I declare it Loud & Proud.

Long story, the basement was declared illegal.

All contracts, options, or other devices not based upon a substantial consideration, or that are otherwise employed to permit an unlicensed person to sell, lease, or let real estate, the beneficial title to which has not, in good faith, passed to such party for a substantial consideration, are hereby declared void and ineffective in all cases, suits, or proceedings had or taken under this chapter; however, this section shall not apply to irrevocable gifts, to unconditional contracts to purchase, or to options based upon a substantial consideration actually paid and not subject to any agreements to return or right of return reserved.There is a case paying out in Collier County at this time.

If the IRS decides you've handled it improperly, they will declare the entire IRA account (that A stands for arrangment, not account) to be a distribution, and you will owe tax and penalties immediately.

Originally posted by Mr_Investor:I'd get California under contract and flip it to Mexico for an assignment fee :mrgreen: Nope Mexico has no money either...Now those drug lords in Mexico those guys have serious $ $ $ and muscle to go along withe the $ $ $ :wowo: :wowo: :wowo:

I had a guy offer to give me a couple of muscle cars for the down payment on a house.

In her defense she said she could send me something (declarations?

The 1099C is "forgiveness of (bad) debt"; the recipient of the 1099C will have to declare the amount that was forgiven as ordinary income for the corresponding tax year.

Real estate investing is a new muscle you simply have to grow!

There are fraud, RICO cases in federal courts, which have declared judgments of more than $100 million.