Thanks Michael,@Ryan Lam yes if you dont have 2 year employment thats fine one loop hole is that you can use university transcript/diploma and time you spent studying in higher education as "2 year employment," history as long as the field you studied and the job we're working in now are "similar in nature."

The loop hole you could look at if you wanted to go down a rabbit hole but would own all the land would be creating an air park.

If I were syndicating 7-figure real estate deals in Manhattan or Boston, I don't think I'd worry too much about the screening loopholes for my tenant base, either.  

These policy's the way that they are sold ARE not suppose to be looked at as "Life insurance" .....the life insurance feature is the LOOPHOLE in the TAX CODE which the IRS is fully aware of  (and you have to pay for it) which is why in the early years (accumulation phase) ppl really wonder what the hell did I just buy???  

Originally posted by Charles Perkins: Staycations over vacationsI think the same point can be made here that I made for spending instead of saving.Originally posted by Charles Perkins: Higher taxes for the Rich :crazed: Yeap....and the "rich" will keep getting defined downward and many "loopholes" will get closed so that people in Washington can confiscate our money and run our lives for us.

I sure hope he either found a good lawyer to make a loophole or isn't breaking the law.

Others say the know loopholes, or the "right way" to do it.

The 1031 exchange is designed to give you a loophole: You are not considered to be selling and buying, you are simply trading your property for a different one or ones.