Just like someone who sues IBM cannot come after the assets of any IBM shareholder, the plaintiff cannot come after the members of the LLC.However, as officers of the LLC, you can be held personally liable.

If a loan exists at this time, the loan is one taken out by the new owner and does not reflect upon the sale that was held 3 month earlier.Banks do strange things these days, there is no doubt of that.

I was also in a garage band in the early sixties and had a ball playimg guitar, my old metal flake blue strat!

Having started out in stocks (namely, my 401k and IRA) and real estate (including notes secured by real estate), my thought is this:The analysis by which the individual investor has to perform is much easier to do and understand when it comes to real estate.I remember reading about asset allocation (US vs. foreign stocks, small vs. mid- vs. large caps companies, value vs. growth, % dedicated to REITs, precious metals/commodities, TIPS, bonds (short, mid- and long term, high quality vs. junk) and thinking "where do I start?"

One of the major differences is that the title is held by the trust, but the trust agreement is not part of the public record, so the beneficiaries are often hidden.

Specialized seminars were held for about an hour and a half and a couple hundred people were attending.

Here's a real bugger on this.For half as much money we could build a rare earth metal processing plant to process the rare earth lodes in Idaho and Montana.

I have held properties as non-earning assets, one for just over ten years!

The originator (seller) is going to be held to a higher standard, meaning that if they enter into a deal of any kind that requires any kind of installment arrangement (the SAFE Act states "any transaction") where it is found that the buyer is at a significant disadvantage (like not being informed and having their hand held throughout the term) or is an impossibility to perform, that seller will be up a creek....reimburse all monies received, pay for damages (moving expenses etc,) attorney fees, and perhaps a felony and a 25 to 100K fine might give some motivation to do it right and properly UNDERWRITE your deals.

I've moved in my 1031 and establishing residency, I realize the 1031 has to be held 5 years if you take the capital gains exclusion but how do you count the months of rehab before you place the investment property in service?