Your parents can also opt for a wire transfer.

You've graduated from Kiyosaki's E-quadrant to the B & I quadrant.

You could get them to transfer the deed over to you, and then you can rent it out.

Probate 101 from Bigger Pockets e-newsletter

Not to mention the flipping shows I have seen such as A&E's Flip This House, HGTV's Income Property and last but not least, Montreal based The Property Shop.

Rich Dad Poor DadRich Dads Cash Flow QuadrantRich Dads Increase your financial IQThe Real Book of Real EstateThe ABC’s of RE InvestingThe ABC’s of PMRich Dad RE Tax AdvantagesThe E-MythThe 4 Hour Work Weekhttp://flip2freedomacademy.com/ - free e-bookFlip2freedom episode 77 - podcast - LISTEN TO THIS TODAY!

Since PayPal is a legitimate e-currency I felt a little more comfortable about his mentorship program.What other steps should I make to ensure that I am not being scammed and so I am covered on my end?

I e-mail them, talk to them on the phone, and ask to see proof of funds and PFS statements showing liquidity and net worth.

Read @BrandonTurner e-book5.

I can tell you how it works in my state and the general (federal) tax concerns.The partnership (LLP) would need to agree to transfer the property to you or an entity you own (such as an LLC) under terms that wouldn't equate to a gift.