(There are many other ways to pierce the veil) General partnerships never have protection from liability, in fact if a general partner makes a very bad deal and signs a mortgage for a million dollars then loses it all gambling all the other partners are equally liable for the mortgage even though they never received a penny of the proceeds.

It's always a gamble when giving an upfront fee.

Yes that’s unusual.Successful tax lien certificate buyers practice just like professional sports people and musicians and concert pianists.

But they are generally selling the local subway or sports bar.

People who bought into a deal where rent is $100 more than their PITI payment are really put into a bind when ANYTHING bad happens.This is no different than gambling.

I drive around in it with that shirt you see in my avatar.Check out my new toy.Its a Grand Sport.

In my opinion, NO.The purpose of the insurance policy is a safety net and protection for those who are beneficiaries.If the need for money is this great, the investment consideration is far too risky and you are gambling with your future and the future of the benefaciaries.

And hoping for appreciation is a gamble.

I don't gamble and won't invest in something I do not know anything about.

Maggie has been super helpful and emails you right back with questions and sent me a link to the webinar because their time didn't work for me (damn kids and sports practice!).