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Updated over 6 years ago,
Social Security Recipients
Good morning everyone,
I did a search for this topic, but after going through the first 4-5 pages of search results I decided it would be easier to post this question. I was talking with a friend about investing in real estate, and had mentioned the method of wholesaling to get into the arena and then building from there. He currently works at the social security office, and mentioned to me that he sees recipients of SS benefits who inherit properties from a family member's passing. He also mentioned that inheriting these properties is a strike against their SS benefits, and they have up to a year to either sell the property or keep it while taking the deductions in what they receive monthly. I saw this as a perfect opportunity, but wanted to know how does one go about getting this information in a legit and lawful manner? Also I don't want to put his job in jeopardy.
Thanks for all the advice in advance.