All Forum Posts by: Philip Klinck

I am buying a property sub 2. I am interested in selling the property Owner Financing (I would be the owner at that point.) So whats the best way to sell? Land contract, lease option, etc. What are the advantages/disadvantages?

I have had my RE license for 7 years or so. I only used it once for about 1.5 years near the beginning working for a home builder. I sold well enough but the manager was insane and so I went back to being a finance manager at a car dealer. 

I have not used my license in quite a while so although I remember the rules I do not have a perfect understanding of how they apply in circumstances of wholesaling. 

I am pretty sure I am able to perform via some of the investors I have met at meetings I have attended. But, that will be fleshed out when I actually try to do it. 

I see your point in making as much or more in RE sales as Wholesaling but I think I am going to use the knowledge of wholesaling to move on to other types of investing. I see wholesaling as learning how to get a good deal...but then you need to flip or hold in order to see the full margin potential. The money you make in wholesaling seems to be very close to the marketing costs it takes to find a deal. Maybe some profit, I hear 10:1 profit to cost but I think it would be more 1.5:1 profit to cost. I wont know until I try so...

Thanks for the advice.

 I do a 5000 piece mailer for my credit card processing business. If its anything like that you will need to spend more than 20k. Especially in a business where you make all your money upon closing the deal. My budget is set because mine is residual based and I only add a few hundred to my total revenue each month. I would think with this business if you generated 40k with 20k you would up the amount of spend each time your marketing was successful. 

So I assume when you market openly to groups of homeowners you will get lots of responses that might not fit your criteria for wholesaling, Subject to, etc. But how many of you have your RE license and flip them to that as a last resort or maybe the deal just makes more sense to list as an agent?

Anyone here had to take a house or commercial property back after doing a hard money loan?

If so do you mind sharing the details?

When Greece goes...and it will...the other periphery will not be far behind. The problem with Greece is not that its economy is big or anything like that. Its the issue of contagion. 

It will create a chain reaction that will push the dollar higher and stock markets around the world lower. Bonds will be OK in the short run so rates will be low until the FED decides to "fix" things again and starts up the printing presses again. Then we may see a large fall in the dollar, bonds rates may creep up, stock market would start flying along with commodities...especially gold/silver. 

Thats what I was looking for... $2500 cost per deal mailing 5000 cards. So basically you could not bird-dog while doing mail. Seems like the numbers would not work out. But thats not an extreme cost if you are flipping yourself. 

I was looking for something like....

Mailers - $500 per closing

PPC - $700 per closing

Billboard - $400 per closing

I know how much mail costs per piece and all that. I just wanted to know if anyone kept numbers of what their total cost per acquisition/closing is.

I own a credit card processing business. I know my cost per acquisition with that business. I was just interested in what the CPA was for Real Estate Agents.

Not including your referrals. Just your marketing. How much does each deal cost you to get in total.

Example: If you do 10,000 mailers a month consistently and close 2 deals a month as a direct result of the mailers. Then you just divide the cost of the mailers by the deals you got.