If you place your business assets into a business entity for legitimate business purposes, that is not considered a fraudulent transfer, it's considered a transaction between innocent parties in the ordinary course of business... something the UFTA actually protects.

I have been told that the IRS really likes to probe if the status is legitimate.

@Jay Hinrichs would you happen to be able to estimate, from your experience, how much more these people make per home than the legitimate turnkey companies?

So, I wrote him a legitimate bill for the repairs for the one house and the bill was $32,000.The numbers and profit for multi-units is amazing.

We did fix what he asked for if it was a legitimate repair, and even repainted a wall color that he said he liked prior to moving in, but that once he was in, made him feel "sick".

It's because people couldn't legitimately afford to buy properties otherwise.  

Any legitimate judge would throw that out immediately.So, if I had a different entity formed for each property I controlled, if a tenant slipped on ice and sued the entity of her appt complex, she would be limited to that appt complex if it is its own entity. 

If you do that say 6 times a year, that is $360 out of pocket to me.So I guess my personal thought is deduct everything you legitimately can, but just make darn sure you know the rules of how to do it.Dan Dietz

@David Ward  What I meant was, if you have a LEGITIMATE deal, finding the funding for that deal is easy.

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