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Nesgroup address: misc.invest.real-estate - Date & Time for the message: Wed, 23 Mar 2005 19:36:43 -0600
/ Author of the message: "John A. Weeks III" |
Title of the message: |
Re: investing together with parents
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Text of the message: |
In article <1111604602.080898.56630@z14g2000cwz.googlegroups.com>, "Bucky" <uw_badgers@email.com> wrote: > John A. Weeks III wrote: > > Or you can do > > it all under the table. In that case, you can get by with > > it today, but a some point in the future, you will end up > > with a huge expensive mess. > > Could you elaborate on the huge expensive mess? Basically, I would get > a sum of money from parents. All the payments and taxes are paid by me. > Then I give them back a portion of the net profit. The only problem I > see here is that the money being transferred may be subject to gift > reporting. Lets say that dad cheats on mom, and mom divorces him and takes him to the cleaners. Mom then remarries. Now you have a new dad as your co-owner. And he wants his non- rent paying 22 year old meth smoking son to move into the place. Or your parents have a car accident, and they get |
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Estaplace.com is one the Ceglia Giovanni projects, started on 20 July 2005, and online since 20 August as a real estate platform for listings, mainly operating on the Italian and American/English market in the Internet, Estaplace would like to become the point of referiment for home sellers and home buyers, a site where private owners or real estate agencies can have the possibility to show their offers to the world. Estaplace.com is only one of the Giovanni Ceglia's sites. Everyday Giovanni Ceglia works to improve new Internet tools and services for online marketing and business. Estaplace.com will become the biggest portal for real estate business and investments online.