Cycles happen in all aspects of life, so far it seems we can also count on economic cycles.

The reason for this is if you heloc you only have to pay back the money you use, with a refi you are responsible for the entire refi amount which can cause you to be overleveraged especially in light of the current economic situation.

Global economic indicators suggest it's a good time to prepare for a cash position to buy, which again means you're in a great position. 

@Matt HummelThe 0/100 partnership may not fly by the IRS if the whole intent of the profit and loss split is for tax purposes.It may not pass the substantial economic effect test.

The economics of this is for another post, however for you and everyone else.  

E&O is normally for an economic loss.   

@Vijaianand Thirunageswaram we are well awake and very eager to buy (and buying of course) assuming a near future economic correction.. ...MF is in hyper growth (step prior to correction) ..

But the code limits deductions to business as much as possible so the deductions are allocated towards productive economic activity, not the tax savings strategies of individuals.

But be careful, you should read through the details of the loan.You have to ask about, and also watch out for, these hazards to your financial health in particular.

The seller has a lot of health issues, which have delayed negotiations, but we have verbally agreed to a price, and I am waiting for their signature.