Talk:Corporate Landlords

Form a corporation to protect your personal assets.

Real Estate is the easiest to manipulate in terms of valuation.

Get investors to put in their money.

Give yourself a good salary and make sure you are paid regularly.

Buy lots of real estate. Get an appraiser that you know will appraise at lowest possible values.

Sell some of the now low value properties to your minor children. The result would be a loss to the corporation. But now the properties are yours.

Build on some of the property. Build lavish condos, hotels, and casino’s using monies invested by other people. Top of the line, high end everything.

As the corporation starts to bleed money, re-negotiate with suppliers and contractors telling them that you have no more money and their best bet of getting anything is to accept .50 on the $1 and go their way. The majority will settle once you have lawyers tell them that even though they would likely win in court, you’ll make sure it takes so many years and so much money that they’ll end up losing even more!

Have the corporation declare bankruptcy because the real estate the corporation invested in lost so much money.

Have your children sell back the properties to you at a loss to themselves. Then have the real estate re-appraised by a new appraiser.

Sell at profit.

Repeat until rich.