To minimise tax exposure most of the revenue for the Philippine company was redirected to the HK company because of a loophole that allows foreign derived profits to be exempt from taxation in HK.

I wanted to find out if there was some sort of loophole with that law, but yes honestly the more I learn the less I want to do it.By the way, keep in touch, it was nice meeting you at the Key Realty training!

Loop hole here is that the contract can have the property address on it.Basically Ohio is trying to prevent people from tying up as many properties as they can, and acting like a realtor without a real estate license.Find a good real estate attorney and consult with them before you do anything.

However, I know you have some limitations as to enter a Roth 401k if you make over like 130k a year... there's a loophole to put 5k a year even if you make more, but I don't know much more about this or other limits.I also calculated if you only buy 6 properties around 180k in value with 25% down (I estimated costs with closing and all to be around 60k and threw in another 20k for some repairs before renting or after) and you take loans for 15k and rent them for around 1.6k a month, taking into account expenses, I think you would have no cashflow, but at 15 years, you would generate 10.2k in rents, minus taxes, insurance and all that, I think it would be close to those 6k you would be living on at 65.

No way to be first in line that I know of.It legally has to go to public auction.If you find a loophole I'd love to know about it.John

***As always check with a reputable real estate attorney*** before executing contracts to make sure you don't have loopholes that might wreck you - and you could lose whatever amount of money the other party reasonably sues you for.

In his books Kiyosaki says the wealthy seek loopholes and actively participate in tax avoidance.

At some point, this document may become outdated, or some loophole may pop up warranting a change to the form that you won't know about it.

I don't really blame them for finding a loophole, but my understanding is the loophole was supposed to benefit real estate investors and now they may be screwed with a change in tax law.I get how carried interest works on Wall Street.

Hey looking for a mortgage broker who knows the deal when it comes to REI, creative financing, the work arounds on how to avoid the traditional 20-25% down and any other loop holes there may be out there.I'm trying to get my second home I currently live in a small 2 fam, I plan on upgrading to a larger two family now that the kids have outgrown sharing a room.