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From / Date: |
Question / Answer: |
| 6114. |
Charles
Athens, Ga
Age: 42
Jul 3, 2009
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RE: Post 6113
I respectfully disagree about not going to law school. Address the real problem there: crooked Sallie Mae! Let's not get into the hatred of lawyers and believe the faux stories that blame all the troubles on lawyers. But for those that want to become an attorney with law school, I recommend the first edition of Planet Law School, and the site: How to Become a Lawyer With No Law School - Be a Lawyer With No Law School - No College. Attorney Ehline writes, "As far as I know, 7 U.S. states will still let you read the law in a law office with no law school degree are Virginia, Washington, Wymong, California, Wyoming, Maine, and New York."
Carolyn Strozier Seklii, who grew up in Savannah, passed the Virginia
State Bar exam last spring and was sworn in this summer as an attorney
at the Supreme Court in Richmond.
And what's so outstanding about that?
Carolyn, a 45-year-old divorced mom of two teenagers, did not attend
law school. Instead, she enrolled in Virginia's law-reader program, an
alternative to law school.
Submitted Link #1: http://www.ehlinelaw.com/pages/3226/How_to_Become_...
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| 6113. |
George
Pomona, CA
Age: 26
Jul 3, 2009
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Perfect Example of Why NOT to Go to Law School
This man was did wrong by the legal system and the presently corrupt student loan industry.
Who would think that you could borrow $270,000 to go to law school and watch it skyrocket to $435,000 in only four years?!
Yeah, he passed the bar, but he still gets denied a legal license to practice law. The ironic reason: his student loans are just too big.
I really don't see how the judges think barring him from making a living will help him in paying back that $435K.
Skip college altogether and avoid this kind of entanglement.
Submitted Link #1: http://www.nytimes.com/2009/07/02/business/02lawye...
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| 6112. |
Lewis
Frisco TX
Age: 62
Jul 2, 2009
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IRS leaning on foreign banks to spy
The British are reporting that the American IRS is trying to coerce them (and other banks around the world) into reporting on American financial transactions with them. If a bank refuses, it will be deemed "unqualified" and the IRS will assume that the American is guilty of "something."
Submitted Link #1: http://business.timesonline.co.uk/tol/business/col...
...
As many of you readers know, I have never suggested offshore trusts or offshore banking accounts. Especially not in tax havens. (Canada, however, is still an excellent option.)
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| 6111. |
Dave
Eagan, MN.
Age: 44
Jul 1, 2009
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#6105 Try Alaska
[Drastically shortened] The best location in the U.S. to fit the offshore profile is the strip of Alaskan state land that borders Canada in the South of the mainland of Alaska along the Pacific. You can park a mobile home there and garden and take all the fresh fish you need out of the ocean and lakes and hunt and live off of the land. The temperatures along the coast there are mild since it is on the Pacific. You also get $1,000 from the Alaskan government because they are not in debt like some other states.
...
I am familiar with Ketchikan, Juneau, Petersburg and Sitka (in addition to Fairbanks, Anchorage, Kodiak Island and Dutch Harbor/Unalaska). Compared to the lower BC mainland, any place in southeast Alaska is cold and dark in winter.
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| 6110. |
Mary
Portland
Age: 44
Jul 1, 2009
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mobile home niche
This got me to thinking! I would buy the mobiles using my LLC and then sell them to survivalists who have bought
"junk land". My question is: How can I market the fact that the buyers privacy would be protected because of my LLC?
Show them how to get their own LLC?
Have my LLC sell directly to their LLC with out names mentioned?
I read survival blogs daily, just as this site, and believe me, survivalists are more interested in privacy than most other people. Don't want others to know what they have!
...
This would be similar to land sales. I buy, say, an acre along a river, and title it in an LLC. I bring in electricty, also in the name of the LLC. Then I sell the LLC to a buyer who wants total privacy.
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| 6108. |
Paul
Stafford, Tx
Age: 58
Jul 1, 2009
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Towns along Washington Canada Border
Hi Jack: Regarding your comments to Ian in the U.K. and towns along the Border: I visited Point Roberts a few years ago. A small penisula of a U.S. town with sole access through the Canadian Border. Are you familiar with it and would you include it in your list of favorable places to live? Security seems pretty good in that you have to pass through U.S. and Canadian Customs coming and going. I would like your thoughts as you are from that area. Thanks in advance. Best Regards
...
