A Canadian viewer contacted me and asked if it was possible to accelerate depreciation on business assets the same way that it can be done on income property.

The property bubble in the desert emirate, home to the world’s tallest building, most expensive hotel suite and largest manmade islands, is bursting as scarce credit and slumping oil prices have international investors scurrying to dump assets.

Another option is for the ones of us with more liquid assets and better credit to put in more and own a bigger piece of the LLC and be the "senior" partners, ie make all the decisions.

I cant say as much for them "losing" my authorization every day for 2 weeks in a row.

I was thinking to try and get the asset manager and make an offer to sell me property with current liens for 20k, so I can fix it for 5-10k, and pay penalty another 5-10k, so the worst scenario of expenses would be 10k(fixing)+10k(penalty)+20k(purchase)=40k, what is cheaper deal for me, and might work for bank since they are unable to fix it within 3 months.

Underhanded indeed.Another example of there being too many attorneys in the US.Maybe every loan that goes under a forensic loan audit should have the borrowers' audited as to their income documentation, assets etc.

I was thinking to try and get the asset manager and make an offer to sell me property with current liens for 20k, so I can fix it for 5-10k, and pay penalty another 5-10k, so the worst scenario of expenses would be 10k(fixing)+10k(penalty)+20k(purchase)=40k, what is cheaper deal for me, and might work for bank since they are unable to fix it within 3 months.

You simply have to follow the procedures as set forth by the lender (seller).Yes, you will need to know what to accurately offer.

It is very safe as the assets are purchased at commodity pricing, but it takes lots of money to play.

In 2007 I started to sell residential REO property for an asset manger.