Accessory to a Federal crime carries a few years of free room and board as well!

i believe there is also a federal statute in RESPA (Real Estate Standards and Procedures Act) that would prohibit this type of transaction, but I am not entirely sure about that.

A big step which is great for some of the industrial property we have here in Monroe County.Anyway, I need to get an update from Bob on where things are at now, but it is my understanding that we are in the midst of more studies, lots of red tape that needs to be hammered out between municipalities, states, federally, etc, before passenger service can start.

I REALLY dont want to have to pay taxes on it because I hate giving away money to a government that's never going to give me my SS money...I think I should just assign it because whoever I assign it to may look at it as I am a good wholesaler for finding such a good deal, and being "honest" and just taking a finders fee and not trying to rip them off by taking most of the equity....Then that way, for future deals, they will be willing to buy from me, and possibly give me a couple of friends who can go on my buyers list.I dont know for sure....OPINIONS?

That is Federal law not State.

Not sure what their threshold is, but repairing and marketing the property is going to cost the IRS a good bit more than it would cost an investor (due to the red tape inherent in any government activity).

Over 70% of the United States' annual population growth (and over 90% of California, Florida , and New York) results from immigration. 29% of inmates in federal prisons are illegal aliens---------Nobody is saying we don't want people to come to this country, we just ask they follow the laws and do so legally.

thats why i have a real estate attorney, who, if you think about it, has as much or more on the line than i do. if it isn't a contract assignment or a double close, it's always been the lawyers idea of doing the deal this way and i would doubt any governing body would find objection to doing business like this as long as all parties involved know exactly whats going on (full disclosure), the funds are accounted for on the HUD1 form and the birddog isn't representing anyone in the deal, which they are not.shady, noillegal, not around herecreative, to bureacrats maybeyour other option - make the birddog assign a contract to you.

That is why they are asking a premium over government issued paper and with the way the US is going even that starts to look risky ;-)

The apprenticeship curriculum of federally recognized programs cover less that 1 semester (less than 1 of 8) on ressy wiring.I am not here to toot my own horn, but this is my world.