Easy way to own a house ???
- Thread starter rickymac21
- Start date
dinobelly
Well-Known Member
not all...you can find visas @cvs that dont require a name or address. I pay my ebay fees with those
neophyte101
Active Member
Vanilla visa gift cards don't require shit because their gift cards not the reloadable gift cards. The hair salon idea is great that would definitely work. Personally I like the idea of buying the cheap house and fixing it up but instead of living in it I would rent it out so you can use the rent money as the income that actually fixed the house. Or atleast say it did. Say your mortgage and insurance comes to 700 you rent for 1100 that a extra 400 a month really not shit but it can buy materials you need to fix the place. Would be nice if you lived in a area with multi family homes. Would take your profit from 400 to 1500 now that's niiiice.
neophyte101
Active Member
And one more thing all this electronic stuff is one easy paper trail. Say you do use the vanilla gift card they cant trace it to ur card yay! But now they have the IP that traces it to ur house. There are ways around this I'm sure but it's still not a walk in the park for a beginner.
Snow Crash
Well-Known Member
That and you can't buy a house with a visa gift card...
Stay on target fellas.
Gift cards are good for maybe a few grand a year, but we're talking about hundreds of thousands of dollars that has to come out squeaky clean so a person could own a home without suspicion.
Stay on target fellas.
Gift cards are good for maybe a few grand a year, but we're talking about hundreds of thousands of dollars that has to come out squeaky clean so a person could own a home without suspicion.
You could just buy the house and make installment payments directly to the seller, look into Contract for Deed. That way it doesn't have to go through a bank on your end.
neophyte101
Active Member
That's assuming the seller agrees to the contract. Personally if I'm getting into that type of contract its not gonna be with some one that's selling drugs. Unless there's a clause in the contract that says if you ever stop paying ie. getting arrested I retain ownership of the house and you forfeit all your money.
the hashshasher
Active Member
ok i just read like the first 3 posts so im sure that the question has been answered by now but u would have to prove where u got the money from u sed it isnt none of their bussiness but it is the governments bussiness to no where u got ur money just because they want u to pay taxes on it so best thing to do is make a fake bussiness a "front" and say thats where u got ur money from and then pay the taxes on it but u r good on the part that they cant do anything about u growin weed as long as they cant find anythiing to prove it but they can still audit u i think to try and find how u got the money and i think if shit goes wrong for u they can take it away if u cant prove where u got it from but i dont no maybe auditing just looks at what ur currently doin and if they cant find anything they say fuck it
Sr. Verde
Well-Known Member
thank you for saying that i was scrolling through the posts waiting for someone to LOL
tip top toker
Well-Known Member
If you can't prove something is yours the government won't let you keep it. They own your ass. Even if you said you were given it as a present by a philanthropic traveller. They will turn around and say they cannot find proof that it did not come from criminal means and as such will confiscate it until you can show them that proof.
SkunkDunks
Active Member
Bought my first house earlier this year and can attest to the fact that they check your money, employment, and background very thoroughly. Had to give up a few years worth of tax returns and employment history. I'm not sure how the process goes if your buying with straight cash but I'm sure someone is going to want to know why or how you have that much dough in your account.
Also, to answer the OP's question, I'm not sure if 250k could last you the rest of your life depending on how much the house is. Don't forget yearly property taxes, maintenance, etc. Then you have closing fees, pay your realtor, the list goes on and on. There's alot more then just the purchase price of the house.
Also, to answer the OP's question, I'm not sure if 250k could last you the rest of your life depending on how much the house is. Don't forget yearly property taxes, maintenance, etc. Then you have closing fees, pay your realtor, the list goes on and on. There's alot more then just the purchase price of the house.
cerberus
Well-Known Member
not exactly but close enough to be right about the point..
if they can't figure out how you bought it, then they will start runnig audits on you, if you were good about your crimes and dumb about your money (this would be that case) they'll start finning the shit out of you for past years. If they want you in jail, they will hit you with every year they can all at once and then hit you with an IRS envasion charge but (more often the case) they want your money. so they will hit you with fees and levys on what you didn't pay last year. (and they know you didn't, how did you buy that house?) when you pay it (cause your a dope slinger and you got cash) they will hit you with the year previous to that and so forth.. this will end when on of two things happens a) they believe they got all the money thats theirs.. (think about that scary situation..) b) your out of money and they believe you still owe and your levied till you die.. jail is rare unless they know your a criminal and just can't prove it, not if they are suspicious and cant prove it.
rickymac21
Well-Known Member
Did not expect this thread to get this much attention .lol. But I understand what your saying. no way in hell was i planning on living off that money. Im about to have an associates degree and my girl will be graduating with a bachelors degree in nursing here soon as well. So there will be a steady source of income (if all goes well) . . . But now I figure one of the easiest ways to actually achieve my original goal of getting the house... Basically just have to start off like every other couple and just rent or buy a cheap house, then eventually apply for a loan on some nice house somewhere, and just use all the money I saved up from my "business" to pay monthly payments on the house.. Or just other expenses such as gas, food, appliances, etc... Maybe invest in some stock and just let some of the money sit for 20 years... Im sure there are plenty of ways to actually get away with things like this as long as you dont flaunt the money that you pulled out of no where.
NLXSK1
Well-Known Member
The IRS doesnt fuck around and doesnt need an excuse to impound your financial accounts and/or assets. Just ask Wesley Snipes.
My mom didnt file her taxes for 5 years. The IRS came after her and just assumed she had made money at businesses and while I was working with a tax attorney they raided accounts they had agreed not to. They had no proof she had made money over that 5 years, she had to prove she didnt.
