All Forum Posts by: Brian Gibbons

A big Thanks to Brian Gibbons,

I posted in the forum, How to get Rehab funds

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.

I need a little advice but more importantly need to be advised.

I spoke with a seller of a MU property over the phone. They would like to sell the property as they are no longer capable of managing the property. I negotiated a price but they aren't comfortable signing a contract. They are aware that I am wholesaling this deal and they respect my strategy. What is a good way to secure this deal under contract, before I market the deal? I have assured the seller that they can continue to market their property as I will market the deal.  I am new to investing so any advice is greatly appreciated.

Thank You,

Kevin and Amy