All Forum Posts by: Don Antoncich

Bob,

Is this property still for sale?

-Don

Thank you @Don Harris. 

@Adam Schneider, somehow angering the IRS by not transferring large funds the right way.

I would also like to know what people think. I just read through all the posts above and still feel skeptical. I had a call with a guy named Dave from Morris Invest and it seems legitimate. When you take all they said and do research yourself it seems like you're buying a home right around what it is worth fully ready to go. Though I have the same skeptical points as above.

Since the last post 2 weeks ago, has anyone bought from them or find any hidden issues with using Morris Invest?

I'm was wondering what is needed to be done and in what order when using private money to purchase properties in North Carolina. I have a friend who has a good amount of money and is always asking me to borrow it so his wealth can grow and I can buy property. I am thinking of going this way. My concern is what documents are needed? I have an LLC but I know the IRS will be wondering where tens of thousands of dollars came from. Can anyone advise me on the step by step process for borrowing private money that will be used for property in North Carolina and possibly out of state properties?

As far as I know he writes a check, I put it in the LLC account and purchase away. But I fear I'm WAY over simplifying this... or am I?

Thanks!

Curtis, are they both a CPA and a law firm?