You can easily wash a few hundred dollars but you need to be more sophisticated to wash tens of thousands of dollars per year. People here have been giving you good advice. You would need to start a business that has low overhead and cannot be easily tracked.
In the past, starting a non-profit business as an ordained minister and accepting cash "Donations" from your parishioners was popular. Consulting is really good but you want to figure out how to get the cash into checks because people dont pay consultants with briefcases of cash. There are plenty of jobs that could cover this type of income, you just have to pay taxes on it and be able to show where the income came from.
Start small and like other people said, deposit your paycheck but pay for all untraceable purchases with cash (groceries, gas, etc). The IRS cannot prove you did not live a frugal life. Once the cash starts rolling in, it is time to create a front and PAY YOUR TAXES!!!
Remember, grows get busted because they steal electricity. Growers get busted because they steal taxes. Someone always comes around to check why they aint getting paid...
My mom didnt file her taxes for 5 years. The IRS came after her and just assumed she had made money at businesses and while I was working with a tax attorney they raided accounts they had agreed not to. They had no proof she had made money over that 5 years, she had to prove she didnt.
You can easily wash a few hundred dollars but you need to be more sophisticated to wash tens of thousands of dollars per year. People here have been giving you good advice. You would need to start a business that has low overhead and cannot be easily tracked.
In the past, starting a non-profit business as an ordained minister and accepting cash "Donations" from your parishioners was popular. Consulting is really good but you want to figure out how to get the cash into checks because people dont pay consultants with briefcases of cash. There are plenty of jobs that could cover this type of income, you just have to pay taxes on it and be able to show where the income came from.
Start small and like other people said, deposit your paycheck but pay for all untraceable purchases with cash (groceries, gas, etc). The IRS cannot prove you did not live a frugal life. Once the cash starts rolling in, it is time to create a front and PAY YOUR TAXES!!!
Remember, grows get busted because they steal electricity. Growers get busted because they steal taxes. Someone always comes around to check why they aint getting paid...
Ronjohn7779
Well-Known Member
Here a little weird thing not known by most. The IRS wants you to pay taxes on your illegal biz. They won't ask questions and they won't tell anyone (its a law). Bottom line all they care about is you paying taxes. You can even do normal business deductions for an illegal operation. However the IRS won't let you pay or report taxes on any illegal operations based on drug production or drug trafficking.
You can be a human trafficker or a total low life mobster and pay taxes like anyone else, however someone growing weed will get a deep shit if they tried to do this. In fact most criminals wouldn't get in so much trouble if they just paid taxes on their illegal operations.
Note your personal taxes and your illegal business taxes are two separate things.
How you ask do I know this? Well I learned this in a tax class just last week.
Note however these laws are enacted effect drug dealers most since there is no legal way to report, expense, or pay taxes for these operations.
In any case if you buy a home with a lot of cash a lot of questions will be asked. All transaction of cash over $9,999 are subject to immediate tax filing of where you got the money, how you gave it to, ect. It would really be a burden to spend that money in any kind of high volume transaction. You'd need to spend it a little over time.
You can be a human trafficker or a total low life mobster and pay taxes like anyone else, however someone growing weed will get a deep shit if they tried to do this. In fact most criminals wouldn't get in so much trouble if they just paid taxes on their illegal operations.
Note your personal taxes and your illegal business taxes are two separate things.
How you ask do I know this? Well I learned this in a tax class just last week.
Note however these laws are enacted effect drug dealers most since there is no legal way to report, expense, or pay taxes for these operations.
In any case if you buy a home with a lot of cash a lot of questions will be asked. All transaction of cash over $9,999 are subject to immediate tax filing of where you got the money, how you gave it to, ect. It would really be a burden to spend that money in any kind of high volume transaction. You'd need to spend it a little over time.
beartrapgeorge
New Member
Hey aBudsmoker... SHUT THE FUCK UP!!.. nobody asked you!!..
thedoc08
New Member
You really should stop going to community college and get a real education. Or at least grow a pair when your masters degree teacher says something blatantly incorrect and challenge him. And you have a nice day.
http://www.ksrevenue.org/perstaxtypesdrug.htm
http://www.talkleft.com/story/2004/12/31/664/29828
http://www.charlestoncitypaper.com/...dealers-have-to-pay-taxes/Content?oid=2214930
Sk306
Well-Known Member
Lol thats hilarious i would take this info to the teacher aswell, who would ever buy a Drug Tax Stamp though hah, and i bet the teachers info was just outdated. Wonder if they have anything like that in Canada?
Ronjohn7779
Well-Known Member
You really should learn more about tax accounting. You're talking about local taxes and I'm talking about federal. Those are two separate areas of taxation and the only thing they have in common is the fact you can deduct local taxes from your Federal taxable amount.
Those Stamps are for local Taxes (i.e. State IRS) NOT Federal IRS taxes...I also don't have a community college education and anyone with any sort of common sense would know I was taking about federal taxes. You don't have nearly as many deductions or credits for state taxes. Most business expenses and deductions are the result of paying federal taxes for most people. Perhaps you should educate yourself better before speaking out. I'm sure that job at HR block is really paying itself off for you right now.
Yes I do know about pot stamps taxes. I also know most states don't even issue them so you can't legally pay taxes on it anyway (thats if you wanted to) and the few that do only issue a few hundred or so a year due to legal obligations. Thats another reason why most pot growers that get busted get fined up the ass on back taxes.
If you want to act like a big boy go read IRS Code Sec. 280E which talks about drug trafficking and illegal operations. Its in way more detail then what I wrote about illegal business.
P.S. I'm sorry I can't afford one of those fancy University of Phoenix degrees like yourself! You are way more educated than me and have vastly superior education then I do. For that reason I bow down to your superiority.
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