I’m doing one as we speak… - Posted by CarolFL
Posted by CarolFL on April 04, 2000 at 19:08:11:
Bill, When I left my former employer, I had sone $$ in a 401K. I rolled it into a regular IRA, and then converted to a Roth (all in one week between cmas and new year’s.)
My Roth now has a contract on a HUD deal. It will either do a simultaneous close and a pure flip, or it will borrow non-recourse funds to close, and either repair or wholesale.
The folks at Mid Oh have been MOST helpful … have kept me out of trouble so far … and have told me exactly what to do and what NOT to do.
If you have any questions, email me… this is the neatest thing since sliced bread!
You and I are too old to &art around with 2k at a whack… we’d have to live to be 150 to have it amount to anything! But this way the puppy can grow by leaps and bounds and become a meaningful part of a retirement program.