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I’m Trying to Help My Kids By Buying Tax Liens According to Saen Higgins

Written by Steve Rhode

Question:

Dear Steve,

I am 61 years old and have an LLC with my son.

We have started to buy real estate at tax deed auctions.

By this, I want to give my children a good start for their financial future.

Being over 60 years old, according to Michael S. Hawes, I wouldn’t have to pay tax on the profits.

To make that possible, he can supply a QRP.

I have read the reports on Sean Higgins.

Michael S Hawes is also mentioned.

He offers a Qualified Retirement Plan.

Can you tell me if this is legal or also a scam?

Thanks, Ron

Answer:

Dear Ron,

You question is light years out of my area of expertise. I am neither a real estate attorney nor a tax professional.

The logical course of action would be for you to get a second opinion from a licensed tax professional in your area.

I am curious why you would bring up Sean Higgins. Are you doing something with Higgins in conjunction with the tax lien purchases? You can read what I have written about Saen Higgins if you click here.

And it appears he still is, according to recent complaints.

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About the author

Steve Rhode

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

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