All Forum Posts by: Brian Gibbons
Brian Gibbons has started 114 posts and replied 4413 times.
Post: Basis when purchasing subject-to

- Investor
- Sherman Oaks, CA
- Posts 6,088
- Votes 3,921
The best tax advice is either @Steven Hamilton II or @Bill Walston
Top advice in taxation
Post: Need some pointers

- Investor
- Sherman Oaks, CA
- Posts 6,088
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PM Me for info on Sub2, Wraps, Lease Option Assignments, Private Lenders and JV Partnering.
Dont give up. :)
Post: First property; no money down

- Investor
- Sherman Oaks, CA
- Posts 6,088
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Creative financing is a curious term
You can be a real estate operator instead of an investor and make money with very little capital
When I present to the seller that has very little equity like 95% loan to value, they are stuck, and they need some help
It is up to the real estate operator to show how song on charms will help preserve the little equity dollars instead of selling cash with an agent
Subject to and wraps have their place when buying on terms
if you buy on sub 2 and a note you can structure the note in such a way that is in your favor, such as a moratorium or interest-only payments etc.
Sometimes you don't want to but you just want to get the cash flow and do a master lease or a master lease option in case of multifamily
You going to need some money to have a real estate operations so think about recruiting some capital.
Post: My first eviction in Indiana

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- Sherman Oaks, CA
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I would offer bring them a van, offer to have hire guys to move them, offer give them $200 6 hours AFTER they leave IF left with no damage, bring them a credit report and show them what a judgement looks like, tell them if they are not out in 7 days and take your offer, which expires in 72 hours, no $200, no moving van, definite judgment, terrible reference FOREVER.
Post: Beware of the Real Estate Guru Trap: What to Look for & How to Protect Yourself

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- Sherman Oaks, CA
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Post: Wholesaling Lease Option - Joint Venture (JV) Agreement

- Investor
- Sherman Oaks, CA
- Posts 6,088
- Votes 3,921
Brian I understand what a lease option assignment or wholesaling a lease option means but the JV part what do you mean?
Post: help

- Investor
- Sherman Oaks, CA
- Posts 6,088
- Votes 3,921
If you have the free version of BiggerPockets you can do a lot of things and then follow or colleague people that make sense to you
Your question is really broad and I have no idea where to direct you go to the resources tab on the site
Learn the basics of the following
Where the advantages and disadvantages of Wholesaling, rehabbing, multifamily financing, seller financing, and creative financing?
What are you doing 9 to 5 and what are you willing to do on top of that to be successful?
If you wanted free resources, I assume you're broke, if you're not broke what do you have to contribute financially to get your real estate investing career started?
Brian
Post: What should a new investor invest in? (Real Estate)

- Investor
- Sherman Oaks, CA
- Posts 6,088
- Votes 3,921
I coach terms deals such as buying on lease options, sub2 and wrap around mortgages
If you're broke and you not making very much money in your regular job, you may want to learn about lease-option assignments which don't require a lot of capital
if you're in Florida I highly recommend you get licensed in Florida as flipping a lease option contract is considered brokerage so get licensed
Lease option assignments don't cost a lot of money to market to
Post: My seller financing plan would like some critiquing. Trying to buy first house :)

- Investor
- Sherman Oaks, CA
- Posts 6,088
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There is subject to existing financing or wraparound mortgages (AITD) as a way to buy properties without a bank loan
There is a contract for deed type of instrument in California also called Contract for sale
What you need is an education in California as far as what's possible and I would investigate a good attorney in California as well as title company in California
Post: My first eviction in Indiana

- Investor
- Sherman Oaks, CA
- Posts 6,088
- Votes 3,921
Cash for keys instead of eviction and court and credit report hurt and bad reference from you