ANd generalyl speaking in order to do a private Placement Memorandum (PPM) someone on your team should be a licensed investor advisor representative (IAR, SEC licensed with a Series 63 and/or 65) with a registered broker-dealer. .Stick with people you know Curt, (and document your meetings and phone calls with them too) and let word of mouth do the rest.

Dallas CPA XXXXXXX advises as follows: “If the IRSconsiders the client as dealer (doing this business for their livelihood), then their business incomeis subject to self-employment tax.

They still have all the opportunity to buy it back but i would not want to enter into any type of partnership with them.Be sure you understand the tax rules as to a sale-lease-back with an option to buy as well as Dodd Frank if you're a dealer in the RE business.You can have full control under a TIC by agreement.If you buy this, frankly, dealing with a hoarder can be very trying and you can't really evict for property being inside.

Desperate people do desperate things, especially when drugs are involved.Be safe and good luck!

The door was missing because of a drug bust.

I agree the taxes are the same assuming dealer status however I don't think we need to hide ownership.

Gary Schmalz, A person shall be presumed to be engaged in the business of selling RE if the person engages as principal in [b]five or more transactions during any a 12-month period unless the person is represented by a licensed RE broker or salesperson.You can get dealers license and pay the state a fee to get around it.

Something about Advil and past drug users.

Do you really understand the bank's position or are you a wheeler-dealer type trying to talk crap?

The last time I went to the dealer to get a spare key for my Bentley they charged me $742 (free parking, however).