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| I finally found a renter. However, the woman barely makes enough to cover the rent. She would only have $500 dollars left over a month after paying the rent. But she also gets 30k in child support.... |
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| I have the opportunity to buy a 4 year old condo worth just shy of 100K for 75K plus closing costs essentially paid. It is in a relatively stable market with no sharp spikes up or down (during the ... |
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I am a landlord and my tenant has moved out. He is waiting for his security deposit back. But first i must inspect house and see if there are any damages.
From what i see...he has parked a ... |
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| How do I kick a roommate out that's not on our lease?(We live in California)? |
We are having several problems with our roommate:
a)She pays rent a day late or so every month and hasn't paid for Nov. yet.
b)She is moody and rude to everyone in the house. She ... |
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| I have had an inspection of the home about 4 weeks ago and that was where my concerns started. The home owners were home so I was not able to to tour the entire house with the inspector. The ... |
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| My Tenant has emailed me to say he doesn't like the style of sink I have in my flat and can we discuss changing it. I have a Victorian style bathroom with a large square sink stand. I think ... |
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 I helped my brother to get a house, he stopped making pmts since Jan08. I have my own house. what will happen? |
| we are both in the mortgage loan. I just started receiving phone calls from the lender. I know eventually we will face foreclosure. I currently have a very good credit and since I have my own house, ... |
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★ Vaginal Discount ★ | My brother wants to put real estate in my name so CHILD SUPPORT doesnt take $$ From him, Advice Please? |
I am 25, my brother is 26. I have no children. He has 3 by different mothers. He loves his kids, but unfortunately has not been man enough to pay child support for the past few years, which is pathetic.
Somehow he came accross a nice 3 bed/2bath fixer home that someone is selling dirt cheap. Well I know he is going to ask me if he can pay cash on the house and vest the title in my name so Child Support doesnt try to lien the house.
If it were for another reason other than child support, I wouldnt really mind, however I just think its time for him to grow up and face the consequences of having children.
He's helped me out a lot in the past, however, I feel this is a battle he needs to face alone. He hasnt asked me yet, however I know soon enough the question will follow.
PS - we both know he wouldnt trust anyone else so it would be hard to say "ask someone else" and also I dont want to say liability because its a quick flip
Got any advice for a fellow yahoo junkie? ;] |
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Landlord
 |
Personally I would rescue my nieces and nephews (those kids are your family too!) by telling the county your dear brother is hiding funds (if he is paying cash for a house obviously he has plenty of money) from his children.
It is time for you to step up to the plate and tell him, no. As these children's aunt you have a responsibility to help those poor kids, or at least not enable your brother to continue to deny them the support they fully deserve.
He does not "love" those kids. How can you love a child and then refuse to feed it and take care of its needs? A loving parent takes care of their kids first, then they worry about themselves. |
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Tanya W
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tell him to grow some. if he can't afford condoms, he shouldn't be buying a house. |
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karen g
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I would say NO....and you know you should too!
First and foremost, if he is hiding from child support, there is a good chance that he could go to jail, if he does, what do you think will happen to the house and the associated payments?
So the question is not what you should do since you already know the answer, the question is HOW you should say no
Why not pretend to look at a few houses yourself
and start talking about your desire to purchase a home of your own.
Then if/when he asks you, you can tell him that you simply cannot afford to have two home loans and the hit to your credit as a result of this purchase since this purchase will make certain that you wont be able to make one of your own.
But all is not lost......
What your brother can do is create a corporation for about $60.00 and he can make the flip a part of his business and thus exempting him from the potential lien since the house will belong to the corporation and not himself.
Better all the way around since he gets the risk of the house not being able to 'flip' in this terrible housing market. |
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Sid
 |
1) If the house costs greater than 10k there are "gift" taxes involved if he puts up the cash in your name.
2) If the house is in your name you are on the hook for property taxes, maintenance, insurance etc. when he loses interest.
