BonesOfTheMoon@lemmy.worldM to InsanePeopleFacebook@lemmy.world · 19 hours agoSovcit has a random thought.lemmy.worldimagemessage-square11fedilinkarrow-up158arrow-down12
arrow-up156arrow-down1imageSovcit has a random thought.lemmy.worldBonesOfTheMoon@lemmy.worldM to InsanePeopleFacebook@lemmy.world · 19 hours agomessage-square11fedilink
minus-squaresome_guylinkfedilinkarrow-up5·18 hours agoCan I just generate income by loopholing the system? /s
minus-squareEndymion_Mallorn@kbin.melroy.orglinkfedilinkarrow-up1arrow-down1·16 hours agoThis loophole is actually workable though.
minus-squareEndymion_Mallorn@kbin.melroy.orglinkfedilinkarrow-up2·3 hours agoIt’s described up-thread, but basically, use an LLC, sell the house to it, update it, then let the LLC go bankrupt and have it sell the house back to you or someone you know.
minus-squareLumidaub@feddit.orglinkfedilinkEnglisharrow-up1·2 hours agoAh. I see. (No I don’t, but thank you.) This kind of arcane fuckery is why sovcits and their international counterparts exist.
Can I just generate income by loopholing the system? /s
This loophole is actually workable though.
DO tell.
It’s described up-thread, but basically, use an LLC, sell the house to it, update it, then let the LLC go bankrupt and have it sell the house back to you or someone you know.
Ah. I see. (No I don’t, but thank you.)
This kind of arcane fuckery is why sovcits and their international counterparts exist.