I am never willing to mix business with friends and family. 

If many other people are finding prosperity somewhere, why would avoid mixing it up there too?

This will improve your negotiating position.So you can see that bankruptcy is not always the best first choice and it actually has some negative implications on asset protection and the two really don’t t mix.

@Ryan BendinelliThat is an interesting question and I am not certain of the correct answer.The mix use with you still living there creates a lot of question regarding your homestead, depreciation, income ...I would look at selling the property to a C Corp in installment sale to get the full section 121 exclusion.

@Ryan K.If you weren't going to live in it, it would be a great commercial, mixed use purchase.  25% down and call it a day.As it is, FHA may do it as a primary residence, but it has to have at least 50% residential square footage.  

Hi all,I have a potential deal with that has a laundry mat on the first floor. While I'm not interested in owning a laundry business I have a few connections who are. I'm just wondering what type of lease is usually s...

Some truth mixed in with some absurdities mixed in with some "no way, that's got to have been a result of miscommunication." 

Hello all,We are looking at buying a premium mixed use commercial lot on a high traffic corner.

Any thoughts on which term to choose or mix them up?

I heard mixed messages about this being a good or bad idea.