I am now at a point where the fear and laziness have gone away, yet my financial situation has stayed the same ($0) ;)I have a friend that through some unfortunate situations (father died in 9/11 and mother recently passed away) has come into a large amount on money (just under $2M).

mother hire an inspector to inspector home before purchasing a foreclose from the bank. the inspector wrote on his report that he was not able to inspect heat and water system because they were turned off. my mother went ahead and purchase the home. now that the title is under her name, she now can call Nstar to turn on the water and heat system. after the heat and water was turned on, we noticed that room and hallway basement heater weren't working. also the heater system was leaking water and making notice. there was water pipe leaking as well. anything that has to do with water and gas is health hazard for this reason i ask is it suppose to be the bank who should be liable for all issues. i said because they did not turn on the water and heat system the time the inspector so he can inspect everything tortuous. and also for not telling my mother that the house is health risk. this kind of stuff can cause fireplease feedback is neededpleasei beg you all

My mother told me "NO HOT" but I still touched it.

I'm really glad to see another younger person involved in real estate and investing.I pretty much have the same situation as you, my mother is supportive, and no one in my school of 2500 students has a clue what any of this is.I'll tell you, from my personal experience, people (most the time) view you as a very driven individual and are impressed.Ive yet to receive a negative experience due to my age.unfortunately, I'm only 15, but my mom is willing to sign my contracts and basically be my business partner.Starting out young is the best thing you can do, you can re-invest many of your profits since you don't have debt or a family to feed.Congratulation's on your investments ($5,000 is pretty decent for 17)and keep learning.

My mother is executor and the money from the sale will be divided up amongst her and her sister.

My 2 sisters and I inherited our mothers condo in 2005, put the property into our names in 2006, we decided to form a LLC in 2007 for tax purposes, now we need to file taxes for 2006, 2007 can 2006 be filed under the LLC.

Mother Nature says to us what fool is this that brings me his need and plants no seed?

Newbie here and suspicious of a "great offer"Hippoze is the primary LLC formed for the purpose of purchasing, managing and selling real estate.Smaller feeder LLCs managed by GM's will have their own LLC under the mother ship HBI.Smaller LLC's run by a GM offer this "opportunity" to friends and family.Hippoze LLC would be the title owners.They are "Hoping" to refinance in 1-3 years but an investment period of 10 years is desired, It is up to the discretion of the GM what to do with the returned moneys, 1) reinvest with HBI 2) reinvest with another NON HBI investment 3) return to the individual investors.Depreciation and profit will be passed down to the LLC and investors through K1s.This is the small of it, our investment would be around $10K and each LLC will be $50K to 250K, supposedly the GM for our LLC has a substantial investment ready to go.

This was also a valuable lesson learned.The mother seems to be the only one somewhat responsible.

Her mother is still alive, but elderly and handicapped, therefore, she would prefer not to 'use up' (lower the net value) of the funds in case her mother needs assistence back from us.