The IRS regulations recognize work that’s done in anticipation of starting a business as part of the activity.

If boot is involved, gain must be recognized to the extent of the boot.

How confident are you the teller who recognizes the predecessor as being the account holder from identifying they no longer have access to the bank before processing a withdrawal, wire etc?

After so many years of going unnoticed and dealing with difficult customers, my work is finally being recognized by good people and that feels like an achievement. 

However, just like most of the opportunities out there for tax mitigation, they generally involve recognizing the tax liability and then mitigating it. 

Remember, they can always refer themselves😊Use one of the ideas below to trigger who they know that they could connect you with:Just inherited a homeHad a loved one pass awayIs behind on their mortgage or tax paymentsHas a relative that can’t take care of their house anymoreHas a house they’re having trouble sellingIs facing bankruptcyKnows a probate attorneyKnows a bankruptcy attorneyetcPutting this in OVERDRIVECreate a spreadsheet (Excel or Google Sheet) listing everyone you can think of that would recognize your name or face.

Those that do are typically short term debt though, where they recognize you'll be able to exit their 12-24 mo loan based on forced appreciation.

It gives you focus and makes it much easier to recognize the right deal when it comes along instead of second-guessing everything.I’ve been working with newer investors in similar shoes and I’ve found that having someone in your corner for accountability and guidance really speeds things up.

Right it is important to recognize the emotional components to investing and make rational moves. 

By recognizing the property’s immediate resale potential and pairing it with the right buyer, we turned a simple transaction into a profitable deal.