Although Point Roberts is unique, what you think is security, I think is a drawback if privacy is desired. Every time you leave Point Roberts to go to any other part of the U.S., you are checked by Canadian and then U.S. Customs, and they both get you again on the return.
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| 6107. |
Dorothy
Topeka, kS
Age: 40
Jun 30, 2009
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mobile home parks, Seth...
I have to say that Seth has some really pertinent points. Mobile home parks, even in my backwater region of the Midwest, are not popping up new. Old ones, however, still plug along in small towns and back-country areas. The one nearest me has deteriorated in the past 5 years, but is still functioning. I would recommend avoiding "city" areas and focusing on rural areas. On a slightly related note... While it is possible to buy a mobile home for CASH and own that mobile home in its entirety, most places that one can find to park that mobile home involve paying a monthly DEBT in the form of "lot rent." If I were personally in a position to look for FREEDOM, I'd be looking for a piece of land in a COUNTRY area that I could afford to pay cash for, and then pay yet more cash for a mobile home to set on that land. All titled in LLC's, "of course." Since the discussion here isn't about personal FREEDOM, but rather about money-making businesses.... I'd be looking to become a mobile home owner (privately of course) and then rent out trailers to good families as a steady stream of income. Again, this whole conversation is about finding one's niche. If this isn't your personal niche, then something else might be!
...
Currently, I recommend buying up cheap rural lots that can be used for RV parking. I'm in that field myself, constantly searching for land along a river where no building is allowed. RVs can still use such land since the RV can be driven off in the case of a flood. For semi-permanent living, add a used 8 x 20 cargo trailer to store all your stuff, or use it as an extra room.
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| 6106. |
Seth
collbran, co
Age: 50
Jun 30, 2009
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Buying and selling mobile homes
It seems to me that the saturation point on mobile homes is directly connected to the availability of spaces in mobile home parks, which are becoming increasingly rare. Many towns and cities view mobile home parks as "slums" and they regulate them out of existence where possible, even though they are the essence of "affordable housing." The trend seems to be for park owners to drive out the lower-class tenants with smaller mobile homes in favor of double and triple-wides whenever they don't simply close the park entirely and convert it to another use. Mobile home parks are high maintenance investments and are less and less favored, and I haven't heard of a single new mobile home park being built in the Denver Metro area in decades because the ROI won't support them based on land prices.
...
Excellent answer, Seth. Times have changed, and not for the better.
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| 6105. |
Ian
Maidenhead, UK
Age: 26
Jun 30, 2009
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Best country to move to?
I'm ready to pack it up and leave the UK. I hear you're working on an international edition of "How to Be Invisible" so perhaps you can help me. I have a decent income from an internet business and I can continue to run it anywhere there's a high-speed Internet connection available.
What country would you suggest for privacy, culture, reasonable living costs, not too hot or too cold, and nearby access to the ocean and to a decent airport?
BTW, I am not the only one leaving the UK. See link.
Submitted Link #1: http://www.expatfocus.com/index.php?name=News&file...
...
That's the easiest question I've been asked in a long time! Check out any of the small towns along the northwestern border of Washington State, USA. Cool summers, temperate winters, as there's nice airport at Bellingham, not to mention ferries that leave there for B.C. and Alaska. For culture, pop up to Vancouver, B.C. You can rent a nice two-bedroom apartment in Sumas (right on the border) for about $675 a month. As for reasonable living costs, I suspect--but cannot prove--that small-town living in the U.S. is less than in the UK. Perhaps some of you readers in Britain can tell me what living costs are in your area?
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| 6104. |
Theresa
Franklin, TN
Age: 44
Jun 30, 2009
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Skip College
Thanks for posting the link to the article on college. As a home educator, I have many parents ask me "What about college?" To which I respond, [unless] they decide to pursue medicine or some other applied knowledge field, I am NOT encouraging my children to go to college.
This article further supports my long-held convictions.
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| 6102. |
Robert
Calgary, Alberta
Age: 40
Jun 29, 2009
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For Canadians
I would like to know if anyone has purchased a LLC from NM and what the advantages for Canadians. Please advise if anyone has any knowledge in this area... or where they can direct me. Thank you.
