In contrast, you can be instrumental in bringing down the world economy and not even get indicted.

So the LLC will need to sell the assets and 1031 into another instrument which can be compatible with 1031 but be completely passive and allow them to generate income on the deferred tax and deferred depreciation recapture for the remainder of their lives.

You've identified the lender's title policy as a junk "fee".You consider the lender's underwriting as well as the preparation of loan docs/security instrument by the lender's attorney to be "junk".There may be a few dollars to argue about in that list but not these.

What it said in that book really made sense to me but at the time I thought there was no way I could do anything about it to start changing my financial life while I was in college so I put it aside amid 22+ credit semesters of college and working part-time jobs, while also always being rehearsal for a play or musical as a theater major.

I'm writing this in Starbucks and they're already playing Christmas music.

@Gail Greenberg I don't know any HML or private lender that doesn't record a security instrument (deed or mortgage) against an asset they are lending on.

You should be able to do this yourself through online access to local land records... using the instrument number or liber/folio of those docs.

Maybe a small beauty parlor, nail salon, art studio, music lessons, or specialty sales books, clothing but it is anout what the area would support, what's missing.

Basic instruments will be a few grand, gps system $20k plus.

But eventually the music will stop and some folks will get caught short.