BiggerPockets

Hi, no one wants to stay away from an X more than I do and I understand you guys wanting not to pay alimony, especially if she is shacked up, but really! If it's child sipport, take responsibility!
There is no legal way to hide money, not with an business entity, not with any off shore account, no trust, there is just no way to hide it legally! Don't believe me? It's called money laundering, tax evasion and perjury when the question asked in court is "How much do you make?" Simple, own up to it. If you don't want to pay anything for five years don't make anything! If you owe it you will pay it eventually, so get it over with and pay her off. See if you can get a lump sum payment to get her off your back. There are ticked off father/husband sites to address marital problems. Good luck, Bill

Hi, yes I understand and I'm glad to hear you are willing to pay Cesar, but what you are not getting is that when you go to court, and you might go back several times in the future, her attorney only has to ask you what you make and you need to tell the truth. Because after he asks that, he can have the court pull your tax returns, bank records, real estate deeds, contracts, notes, etc. At that point if you lied in the first place, the judge will be gunning for you too.
The type of business you have has nothing to do with writing off expenses, unless you want to have a C corporation and be tax twice....
You can have a strategy of saying making capital improvements to your properties, spend money to put a nicer roof on, landscape that MH park, repave the road, etc. this will reduce you income. If you don't want people to know what properties you have, I wouldn't post them on the internet! I have knew a guy that put all of his assets in his family's name and worked for them for an hourly wage and was just plain poor. He had a contract to purchase properties but was not in title and did not receive the income, which was held in a trust by his parents for him later on. So, he skated by, but then again, he really couln't finance a kool aid stand either. The othger school of thought might be to go forward and make as much money as you can, child support is usually set by statute and alimony, if any, can only go up so much if your income is made after the divorce. So, if you make a million, so what, you can afford the better attorney and just pay her off and move on. Maybe there are others here who will chime in on your plight...those are basically my suggestions. Good Luck, Bill

LOL! Other than you telling the whole world you did on the internet! Good luck, Bill

Try and "stay away from Court".

Work something "out of Court" with the ex-wife. If she will not work directly with you, try to find someone else that she may work with in your behalf.

Otherwise. Good luck!

P.S. If you decide to "stuff your mattress", pleeeeeeze do not post it here (your "ex" may be reading this forum too?) Just kidding! LOL!

Bob Dobbs
Land Rescue League LLC

I would have to agree with Vikram. Without knowing the answers to several questions it would be hard to prove good advice. Talking about this on an open forum probably is not a good idea either.

If you haven't already, I would suggest getting a good attorney. You may need to consult with several because you have several issues to address.

Once answrs are posted to Vikrams questions, we can be better informed to assist you.

One thing that has eluded all so far is that an LLC is a "pass-through" entity and as such, gives you no tax benefits at all. (aqt least not the LLC itself)

However, as a RE investor with an entity (LLC, S-corp, or other) you can deduct business expenses such as auto, office, travel, depreciation, ammortization, etc and reduce your taxable income, but in divorce court, count on the opposing attorney to argue to add back in any paper losses.

Best advice is to settle out of court. The only winners in court are the lawyers!

I really appreciate the input guys. I have settled outside of court but I would like to prepare for the future just in case she decides to come after me again.

If you can, just settle up and give her what the court decides. After the divorce there is no law preventing you from starting another company and working out of that entity. Dangerous decision to post this on the internet though, I hope this feed gets cancelled and no one gets subpoenaed.

First of all Matt. For the love of god, why do people think the internet is anonymous anymore? This isn't 1995. The internet is quite the opposite these days. Basically everything on the net is trackable if someone cares enough.

You don't have to be a "super l33t hacker" or anything like that. Honestly all most internet detective work takes common sense.

You know what I would do if I was a lawyer and got your case? The FIRST thing I would do? I would google your name, city, state.

Guess what happens when you google "Matt Salazar San Angelo tx"? Just click the link below...

http://lmgtfy.com/?q=matt+salazar+san+angelo+tx

Oh, and while I'm at it, hello Matt's ex's attorney. I know you are reading this.

Next time use a throwaway account...

Well now you know :-)

also, check out http://pipl.com. Kind of scary what you can pull up on people. I don't have much of a history yet though so good luck finding anything interesting about me lol :-)