To add insult to injury the above quotes paragraph ends with "unless the United States Department of Housing and Urban Development or a court of competent jurisdiction determines that this exemption is not in compliance with the SAFE Act pursuant to Section 1508 of Title V of The Housing and Economic Recovery Act of 2008, Public Law 110-289;" so HUD can just decide that I am not in compliance and sue me for the 5 notes I have created under South Carolina law.

To fully answer one must have a high education in economics, otherwise it would take pages for me to explain.

Their proposition consisted of buying 3 SFH which can give a gross yield 10% and a net yield of 5.5%.Now this caught my attention as I would have been expecting a higher return considering the economic situation in the U.S. hence I started to do some research and found the BP community.

Don't give short shrift to the tax situation, they can have a profound economic impact on your investments.I throw this out because folks often come on here with VERY basic tax questions.

You have no idea, given the current economic and political upheaval, what the situation will be in Feb.

Schiff is one bright dude (he predicted the real estate crash), and he doesn't paint a rosy picture of our economic future - unless the government drastically changes course from it's borrow/spending binge in the near future.

If you've been watching the recent economic events in Europe, you'll have heard of the Greece debt crisis.

In the economic climate we are in there are way to many parts of the country where you would never get a proper value of your asset in line with construction costs.

However, this levering wouldn't make any economic sense for you if the true net return (cap rate) barely exceeded the borrowing rate.

How likely do you think unforeseen negative aspects of changing a large part of how our economic society operates are if the code was so simple a monkey could do it?