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Updated about 6 years ago on . Most recent reply

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Alex Carbonell
  • Deptarment Of Veterans Affairs
  • Winter Park, FL
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Investing while paying child support

Alex Carbonell
  • Deptarment Of Veterans Affairs
  • Winter Park, FL
Posted

HI...hopefully someone can help answer this questions. I would like to get into real estate, either flipping or rentals but I have a major concern, I owe child support which I pay regularly every month religiously. I am concerned that the Enforcement agency will place a lien on anything I buy with my name and social security number. I have great credit rating of 777, and I am a retired veteran. my questions are the following:

Can I buy investments homes under my name and social security?
If not can I create a LLC and buy under the company name and EIN#?

If none of these options are viable is there another legal way of doing so?

Thank 

Alex

Most Popular Reply

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Bryan O.
  • Specialist
  • Lakewood, CO
1,198
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Bryan O.
  • Specialist
  • Lakewood, CO
Replied

NO EXCUSE FOR YOU! I pay child support myself. Wouldn't it be great to let your property pay that for you?  ;)

Best of luck.

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