![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1209133/small_1621510225-avatar-philips79.jpg?twic=v1/output=image&v=2)
22 April 2019 | 13 replies
Before you prematurely admit to defeat contact more banks and let them know your situations and see if they will work with you.With that there is much risk in dealing with leveraging multiple properties and that really depends on your risk tolerance.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1293687/small_1621511064-avatar-kent53.jpg?twic=v1/output=image&v=2)
16 April 2019 | 22 replies
That defeats the purpose of investing, correct?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1357286/small_1694885699-avatar-mariap98.jpg?twic=v1/output=image&v=2)
15 April 2019 | 6 replies
I actually do not want them there, because in my case in defeats partially the purpose of the LLC.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1050613/small_1621508103-avatar-haileyb1.jpg?twic=v1/output=image&v=2)
13 September 2019 | 16 replies
But, now that taxes have come around, because the 1031 was never put in her name, she is getting taxed for the capital gains on her portion, which defeats the whole purpose of the 1031.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/809773/small_1621498187-avatar-danielh185.jpg?twic=v1/output=image&v=2)
5 October 2020 | 9 replies
What we did was illegal since email recipients have to Opt-In before you send an email and that law defeats the purpose to contact homeowners you don't know to discuss their foreclosure.
15 September 2019 | 3 replies
Doesn't that defeat the primary legal purpose of an LLC: asset protection?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1391584/small_1621511873-avatar-kylef102.jpg?twic=v1/output=image&v=2)
25 September 2019 | 16 replies
Slowly increase her rent over the years which defeats our purpose of house hacking or bump it up to market value and put the ball in her court to see if she still wants to stay?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1264809/small_1621510801-avatar-rice.jpg?twic=v1/output=image&v=2)
21 June 2019 | 7 replies
One suggested I deed my property from my LLC to my private self an apply for a conventional loan which defeats the whole point of the entity.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1117011/small_1621509142-avatar-adedayoo.jpg?twic=v1/output=image&v=2)
19 June 2019 | 6 replies
If the property is already completely renovated that sorta defeats the purpose of a wholesale deal.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1336072/small_1695386643-avatar-vaibhavv1.jpg?twic=v1/output=image&v=2)
6 August 2019 | 5 replies
That of course defeats the purpose and another big name national bank is willing to do it on the appraised price but there’s at least a 12 months waiting condition.