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I have learned something amazing about money and property.
I love it passionately AND what anyone else thinks about me and what I do is NONE OF MY BUSINESS and I suppose the same goes fthe other way round all those comments (snides) about money, wealth and property investing from others – well, [biggrin]what I think about them is MY business and none of theirs.
Sideliner
Hello Duchess
I understand another way to protect yourself is to have your beau sign a lease and to pay ‘rent’. That way he is only ever a tenant.
Suggest you could check it out with a lawyer that KNOWS about property and what it entails. A trust is an option, and true the transfer could mean capital gains and any other tax that the state you live in can throw at you. So it is possibly not an option as it is very costly.
You could set up a trust through and have the Trust register a mortgage against the property which means there would not be any ‘profit’ or monies available if you were forced to sell, because mortgages have to be paid out first.
Food for thought. Good luck
SidelinerSideliner
Minimogul
You go girl!
I have thoroughly enjoyed reading this posting and one thing is for sure. Karma is karma baby, and it DOES bite you on the bum when you are not looking.
My understanding is a Bird Dog hunts for deals for you.I have had Buyers Agents do the same thing.That too has worked great for me.
I do not agree with the cash under the counter comment.
However if you receive a finders fee for scoring a property for someone, the money is declared, the GST is paid, where is the problem? All you are technically is a type of consultant
marieall
