All Forum Posts by: Brian Gibbons
Brian Gibbons has started 114 posts and replied 4413 times.
Post: Really? 240k income "insufficient" to buy a 140k investment property???

- Investor
- Sherman Oaks, CA
- Posts 6,088
- Votes 3,921
I have lived in IRE,Australia and New Zealand.
Here is your solution:
1) Long Term lease Purchase or 2) Free and clear House w Installment Sale.
Get your dream house today.
Find an expired listing.
Offer 20% down.
Good luck!
Brian
Post: Gurus Exposed! By a... Guru?

- Investor
- Sherman Oaks, CA
- Posts 6,088
- Votes 3,921
Here is your best plan for creative finance:
1. Get some template agreements, Carleton Sheets on Ebay, it does not matter.
2. Go to your title company and learn how to buy on sub2, wraps, lease options, etc.
3. Get a RMLO reg mortg loan originator that understands notes and seller financing.
4. Get a lawyer that is a litigator and knows the judges.
4. Real Estate Transactions are LOCAL.
5. I always think: What would a judges say if he-she saw this paperwork?
Post: Getting Licensed for Rehabs

- Investor
- Sherman Oaks, CA
- Posts 6,088
- Votes 3,921
Here's the thing you got to go interview some brokers and on this form is knocking to give you great advice I don't think
There's two kinds of brokers that I know of, the first type is a 50-50 split and they pay for training and I like Keller Williams
read their books on Amazon
millionaire real estate investor, millionaire real estate agent, and shift are great books
There are other types of brokers that will cost very little per deal but you need to go find them
small brokers that will charge a small amount of money or a flat fee per deal
The best place to start is your REIA president and ask him if you do get a license who's the best realtor broker to hang your license with if you're fixing and flipping
Post: Gurus Exposed! By a... Guru?

- Investor
- Sherman Oaks, CA
- Posts 6,088
- Votes 3,921
Many Guru courses or not Dodd Frank and Safe I compliant with seller financing lease options, etc
They can get you in a lot of hot water with federal regulations
Post: Licenses to start Buying to Rent in NY?

- Investor
- Sherman Oaks, CA
- Posts 6,088
- Votes 3,921
Think of it like
Are you doing services for others and not doing services for your own businesses?
If you're renting out of rental property for yourself you don't need a property management license
If you were doing a service for other people for a fee yes you do need a license
Post: Lease Option in the Bay Area

- Investor
- Sherman Oaks, CA
- Posts 6,088
- Votes 3,921
Hi Denise,
I coach lease options for Home Buyers.
You could have her pm me for marketing and negotiatiating advice.
Best Wishes,
Brian
Post: Alternative ways to buy without lots of cash

- Investor
- Sherman Oaks, CA
- Posts 6,088
- Votes 3,921
Traditionally if you want your first deal and get on the property with the rental income you get a duplex including one in probably 3% FHA
Non Traditionally you can learn about seller financing and creative financing and work with subject to existing financing, lease options, and wraparound mortgages when purchasing. You need a motivated seller, and the best lead for motivated sellers are expired listings because seller has already tried to sell traditionally with An agent
Post: Alternative ways to buy without lots of cash

- Investor
- Sherman Oaks, CA
- Posts 6,088
- Votes 3,921
That's like how do you get your first girlfriend?
Post: Need help

- Investor
- Sherman Oaks, CA
- Posts 6,088
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http://www.biggerpockets.com/users/Demitrius
If you don't have money or credit you need to look at seller financing to be able to get a house for yourself and your family
I would look at Lease to Own or buying on a wrap
FHA is rolling out where they will pay the closing costs
Your first job should be to be able to improve your Phico score in one of the best ways to do that is Bank Round Robin
Pm me
Post: New Investor - Where to find cheap used MH's for sale in every state?

- Investor
- Sherman Oaks, CA
- Posts 6,088
- Votes 3,921