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| 6101. |
Dorothy
Topeka, KS
Age: 40
Jun 29, 2009
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Post #6099
1) From an editor's point of view, it appears the writer's last sentence is missing a phrase. I won't speculate further... 2) "Saturation point" can be guessed at, but my personal opinion is that it is an ART not a SCIENCE to determine exactly when the saturation point occurs. Some questions to ponder before jumping in to a field that one might not be familiar with: Are there a lot of un-sold mobile homes in your area? Have you inspected those un-sold homes to determine if they are move-in ready? Are most of them "fixer-uppers" that appeal to a broke and desperate group, or can you find some that would appeal to more discerning families? Are you really talented in the fix-it-up aspect of that business? Is the trailer park a place where you would consider raising small children? Tweens? Teenagers? Senior citizens? How far is it to the nearest elementary school? How far is it to the nearest senior nutrition center? The grocery store? It's ALL about the "niche". Is this your niche? Or do you need to keep thinking?
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| 6100. |
Brett
Dallas, Texas
Age: 25
Jun 29, 2009
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ATM use of Canadian Banks
The idea about having a bank account as a backup in Canada sounds like a good idea. However, given the Patriot act and stuff like that, I'm worried that pulling funds out via ATM in the States is going to pop me up as suspect activity or something like that, even though its my money from my US account. After all, the Canadians surely monitor this stuff and report it to Uncle Sam I bet. I guess its important to catch the bad guys but I'm worried someone over here might get the wrong idea. After all, the ATM card would have my name on it. Or did I misunderstand and am I only supposed to use the ATM card for the Canadian bank when I am in Canada due to some problem or whatnot?
...
Here are the comments of a reader who is familiar with that field:"Using the ATM in America should not be a problem. Lots of foreigners pull money out of US ATM's every day. Lots of Americans have accounts in banks all over the world."
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| 6099. |
David
Eagan, MN.
Age: 44
Jun 28, 2009
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Lonnie Scruggs and mobile home biz
Concerning the invisible home based business you recommend in your book which is taught by Lonnie Scruggs regarding buying and financing mobile homes, I had someone caution me with these words:
"Look carefully at the saturation point in your area for this type of real estate investment strategy. I learned too late when I was once getting started in a business that this was a concern I should have understood and had addressed. If too many people are doing what you are doing, it becomes far more difficult to make money."
I thought exactly the same thing before they gave me this caution.
The question now remains: How do we know what the saturation point is and how do we check it?
The response: There is no such thing as saturation is not valid because it is.
...
I don't understand your last sentence but perhaps someone else will.
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| 6098. |
Greg
Hotchkiss, CO
Age: 44
Jun 27, 2009
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6088 DMV records
I cannot speak to all states DMV records, but in Colorado, if your drivers license is queried, your social security number will come up along with all of the other information associated with your license. Running a plate will give the name and address that you find on the registration. If your SSN does not appear on your registration paper, I would think it would not come up in a license plate search.
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| 6097. |
George
Pomona, CA
Age: 26
Jun 26, 2009
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80% of New College Grads Jobless
I know people who have literally left the country to find what little work there is available.
Lesson learned: <Skip college. Go into business for yourself.
Who really wants to graduate with $130K in private school debt and have no jobs to look forward to? And worse, that massive debt is also shielded from bankruptcy, which means it literally will follow you to the grave.
Submitted Link #1: http://prof77.wordpress.com/2009/05/16/new-college...
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| 6096. |
Tommy
New York
Age: 52
Jun 26, 2009
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FACEBOOK SEARCHES: Not anonymous
For those who are unaware, Facebook searches made by you can be revealed to your searched party. I get these e mails from Mylife.com inviting me to pay a small fee to see exactly who was looking at my profile on Facebook. So just be aware of this when doing Facebook searches that you my think are anonymous-they are apparently not...
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| 6095. |
Nathan
Dallas, TX
Age: 25
Jun 25, 2009
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Re: 6093
The person applying for the mortgage will then be required to disclose the personal loan. If the mortgage company or their underwriters discovers any of the monies used for the downpayment are borrowed the loan will be denied. Would also refer you to Title 18 United States Code, Sec 1001, et seq. (Making it a crime to lie on a loan application form 1003)
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| 6093. |
Nona
SF, CA
Age: 44
Jun 24, 2009
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6086 - Mortgage
Make a personal loan to your partner who will show the value in their bank statement or other asset records checked in the mortgage process. That they have the value in their possession seems like it ought to be enough to satisfy the ones looking. Your personal arrangements can keep you invisible.
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| 6092. |
Nathan
Dallas, TX
Age: 25
Jun 24, 2009
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#6086 - Mortgages
Not disclosing the true source of the downpayment in the qualification process of applying for a mortgage.... is called mortgage fraud.
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