All Forum Posts by: Chet Mazur

Before Doing any you can't undo w/o $$$, make sure the facilitator, custodian, (Pensco, Broad, Equity Trust, etc...) or whatever they call themselves can do the transaction. Just because the IRS code says you can do something doesn't mean this facilitator/custodian will let you.  I have run into this w/ Equity Trust.

Here are 2 examples, a debt and equity investment in your Norris Lake project.

Friend's SD entity (IRA, Roth, 401k ) lends Allison Construction (you) funds to build a home

You pay them a mutually agreed rate on a mutually agreed schedule,they earn interest in SD entity. You Pay off the mortage, done. Setting up SD entity for 15% interest for a 12 months (say), isn't worth it. Look at the costs.

OR

Friend invests 50K in Norris Lake 1, LLC (which you form in or out of SD structure) for 50% equity in Norris Lake 1, LLC (NL1). Friend now owns 1/2 of everything NL1 does, assets and liabilities. 1 house, 10 houses, whatever. Now 50% of the entire project that NL1 builds is in the friends SD entity. Say they are rental cabins that aren't sold for a while. That's worth an SD structure.

This can be structured a zillion ways. All the other issues as asset and tax planning are not specifically addressed.

If you're looking for deduction, you can always sue and deduct the judgement. Topic 453 - Bad Debt Deduction

if you could save the airfare expense and not have to personally appear by having your property manager appear that would save a great deal of the cost. I would definitely pursue this it costs under $100 to file and serve a person typically and it's a quick and simple process at least that's been my experience with small claims court in California. In California if you're suing as an individual you can sue for up to $10,000 in two separate cases each year. Also confirm the statute of limitations, for how long after the event you can see, before you bother filing any paperwork if you outside the statute of limitations you're done.

The issue is the timing,and getting the firm conducting the sale for Fannie to play ball. I understand they didn't  this in the last sale and again in this sale, to have a pool for community based organizations. Problem is that one NPO w/ > $1B, bought the whole pool.

Also, wrangling together say 5 BPers, if tough.

That's tough. I have had the best results from personal referral. The next best has been peer reviewed lists.

It's tricky you pay for an expert, and then have eDUCATE THEM at $300/hr.

How can those numbers make sense? I vote bogus.

There is one here in silicon valley. They made a club out of it so you can go there and see your friend's Ferrari, or have your car wash b4 you fly in from you  business trip. They seem to be doing well. I'm not that  into cars to get it.

I like brevitas as a newer site and costar's products.

The issue I have seen is the centralize kitchen and recreational area in an ALF that's not in a apartment.

I have had good info from http://www.c-loans.com/. I Have NOT! had good luck from privatemoneygoldmine.