Eric,ERISA Section 502(c)(2) calls for prohibited transaction penalties up up to 100% of the amount involved in the prohibited transaction, which, for something like this, would be the amount of money in the plan.

Now thanks in part to all the complicated contracts and disclosures involved, many buyers/borrowers don't have a clue as to what they're signing, and hence the isues with mortgages!

Seems an LP entity would allow me to limit their active involvement of the business.Thanks for all the input.

The down side to that being if he doesn't cooperate, I have to involve the magistrate.

Hello Everyone,My name is Brandin Johnson and I've been a member of Biggerpockets for a while but I wasn't really involved,but I would now like to change that.

The one I do know involves a lawsuit and settlement with the insurance company.

I've been involved in the industry as a CTA (Commodity Trading Advisor) for more than 30 years.

Gibbs rule #10 (definitely): Never get personally involved in a case.

For ground floor footage, the adjustment will typically be about one third of the $/sq.ft. price of the houses involved.

I've been involved in municpal planning as well as non-profit development.