Скачать или смотреть Ask a Lawyer Using Student Loans for Real Estate Investment A Legal Perspective

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Lawyer Cody explains the legal implications of using student loans to fund real estate investments. He emphasizes on why this can be considered fraud. For more legal insights, visit Georgiaslawyer.com.

Disclaimer: For entertainment, education and general information purposes only. Nothing in this video should be construed as legal advice. Always consult a attorney licensed in your jurisdiction. Attorney licensed to practice in Georgia, videos may contain state specific information which may only apply to this jurisdiction.

Transcript:
In the US you can get a student loan for the full amount of college, about $200,000. If you go to like a really nice private school. You- I'm sorry, did you just suggest someone take out student loans and use that money to buy a rental property? Hi, I'm Cody, the internet's favorite lawyer. And stop admitting your crimes on the internet. Stop encouraging people on the internet to commit crimes. That's fraud. You cannot say, hey government, I want a borrow so I might go to college and then use that money to buy rental property. Also not to mention, you couldn't do that even if you wanted to. If you said your friend didn't your lie. So in order to get a student loan, you have to submit the paperwork from the university and the university has to submit half of your paperwork and then the chat goes to the university, which is either refund from your student loan doesn't come from the government. It comes from the university. When you get money back, the university takes the money and says, hey, here's the extra. But also, that's fraud. And it shouldn't take the internet's favorite lawyer to tell you, you can't do that. Stop committing crimes on the internet.