Here, after various loopholes, the government takes 0%.I recommend grabbing a copy of Rich Dad Poor Dad by Robert Kiyosaki.

Read robert kiyosaki book on Tax Loopholes, i read it and formulated a list of questions to ask a CPA when i find one to see if they are still applicable today... jus a few examples are decpreciation (unsure on how exactly it works but i understand the concept), some rules on capital gain and how to avoid it.

Tony, I have read the new lease option laws, and there are possible loopholes.

Being a Manhattan real estate agent, I am acutely aware of the law and code of ethics that we have to adhere to, but the REI side of me wants to know what you guys think about whether this could be legal, and/or if it is a function of a loophole I don't know about.Thanks!

Meaning 12% annual with 7 points origination is a 19% APR and is usury.Now there is a loophole to this.

noobdog1 says it all pretty well. there are plenty of shady practices going on in NYC brokerages... loopholes and such to fleece dollars from RE prospects, "application fees" should be closely examined before paying them. there are scams with "applications" that usually result to nothing other than just someone collecting your money.

What kind of clauses and loop holes shes should look out for.

., I would think insurance might re-think they "oh, no worries" approach and try to find a loophole so they don't have to pay your claim.

John Fossetti That sucks how every time an investor finds out technique to help people out and get deals done the banks quickly close the loophole.

There may be loopholes and ways of writing contracts that make it favorable.