All Forum Posts by: Brian Gibbons

Your thinking is your issue, nothing else.

Go to the library and read anything by Tony Robbins.

I am getting a headache hearing your rationalizations and excuses.

Quotes:

The secret of success is learning how to use pain and pleasure instead of having pain and pleasure use you. If you do that, you're in control of your life. If you don't, life controls you.
Tony Robbins

Learning, Life, Success

I've come to believe that all my past failure and frustration were actually laying the foundation for the understandings that have created the new level of living I now enjoy.
Tony Robbins

Failure, Past, Enjoy

A real decision is measured by the fact that you've taken a new action. If there's no action, you haven't truly decided.
Tony Robbins

Decision, Fact, Action

If you do what you've always done, you'll get what you've always gotten.
Tony Robbins

Brainy, Gotten

It is in your moments of decision that your destiny is shaped.
Tony Robbins

Inspirational, Decision, Destiny

Beliefs have the power to create and the power to destroy. Human beings have the awesome ability to take any experience of their lives and create a meaning that disempowers them or one that can literally save their lives.
Tony Robbins

Power, Experience, Human

If you want to be successful, find someone who has achieved the results you want and copy what they do and you'll achieve the same results.
Tony Robbins

Successful, Someone, Achieve

We can change our lives. We can do, have, and be exactly what we wish.
Tony Robbins

Inspirational, Change, Wish

One reason so few of us achieve what we truly want is that we never direct our focus; we never concentrate our power. Most people dabble their way through life, never deciding to master anything in particular.
Tony Robbins

Life, Power, Focus

Life is a gift, and it offers us the privilege, opportunity, and responsibility to give something back by becoming more.
Tony Robbins

Life, Give, Gift

Setting goals is the first step in turning the invisible into the visible.
Tony Robbins

Motivational, Step, Goals

Only those who have learned the power of sincere and selfless contribution experience life's deepest joy: true fulfillment.
Tony Robbins

Inspirational, Life, Power

Successful people ask better questions, and as a result, they get better answers.
Tony Robbins

Successful, Result, Ask

To effectively communicate, we must realize that we are all different in the way we perceive the world and use this understanding as a guide to our communication with others.
Tony Robbins

Communication, Others, Realize

I challenge you to make your life a masterpiece. I challenge you to join the ranks of those people who live what they teach, who walk their talk.
Tony Robbins

Life, Challenge, Talk

Success comes from taking the initiative and following up... persisting... eloquently expressing the depth of your love. What simple action could you take today to produce a new momentum toward success in your life?
Tony Robbins

Life, Love, Success

Remember, a real decision is measured by the fact that you've taken new action. If there's no action, you haven't truly decided.
Tony Robbins

Decision, Remember, Fact

For changes to be of any true value, they've got to be lasting and consistent.
Tony Robbins

Change, True, Value

It is not what we get. But who we become, what we contribute... that gives meaning to our lives.
Tony Robbins

Become, Lives, Meaning

Using the power of decision gives you the capacity to get past any excuse to change any and every part of your life in an instant.
Tony Robbins

Life, Change, Power

My definition of success is to live your life in a way that causes you to feel a ton of pleasure and very little pain - and because of your lifestyle, have the people around you feel a lot more pleasure than they do pain.
Tony Robbins

Life, Success, Pain

In essence, if we want to direct our lives, we must take control of our consistent actions. It's not what we do once in a while that shapes our lives, but what we do consistently.
Tony Robbins

Control, Once, Lives

People are not lazy. They simply have impotent goals - that is, goals that do not inspire them.
Tony Robbins

Lazy, Simply, Goals

Stay committed to your decisions, but stay flexible in your approach.
Tony Robbins

Decisions, Stay, Approach

Once you have mastered time, you will understand how true it is that most people overestimate what they can accomplish in a year - and underestimate what they can achieve in a decade!
Tony Robbins
Read more at http://www.brainyquote.com/quotes/authors/t/tony_robbins.html#o2EkIJFQY8UZTtM3.99

Originally posted by @Jonathan Jimenez

Welcome to BP @Armaity N.
You've definitely hit he jackpot for resources with BP. If you're looking at lease-options I would recommend getting in touch with @Brian Gibbons .
From what I've seen he seems to be BP's one of many lease-option experts. He has blogs and quite a few postings I'm sure you can soak in. Good Luck with your endeavors and looking forward to see your progress.

