I'm not legally old enough to purchase property, but I'm sure I can work out some deals under my parent's names.I'm very eager to learn and I look forward to meeting everyone on this site and making my first deal.However, I'm not sure where to start out.

Would there be any legal issues if I was to sell my house to my sister-in-law for $100 bucks then rebuy it back to avoid paing the taxes on the big gain i've had so far?

Some late comments.DOS - Legally an option might trigger DOS depending on the DOS clause.

Attention;It is my pleasure to introduce my self, first am Hon.Dr.Kwabena Duffour, the current Minister of Finance and Ecomice Planing (M.O.F.E.P.)Republic of Ghana West Africa.I want to used this medium to inform you that at the moment i have $3.5,Million United State Dollars, that is already in a bank in London awaiting to be invest in any profitable business legitmatly in any part of the world.So therefore do not hesitate to notifly me with numbers of any profitable business that i can invest this fund into and i will get back to you after my proper verrification, then i shall choose the one to invest my fund into legally with the assistance of my lawyer.N.B.Please do forward all reply to this E-mail address; [email protected] Regard,Hon.Dr.Kwabena Duffour.

Originally posted by "REI":In some states judges have overturned deals where the investor buys from the borrower and then rents it back to the (now past) owner.Any more details you can share on the legal grounds for overturningthese deals?

What legal recourses could the sellers possibly take against me?

Is there a way to set it up so that I get taxed pertaining to whichever state that I decide to establish my LLC and not California, and is this even legal to do so?

This deal is not much money in terms of a loan, so I don't see why you couldn't do it that way, excluding any legal restrictions on the load.I'll let the mortgage experts weigh in on that point.Good Luck,Jason

A short is your best bet because even though all the fines and legal charges have been accumulating the lender will normally go short to keep it from going into inventory.

How much interest can you legally deduct?