The IRS is pretty clear that you cannot rent from yourself or your spouse and I think a judge would look at the asset as clearly a liability protection scheme (aka not running as a legit business), pierce the corporate veil, and not provide you any protection.It's fun to start LLCs, but it's also expensive and time consuming to maintain properly (separate accounts, K-1s, 1099s, accountants...) just to provide liability insurance.

I'm talking about the future bailout of the average consumer.

The taxing authorities have every incentive to drag their feet on valuations.I'd predict many taxing authorities have adjusted their budgets to consume all the available revenue.

Originally posted by Jordan Sabo:as far as there being no clothing designers, i went to macys earlier and i tried to find a goddamn jacket for under $100. it took me an hr and it was a perry ellis. what amazes me is that retail stores bi*ch about poor consumer spending but they had maybe 2 clearance racks in the entire store which is asinine.

Nothing else.When I'm waiting for doctor's appointments-dentists, in line for other mundane consumer chores, I put stuff on index cards and study them. like sales objection handlers, marketing ideas, and the like.Or I talk into a portable digital tape recorder.Or I practice to complete and utter strangers my "elevator speech."

This is why many consumers under 80% LTV still pay unrequired mortgage insurance on their loans.....not to be confused with homeowner's insurance.

I lost a lot by being all consumed with real estate.

Have you guys done deals off of them, or do they just consume your time?

This is a time consuming business.

The scoring modules used by the credit bureaus were not designed to benefit the consumer, they were designed to benefit the banks and credit bureaus.