On Fri, Jun 13, 2008 at 12:00 PM, Jay R. Ashworth <[EMAIL PROTECTED]> wrote: > On Fri, Jun 13, 2008 at 09:42:13AM -0400, Steve Totaro wrote: >> It is similar to forming a corporation that owns your house and >> generates revenue from you paying "rent" (mortgage) payments. It is >> obviously a wash but your house is protected from any claims against >> you personally since it is owned by a total legally separate corporate >> entity. > > Yup. > > But it'll cost you: at least in Florida, if a corporation owns your > home, you don't get the $25,000 homestead exemption on your property > taxes... > > Cheers, > -- jra > -- > Jay R. Ashworth Baylink [EMAIL > PROTECTED] > Designer The Things I Think RFC 2100 > Ashworth & Associates http://baylink.pitas.com '87 e24 > St Petersburg FL USA http://photo.imageinc.us +1 727 647 1274 > > Those who cast the vote decide nothing. > Those who count the vote decide everything. > -- (Joseph Stalin) >
People can't even sell their property in most of FLA. $6,000 insurance (if you can get it) a year in Boca for a town house. Nobody is buying unless it is one of those "We Buy Houses" guys. Now they are the real scumbags. Thanks, Steve T _______________________________________________ -- Bandwidth and Colocation Provided by http://www.api-digital.com -- asterisk-users mailing list To UNSUBSCRIBE or update options visit: http://lists.digium.com/mailman/listinfo/asterisk-users
