All Forum Posts by: Clary Roberts

 Thanks Scott!  Links worked great no problema and book is incredible...has me wound up like a two dollar watch!  Good job!

 I bought the book today, downloaded the zip file but can't unzip it using iPad.

I bought the book online using iPad....downloaded zip file but can't open on iPad.

I just placed my first bid 7/4/15 on a property.

I'm new to not only auction sites but fnf in general, have yet to do my first one.

There is no "buy it now" price..and I'm the only one who has bid so far, 5 days left.

I am a realtor in the area so I have a feel for the value of the property.

Looking at tax records shows on 3/12/15 the bank paid $247,988 for this...was that what was owed on it?

I bid $133K and feel the house is worth after rehab about $250K.

Guess I'll learn the auction/Hubzu process by jumping in with this one....

I'm considering investing into a Homevestors Franchise and would like to use the funds I've saved in my 401K plan without doing a taxable withdrawal.

I've heard of MySolo401K, Benetrends and Guidant...but I'd like to chat with someone who has actually done this.

I'm 63 yrs old and would like to pay cash for my fix and flip properties but not be taxed on withdrawing the funds from the 401K.

Happy Father's Day!

@Mark Nolan

Is your plan/company different than Benetrends?  Homevestors did recommend working with Benetrends to do what I want to do = use my 401K funds without being taxed...

update: it's now June 21, 2015 Happy Fathers Day! I'm a very proud father (and Grandpa too!) 

I've been talking with HomeVestors about joining their organization and they have referred me to Benetrends to utilize the funds I have in my 401k, not much, just over $200,000 to form a corporation and use those funds to buy my first fix and flip for profit.

I'm not very savvy about the differences mentioned above and only aware of Benetrends and Guidant because of referrals and their marketing.

If anyone on these forums can help a simple minded old guy decipher the differences and make an intelligent decision before I commit to something I might regret, I'd greatly appreciate the input from you.

Whether it's from actual experience or just an educated guess...I'd love to discuss the options,

Both in regards to HomeVestors in a rural setting, but primarily concerned with the 401k issue I am considering and trying to understand and evaluate the comments by Dimitry.

Thanks in advance and hope you all enjoyed your Fathers Day (I sure miss my Dad).

Mike,

How does a new franchisee do in a rural area where there are no billboards?  Would HomrVestors bill the new franchisee for each billboard they choose to put up to generate leads?

Would the new franchisee be burdened with the expense of direct mail?

I'm looking at a franchise opportunity but to get enough of a population involved, it will have to cover a large geographical area.

To the best of my knowledge, HV is not advertising in that market presently. So as a new franchisee would I have the option of going with "X" amount of billboards and pay the full amount for that? Wouldn't that entitle me to all the leads in the area since I'd be the only franchisee?

So, can I transfer (roll?) some of my 401K funds into into a SDIRA?

 Dmitriy,

I am currently employed by American Airlines and will be for the next 2 years, I am over 59.5 yrs old so I'm wondering if I can transfer or roll over some 401K funds into a self directed IRA to purchase land and put a mobile home on it.

My CPA has advised me that many of the ROBS are being viewed as distributions and in my case that would mean a 45% Tax rate!

I am not self employed, I work part time as a realtor.