The IRA owners can generally manage the IRA owned LLC provided they do not receive compensation and do not do any sweat equity work.

This is no different than what one receives when terminating their TV cable service, utilities, or health club membership: it’s called the final bill.

I see there are a lot of mixed opinions on whether they are profitable or not.I would love to receive feedback from the community.Thank you for sharing!

thank you thank you thank you by far the most beneficial reply ive received @Thomas Franklin its greatly appreciated I will get on that right now and I will for sure do my due dilligence  

@Karl Johnsonyou can set a fee to set up the deal and marketing for the buyer.Paid by seller, buyer, or both.Land contracts, wraps, and free and clear installment sales also can be contracted for.You can not guarantee the performance of buyer to receive permanent financing in the future.You must use a RMLO - registered mortgage loan originator -  to protect the seller from buyer creating a lawsuit over Dodd Frank's Ability to repay rules.You must use a payment serving company to protect the buyer from seller not paying the PITI.Once you learn these strategies, you can assist pretty house sellers sell on terms and challenged home credit buyers buy on terms.Caution: Make sure buyers go through the RMLO.

In your experience, what kind of reaction do you typically receive from a seller when the buyer offers and interest only payback?  

Last year we received a 1099-A (I believe.  

I have been actively acquiring Notes for passive cash flow since that time.I like the the passive nature, the safety and the cash flow that I receive from Performing Mortgage Notes.I upgraded to BP Pro & upgraded my profile.

I have been actively acquiring Notes for passive cash flow since that time.I like the the passive nature, the safety and the cash flow that I receive from Performing Mortgage Notes.I upgraded to BP Pro & upgraded my profile.

However the investor does receive all investment back plus 25%!