All Forum Posts by: Amanda Musumeci Deeter

 How were you able to use a Callrail number within mojo for outbound calls? Mojo customer service told me I could not use a Callrail number because there is a prompt to press 1 to connect to the outbound number you dial. I've spoken with Callrail asking them to remove the prompt, and they said it is not possible. I'm stuck. Are you able to help?? Thank you!

Hi everyone! I've purchased a bunch of bandit signs and made a Craigslist ad for two jobs; One to put out signs and another to put our "business card/flyer" on windshields in targeted parking lots/areas.

The Craigslist ad elicited a ton of responses. Now I'm wondering what the best approach is to find someone who is both trust-worthy and able to exercise common sense with regard to sign placement. I obviously cannot go out and route with each of the 50 individuals to see how they perform. Interviewing so many people for a sign placement gig seems inefficient.

Any advice on how to thin the field? Some ideas I thought of were to automatically eliminate people with out-of-area return numbers, people who seemed to not be as thorough in their responses, and maybe people who seemed to have fake names or fake resumes? 

I also thought I could maybe do some phone interviews, but what questions do you ask to someone to find out if they're qualified to stick a stake into the ground? "Do you feel like you're qualified?" "How motivated are you" lol. You get it.

Maybe I could hire 5 of them for a one weekend, and give them all small routes of 20-30 signs each. I can then go out and evaluate who performed the best?

Is all this a waste of time and I should just be giving any ol' person my $100's of dollars in signs?

Can anyone refer me to an attorney with lots of knowledge on wholesaling? I have read so many things online and am mixed up. I just want to understand the scope of what we are able to do as far as wholesaling transactions, which contracts to use to protect ourselves in the state of PA, and caveats for our given situation since we are investors with a real estate license. 

Would appreciate anyone who can vouch for an attorney with plenty of experience.

Thank you!

@Dmitriy Fomichenko @Brian Eastman thank you. Just the information I needed. It would seem the best option then will be a loan from from the accounts.

@Dmitriy Fomichenko thank you for sharing this information with me! I'm only trying to that which is permissible within the rule structure, of course. I should have clarified that I did not mean those which break any rules. 

@Brian Eastman Yes what you said is precisely our situation. He has money in retirement accounts ( >100k) that he'd like to allow us to use for flipping homes throughout the year. I'd say it is most probable that we do in fact exceed a volume of 3 this year... especially if we have a way to access his retirement funds

Our approach doesn't need to really be related to the SD retirement accounts. I just didn't realize there were other options of how he could use those retirement funds without penalty and without limit (ie borrowing from those accounts).

How do we get started in utilizing the ROBS program?

Thank you so much for all this great information!

@Brian Eastman thank you for this feedback. So if we used the ROBS program, what are the definitions/minimum requirement for him to be considered "actively engaged?" If we hire a GC and my husband is our realtor, isn't flipping mostly hands-off for us all as it is?

Hello!

My husband's father has funds in his retirement account that he'd love to invest in our REI business. He's willing to move his current IRA into an SD account so to have checkbook capacity, however, we found that since we are his children that he is unable to lend/co-invest with us(disqualified persons). The only other solution we thought of was him borrowing from his retirement accounts and allowing us to use his funds at whatever rate he is charged. But that limits us as he is capped in how much he can borrow.

Are there any loopholes that anyone knows of for getting around the disqualified persons rule? Perhaps use of LLCs, S/C-corps, Land Trusts? I've recently heard of ROBS... but do not fully understand how and if that might work for us. Would love any feedback from more knowledgeable sources! Thank you!