Thanks for the mention,

Armaity, if you need anything about lease options or any other matter, please feel free to ask me.

Happy New Year,

Brian

Who on this thread can DEFINE Link Options?

I have done lease option assignments since 1986, where you

- lease option from seller

- assign the deal to a tenant buyer for $3K to $5K.

- you are out of the deal.

Can anyone say what a LINK OPTION is, CLEARLY?

Originally posted by @Bill Gulley:

Well, thank you Brian, absolutely I kick a$ and take names son, that's the Air Force, I love the Air Force, but it's not the RANGERS, I'll have you crawling in mud at 10 degrees below with an 80 pound pack on your back doing at least 100 push ups. You better get a little "eye of the tiger'' in you or you're gonna die! Now, get outta of my way and follow me! Get to work! :)

Bill Gulley I love the Air Force, was in the Air Wing of USMC from 1978 0 1981, was class of 1984 at USNA, wanted to fly Tomcats, too tall at 6'4",

One of my toughest assignments was an instructor at SEAR School.http://en.wikipedia.org/wiki/Survival,_Evasion,_Resistance_and_Escape

God bless the Boys in Blue.

I was taking commercial art courses in those days. I enjoyed it and I was good at it. The downside to that there were lack of job opportunities for that skill and the pay was not all that but a bit better than my old job from years back. About the cable issue. The cable company has this bundle package they have where you get cable, phone, and internet all wrapped into one. If you cut one service like cable then the other two must get canceled with it. I need my phone service and I use internet service everyday too. I switched to this company because of the service and price was less than my last service provider. As tough as it is I do want to get into the real estate business. I'm looking for a niche that will work just right for me.

Oh an ARTIST!

Now i get it.

You are in Alabama, at Walmart, addicted to BP, and want a perfect niche in Real Estate.

Antonio, I coach lease option assignments, sub2 and private lending - jv partnering.

These coaching clients that have bills, kids, 40 to 60 hour jobs, and that they want to DIE to quit their current life and have time and money freedom.

@Jon Holdman and @Bill Gulley have advised you ad nauseum on what to do to get out of your jam.

The problem is your JAM is in your head.

If you read my posts and @John Jackson's posts here you will learn more about flipping lease options than 99% of the REIs know. Which is easier than Wholesaling.

My posts http://www.biggerpockets.com/posts/user/REIskills

John Jackson's posts http://www.biggerpockets.com/posts/user/LeasingToBuy

Your first step is Tabula Rosa, clean slate, and I wish you luck with that. Whoever conditioned that brain of yours to think that the universe owes you ANYTHING should be given a stern talk to.

Your Ego is Writing Checks Your Body Can't Cash!

Originally posted by @Bill Gulley:
Well, Antonio, seems the 287 posts I've answered for you were in vein.
Stop stammering about an instant solution, there isn't one, if a creditor isn't chasing you with a ball bat just settle down and bear down.
You really like RE or is it that it seems RE is an easy solution to your financial problems? If you really want to work in RE....

Go to a large RE brokerage, walk in and tell them of your interest and that you really need immediate work. Offer to go pick up signs, set out signs, shovel snow off a walk for an open house, collect trash out of some yard just listed, what ever grunt work they might have for some money at the end of the day. Agents will usually have something, errands if nothing else. Some contractors are often around an office, clean up a construction site!

You know more about RE than most people off the street, so get around those in the business and let them know what you know in a tactful manner, you might display your knowledge by asking questions, you're good at that.

If there isn't anything, show up the next day and keep showing up until they break, they understand they can't get rid of you and they send you out on some work! Get there when they unlock the door and leave when it gets locked. Or, as much as you can with your other job.

You're burning up time on your computer and on this site when you need to be productive doing what you can do to provide for your family, I'd say that's more important than trying to pick our brains on how to make a million or two.

Talk to your creditors, do not avoid them, tell them the truth, if you don't have the money, tell them you intend to pay but don't make any promise you can't keep! They will be more reasonable if there is communication and you're being honest.

You're not making a dime sitting there posting, go to work!

Consider that a swift kick in the a$. Settle down, it's not the end! :)

There are more people on BP that need to read this than @Antonio Bodley , maybe 5% of the 150,000 that thinks REI is QUICK, FAST and EASY.

