Gibbons

@Chris Mouzon

Selling a seriously upside down house is predatory, search predatory here

A short sale or renting out the property is the only options 

Are you from AUAustralia or in USA 

@NA NA

@J Scott

I trust @trevor Mauch at onCarrot.com

"Done for you web presence"

No pay per lead

I think it depends on the customs and habits of the area. My good friend 

@Curt Smith

Buys used mobile homes on their own land and does "rent on own" on them.

If your brand-new I would go to that small little town and go talk to a broker that has been working in that town for 30 years and ask them about investing in mobile homes, that's what I would do

@Christopher Morin

Congratulations on your subject to deal being completed and congratulations on investing in reusable documents from your attorney

Regards to closing I generally only do the deed signing at escrow and have the seller sign documents at a notary somewhere outside of escrow

I just tell the seller we are going to sign over everything except signing over the deed, and once we have all the other documents signed, we will set a time to go to the title company to finish the deal

I presume you're doing a title search and making sure the title is clear of liens?

@Bill Gulley

@Edward Prochilo

@Darrell Shepherd

@Alexander Felice

Welcome to BiggerPockets, and no equity deals.

There is very little for me to add on top of what previous posters have written

Here's some rules of thumb

90% of value is where you start when you buy so you to if the property is in perfect shape and great location, why? Because cost to sell are 10% of fair market value, like the car business, don't pay retail

You could get an assignable agreement to buy on subject to or wraparound mortgage and sell your paperwork for 5% or so

Don't be Mother Teresa in  REAL ESTATE INVESTING, 

you must profit or walk away

@Alexander Felice

@Curt Smith

@Seth Williams

You have some raving fans talking about ur awesome site www.reitipster.com

Well deserved :)

@Vricia Sanchez

I love Bakersfield because the lower cost of homes compared to other parts of Southern California

There's two problems right now, 

sellers have no equity and 

buyers of a hard time getting financing

I coach lease-option assignments where you talk to the sellers and show them that when they sell with an agent, pay 10 to 15% of the value of the house to sell, when they add up all the costs: commissions, closing costs, seller concessions, Piti costs while selling, etc

Sometimes sellers have to pay to get rid of the house or they have no money to move forward

The solution is lease to own where home owner enters into a lease option with you the real estate investor and then 

you sell your paperwork to the renter home buyer who was having a hard time getting a mortgage 

Real estate investor earns generally 3%, 3% of 200,000 is 6 grand

Pm me if I can help

Brian