15 year old landlord (CNN)

[Zippyman]

Originally Posted by sware2cod

Her mother is a regular poster on CD. The mother's CD name is SoFLGal.

She's a realtor and finds homes for investors. If you're looking to buy, she'd probably be a good realtor to use.

Other reports I've read indicated that she was looting mom's reos for appliances to fund this "business"..

Jailarity ensues in future articles, I'm sure..

[max.b]

I'm not talking about SoFLGal in particular, but, as a buyer, how do you know that a realtor really represents your interests instead of keeping the best deals "in the family"?

[Informed Info]

Originally Posted by NY Annie

A trust in the child's name can own the property; the child cannot. period.

And so, while I agree with bentlebee, it didn't happen.

But it did happen, it's just didn't happen the way the media is playing it out or how the kid thinks it works.

I'm waiting for my 13 year old to turn 14 so all rental properties can be put under his name and in trust (when his siblings reach 14, we will re-do the paperwork to include all of them) and his tuition (eventually all 3) will be paid out from the trust and possibly another RE purchase in trust...

This little girl is clueless and her parents must be famewhores b/c this is NOTHING new.

It's been going on forever.

1985: Hey Sawdust? Yes mommy? You're 14, sign this. Ok Mom!

Hopefully this little girl who thinks she owns a house doesn't end up hating her parents when she's 18.

[eevee188]

Originally Posted by Sawdustmaker

But it did happen, it's just didn't happen the way the media is playing it out or how the kid thinks it works.

I'm waiting for my 13 year old to turn 14 so all rental properties can be put under his name and in trust (when his siblings reach 14, we will re-do the paperwork to include all of them) and his tuition (eventually all 3) will be paid out from the trust and possibly another RE purchase in trust...

This little girl is clueless and her parents must be famewhores b/c this is NOTHING new.

It's been going on forever.

1985: Hey Sawdust? Yes mommy? You're 14, sign this. Ok Mom!

Hopefully this little girl who thinks she owns a house doesn't end up hating her parents when she's 18.

What is the benefit of doing it that way? Avoiding taxes or what? And I suppose the girl has to rely on the mom to voluntarily turn over the house when she turns 18, since she doesn't legally own it?