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I can deduct as "investment interest expenses", interest on a loan my parents got me?
I can deduct as "investment interest expenses", interest on a loan my parents got me? What is the name of your state? NV My parents helped me buy a raw land, by taking out a home equity loan on their house and purchasing the land under their name, because I was unable to get a loan on it...- TaoWanderer
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- Replies: 1
- Forum: Tax Law
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What is the Cheapest Safe Way to Transfer a Bare Land from Father to Son
What is the name of your state? NV There is a .3 acre bare land which my dad bought for me in his name, because he could get a loan on it. I have finished paying him back, so there is no need for an escrow service because he already has all the money. I was wondering what is the easiest...- TaoWanderer
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- Replies: 2
- Forum: Buying & Selling a Home
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Usurious Limits on Person to Person Installment Notes in CA
What is the name of your state? CA I am a NV resident and sold an improved 4 acre land in CA for $195,000 with $20,000 down and myself carried the remaining $175,000 as an Installment Note at 10% interest rate for 7 years with a late penalty of 20% of the monthly payment 10 days after the due...- TaoWanderer
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- Replies: 3
- Forum: Buying & Selling a Home
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Can you be forced to take a paternity test?
What is the name of your state? NV- TaoWanderer
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- Replies: 10
- Forum: Child Support
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Are my passengers legally required to identify themselves to the police?
What is the name of your state? NV If I am pulled over while driving, are my passengers legally required to identify themselves to the police? If yes, is verbal identification sufficient or is an identification card required? If verbal identification is sufficient, what information is...- TaoWanderer
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- Replies: 10
- Forum: Speeding and Other Moving Violations
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Need Urgent Help, Cops Gave Me Unfair Ticket
What is the name of your state? NV I was driving in a residential neighborhood approaching a T intersection with a stop sign. I stopped as I always do and turned left. Coming towards me was a sheriff car, they passed me and turned around at the same T intersection and followed me for about a...- TaoWanderer
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- Replies: 10
- Forum: Speeding and Other Moving Violations
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Installment Sales
What is the name of your state? CA This post is was originaly posted in the Tax Forum because it started as more tax related, but has spread into more real estate related topic. Here is the link to the full original thread: https://forum.freeadvice.com/showthread.php?t=371678 If I don't...- TaoWanderer
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- Replies: 4
- Forum: Buying & Selling a Home
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Tax Deferrment Stategy
I bought a 4 acre real estate in Riverside County, California on 3/29/05 with an old mobile home on it for $77,000. I lived there and in Reno, NV over the past 28 months, but spent most of my time at the property in California. I am now selling the property for $195,000 with $20,000 down and...- TaoWanderer
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- Replies: 17
- Forum: Tax Law
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Neighbor's Tree Branches Hanging Over Property Line; Who's Responsible to Cut?
What is the name of your state? NV I have a friend who owns a property which he bought about 6 months ago. Two of the neighbors have trees which their branches hang over the property line onto my friend's property. My friend doesn't like the idea of having to clean up the leaves of the...- TaoWanderer
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- Replies: 2
- Forum: Neighbors & Boundaries
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What does the Law say regarding Fights / Assault; Fists as Deadly Weapons?
What is the name of your state? NV If a fight occurs does it matter who started it or are both parties guilty of assault? If just the starter of a fight is guilty of assault, then who is the starter: the one who spoke the first ill words or the one who touches the other first? Does the...- TaoWanderer
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- Replies: 17
- Forum: Other Crimes – Federal and State
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What does the Law say regarding Fights / Assault; Fists as Deadly Weapons?
What is the name of your state? NV If a fight occurs does it matter who started it or are both parties guilty of assault? If just the starter of a fight is guilty of assault, then who is the starter: the one who spoke the first ill words or the one who touches the other first? Does the...- TaoWanderer
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- Replies: 1
- Forum: Other Crimes – Federal and State
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The legality of selling properties on eBay without clean titles
What is the name of your state? Nevada I've heard a lot lately about people buying properties on Bid4assets and turning around and selling them on eBay. I know the rules of the tax auctions I've been in when you purchase a property there is a period of time (1 or 2 years depending on county)...- TaoWanderer
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- Replies: 1
- Forum: Other Real Estate Law Questions
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Trees in Legal Easement; Right to Remove?
What is the name of your state? Nevada 1/3 acre property A was just purchased by our friends and is behind behind 1/3 acre property B. A 20' wide legal easement granted to property A for access, runs through property B. There are 7 trees in the easement restricting access. The narrowest gap...- TaoWanderer
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- Replies: 9
- Forum: Neighbors & Boundaries
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Doomed to a life of debt? Please Help.
What is the name of your state? NV I owe $50,000. to an attorney which is going up by 23% per year. I have no money and there is no chance I will ever be able to pay it back. Can I declare bankruptcy to remove this debt and get on with on my life or am I doomed forever? I have been paying...- TaoWanderer
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- Replies: 14
- Forum: Consumer Bankruptcy
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Sovereignty, Myth or Reality. Pseudolaw?
What is the name of your state? CA I have an recent interesting friend who claims that through little known rights granted in the constitution, which he learned of the secrets from some wise old man, he is able to achieve what he calls sovereignty. Meaning is citizen of no where, but says he...- TaoWanderer
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- Replies: 3
- Forum: US Supreme Court & The Constitution
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Contracts Cannot Violate Law but Can Code, True of False?
What is the name of your state? CA I just went through a nightmare situation with trying to evict a caretaker from my 5 acre property and went through the whole legal process which ended up cost me over $2000. not to mention everything they stole from me of which I will never be able to...- TaoWanderer
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- Replies: 3
- Forum: Landlord / Tenant Issues
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Gift Tax Workaround, Legal?
What is the name of your state? Nevada A friend of mine gave me $155,000 and told me that in order to avoid reporting it we could set it up like a loan: were she lends me the money at 5% interest rate of which I pay once a year interest only payment and then at the end of 30 years the...- TaoWanderer
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- Replies: 4
- Forum: Tax Law
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IRS Rules for Personal Loans
What is the name of your state?What is the name of your state? NV Two of my good freinds in 2004 gave me money to invest in real estate, one person $152k the other $46k. My plan was to call it a personal loan and pay the money back plus 3% APR in one balloon payment at the end of 20 years and...- TaoWanderer
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- Replies: 1
- Forum: Tax Law
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How to declare money giving to buy house / Gift Tax ?'s
They said to post this here instead of under Wills and trust What is the name of your state? I live in NV A very good friend, that lives in OR, who trusts me completely put a check for $140,000 in my Bank account because I am good at finding good deals on real estate and I was to buy a house...- TaoWanderer
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- Replies: 1
- Forum: Tax Law
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How to declare money giving to buy house / Gift Taxes
What is the name of your state? I live in NV A very good friend, that lives in OR, who trusts me completely put a check for $140,000 in my Bank account because I am good at finding good deals on real estate and I was to buy a house in which we were both going to live and both of our names would...- TaoWanderer
- Thread
- Replies: 1
- Forum: Wills, Trusts and Estate Planning
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