3) The idea of a man not supporting his own kids is pathetic. |
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beauty
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My advice is that no matter how much you love your brother I would allow him to have real estate in my name. His track record speaks for itself, if he doesn't want to pay child support for his own kids what will happen when if this home isn't fix up for sale or even sold after being remodel? If the property is in your name you will be responsible for the mortgage notes and home insurance. In in today's market for real estate I just don't think that it would be safe. |
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baserunner316
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So he can afford to buy this house but not take care of his kids??? I wouldn't get involved with this. If it were just an ex and she was a psycho then Id say help, but this is a dad bailing on his kids. Tell him if he can afford the house he can pay support. Whatever he did for you in the past doesn't count in this situation. When you have kids you need to own up. |
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estielmo
 |
This would be fraud and you could be held liable, especially as you admit you know it was done to cheat the state.
OR....
If he pays cash and the house is in your name and you could sell it and give the money to the kids' moms. LOL |
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REO Master
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Would you want this done to you? Carma will always get you. You know as well as anyone reading this your brother can't run forever beside you are those kids aunt. You are their family and you would turn your back on then so your brother can make an investment? Your brother knows better and if this went on in my family I don't care how much my brother did for me I would tell him that he needs to take care of his responsibilities. Those children not only are going without a father but I am sure with out other things as well. When you do have children you will see how very difficult it is and how very important it is to have 2 parents and how hard it is for a mother to raise a child on her own never mind not having any monetary help. So with all that being said you do what you want but just remember Karma will catch up to your brother and you if need be. Good Luck and may the force be with you!! |
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patricia c
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well you can always keep the house , you know let him buy it in your name and when he gets it fixed up it still yours , what is he going to do take you to court ? when he gets mad and leaves move in and live there and put the kids on it as inheritance , make sure you put an age on them or the mom will take it. |
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AccountantKyle
 |
I don't want to make a moral judgement. If you have any moral doubts, I would certainly avoid this type of agreement.
In a field I better understand, you are taking a financial gamble by doing this. While this is often seen as something a lot of people do, like speeding on the highway, remember that this transaction is illegal.
The IRS would very quickly notice a person owning two houses for no real purpose. While this alone is not illegal, it could certainly bring up questions. This could very negatively affect your own credit.
Obviously, this is your brother, and you have to go with your own instincts. Hopefully this information will help in your decision! |
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Yvelise
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I think that this is a bad idea. He is asking you to help him out of paying for stuff/necessities for his children! Shame on him! If he doesn't take responsibility for his children, that's his business and there is no need to involve you - their aunt - in his deception.
What is he thinking of flipping a house in today market? I'm sure that there are lots of flippers out there who are simply stuck with their properties and in trouble. You don't want that trouble. |
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godged
|
Well, here is another perspective.
Initial thought: I think it is despicable he would go this route to avoid providing his children support.
However, you could take advantage of the mortgage interest write off in your IRS issues. You should talk to your accountant about tax ramifications of the mortgage interest and any gains you might have if this is an investment property.
What if it doesn't flip quickly? If he doesn't pay you (there is some history of non-payment of obligations here) can you afford to make the payments?
And if it does, how are the proceeds going to be dispersed?
This sounds like it is more hassle than it is worth, but if you want to help out your brother, I understand that. But you need to know how it is going to impact you over the long haul before you sign up. |
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Joe W
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You already know it's the wrong thing to do - are you in contact with his children? How are you going to feel looking at them and knowing you were a part of them not getting the full amount of support they were entitled to?
There are legal and financial repercussions for you if you do this. Suggest you talk to an accountant at a minimum before signing anything. |
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Expert Realtor
|
Think of it this way:
If YOU didn't feed and clothe any children you had, they would put you in prison for child neglect.
However, considering his children probably need daily meals, daily clothes, use electric, water, etc on a daily basis....no way in heck would I help him get out of those obligations.
Just b/c the children aren't in his direct care doesn't make him any less responsible than the struggling mother who is. |
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