Plus the son or boyfriend could be the local drug dealer or serial killer.

ANd generalyl speaking in order to do a private Placement Memorandum (PPM) someone on your team should be a licensed investor advisor representative (IAR, SEC licensed with a Series 63 and/or 65) with a registered broker-dealer. .Stick with people you know Curt, (and document your meetings and phone calls with them too) and let word of mouth do the rest.

Dallas CPA XXXXXXX advises as follows: “If the IRSconsiders the client as dealer (doing this business for their livelihood), then their business incomeis subject to self-employment tax.

They still have all the opportunity to buy it back but i would not want to enter into any type of partnership with them.Be sure you understand the tax rules as to a sale-lease-back with an option to buy as well as Dodd Frank if you're a dealer in the RE business.You can have full control under a TIC by agreement.If you buy this, frankly, dealing with a hoarder can be very trying and you can't really evict for property being inside.

Upstanding drug dealers.

I agree the taxes are the same assuming dealer status however I don't think we need to hide ownership.

Gary Schmalz, A person shall be presumed to be engaged in the business of selling RE if the person engages as principal in [b]five or more transactions during any a 12-month period unless the person is represented by a licensed RE broker or salesperson.You can get dealers license and pay the state a fee to get around it.

Do you really understand the bank's position or are you a wheeler-dealer type trying to talk crap?

The last time I went to the dealer to get a spare key for my Bentley they charged me $742 (free parking, however).

Relating back to impact of the car on net worth, this means my car is "cheaper" than one that is half the price where a dealer and bank made substantial profit.