Well done, Papa Gulley! And happy new year to all.

Originally posted by @Jon Holdman:

...
4) Lease with option to buy: Two separate contracts. One is a lease which gives buyer possession of the property. Second is an option contract that gives the buyer the right to buy the house at some point in the future. There may be credits for part of the rent to the purchase price. Buyer gets deed when they exercise the contract. If buyer doesn't pay rent, the option contract is typically invalidated and the seller evicts the buyer. These can be very predatory and aren't allowed in some states (e.g., Texas.)

1) Texas LOs can be done as @John Jackson does them every day. The penalties from Austin legislators are stiff if they do not comply. Btw, a purchase and sale agreement (not a lease option) that provides for delivery of a deed in less than six months is not classified as an executor contract under existing Texas law or the new law.

2) Rent credits should be not used after Jan 10 2014 due to Dodd Frank.

3) Buyer gets the deed when title conveys and existing financing is paid off (loan is approved.

4) Some states like NC make it difficult to evict, and they need to have some kind of foreclosure. Investors need to be careful.

5) There are other "non-executory" tools like ROFRs, (Rights of first refusal), that can essentially tie up the property for the buyer.

Originally posted by @Roy Schauer:

Ah, that's the difference. Was under the impression you had already established contact with the homeowner and were in the information gathering/ put the deal together phase. I'm different. I don't door knock. I post a contact letter on their door, not direct mail. Here is some information from a previous post.

Originally posted by @Roy Schauer:

Good points Gary, there are a lot of restrictions, just make sure you understand them and work within the the guidelines. We personally don't do Subject To's unless we have the ability to completely pay off the loan to the bank because its a possibility that could happen, but mainly because even though its legal to do Subject To's, where we are anyways, they really give the impression of a scam, especially if something goes sideways in the deal.
Hi Mark,

We do something very similar for preforeclosures. We don't just blanket direct mail. We "pre-qualify" houses first to narrow the list, reduces cost and time wasted on property that you can't really do anything with. Then, even though its a little more work, we tape our "mailing" to the front door instead of using the mailbox. Our response rate has been in the 15-25% range. But people move slow and take time to chew on things. Don't expect an immediate response, give it a week. By doing it this way, if someone is calling in regards to one of our mailing, we are 90% sure we can help them and we already have some basic info on file about their house so we seem like we are more professional and serious. Put yourself in their position, whether its their fault is irrelevant, in their opinion they are running out of options and are "hyper" sensitive. If the numbers work, from that point on worry less about making lots of money and more about how to reduce their stress and find a creative solution. I've had several people tell me in the past that they've had "sharks" offer them lowball offers on their property. At that stage their dignity is about all they have left. People work more with us because we care, not because we are taking advantage of their situation.

Sorry for the long response. But like most of the experienced investors will tell you, this is a problem solving and a high people contact business. If you don't feel comfortable working with highly stressed people and making them feel comfortable enough to trust you to help them, then there are other ways to handle real estate that require less human contact.

Btw, I put peanuts in my envelope along with a postcard they can put on their fridge that says "you'd be nuts not to let us help" on one side and our information on the other. The nuts are a gimmick but it entices them to open the envelope because they wonder what the heck it is. Getting the homeowner to look at your contact is the biggest step. Think outside the box. Break them out of their funk and maybe even put a smile on their face. It could be the difference between a call or not. Hope this helps.

This is one of my favorite marketing posts, Roy

The "Ostrich Syndrome", head in the sand, ignoring everything.

Tape the letter to the door. Talk to them in the letter as a nice person with solutions.

Outline a win win story if you have really helped someone before - "testimonial".

Hi @Michael Otranto

I know you are a little new here...

See http://www.biggerpockets.com/forums/517/topics/84080-how-to-search-the-marketplace for how to search the market place.

See http://www.biggerpockets.com/forums/87/topics/94174-info-regarding-foreclosureradarcom

And look for lots of replies on http://www.biggerpockets.com/forums/87-real-estate-investor-marketing

Hope that helps!

Brian

@Bill Gulley I forgot Master Lease and Master Lease Option for no equity deals.

I love this...

I wouldn't do the paper work for less than 5K to flip a deal