All Forum Posts by: Ian Tvardovskaya

If the seller did not agree to reimburse you then you may want to speak with an attorney. When sellers default there may be an option to sue for specific performance (you get the house, the seller would have to settle the lien on his/her own since he/she accepted the contract). At the very least an attorney can help write a strong demand letter that will give the receipts more authority. Attorney fees can be added to the compensation your demanding. 

@Account Closed many of the investment vehicles for minors are through trusts. Keep in mind, these are meant to allow parents to control the investment and then the ownership divests at age 18. They are not meant to allow minors to control the investing. 

@Account Closed you can invest in the stock market but generally, only through a custodial account (parents on the account or manage it for you), that's what I did as a minor. Again, would like to add not a lawyer, just law student. 

About going to an expensive college. I know plenty of people that went to excellent, expensive colleges but did not come from money. FAFSA and other government grants help build that gap. The harder part is getting the grades and SAT score to get in. Good schools bring good employers to campus. Those employers pay good salaries that let you invest. 

I have been offering tenants Venmo. They provide monthly receipts, the transfer is instantaneous, and it hooks right up to my bank account. The drawback is having to teach tenants how to use it. 

Law student, not lawyer. But minors cannot form an LLC in any state in the US. They can only have an "interest," meaning receive money from. Love your ambition but getting around the law is not easy.