All Forum Posts by: Philip Klinck

 No doubt. I am going to do 2500/month from here on out. Facebook seemed ok but lots of disappearing owners. Not sure if thats a coincidence or a facebook thing. But, the road signs seem to be bad now. County and city are on top of picking them up. Also, Id rather just market passively with mail/fb/whatever if I can do enough to stay busy. 

I have done mail with my other businesses, restaurant and B2B sales, and the results differ greatly. 

I was just trying to get a gauge of how everyone else was viewing the market right now.

 Also, I have gotten many calls. Just no deals. Prices are all too high or not a deal for other reasons. Seems like prices are up. Not sure if its just me or overall. But, 6 months ago deals seem to be harder to find. Everyone I make offers to and follow up on have sold for higher than my offer. I dont think I am offering too low...I think others are paying too much. Just had a Than Merrill conference go through town so maybe a lot of novice competition right now?

So I just dropped 2500 but I am not so sure they all hit yet as my house was seeded in the list and it has not come yet. I have put out 3X the road signs I have done in the past where I got a deal. And I did a fairly extensive facebook campaign getting many leads that may lead to something but nothing yet. This is the first month I have done all that. Before I just put 30 or so signs out and picked up some leads.

I have done more marketing than I have ever done recently and gotten no deals. Is it tough finding deals right now for anyone else? I know exactly who to whole-sell to and have about 140k to buy with myself. But, I am either coming across ridiculously high priced stuff and many less calls than usual per the amount of marketing done. 

Perfect. That's exactly what I was looking for and the answer I was looking for too. 

So I know I can protect my full IRA by setting up LLCs that buy property that the IRA buys. But, then the rent than comes into the LLC would be taxed and then sent to the IRA. So is there a better way to protect your IRA cash and property portfolio from lawsuits on 1 property?

But if I sell the note I have to pay taxes on the gain and I have to sell them for less. I can get par if I trade them for a house with no gain taxes. 

I am interested in finding out if there are any companies that will service your owner financing notes and also package together the notes in order to make a deal happen. Example: If I have owner financed 3 separate properties with 1st mortgage notes worth 50k each and I want to buy a property worth 125k. Is there a company that will create that new note based off of the 3 current notes at whatever rate I want and whatever terms I want? And I just trade the note for the property evenly. 

Second to the above comment. You can buy and grow tax free and only pay tax on the distributions you take later on.