Asset Protection 101

Tax Deductions for Foreclosure Business (Continued)

• Signs on your lawn or some prominent location (“I buy houses”)
• Signs on your car (“I buy houses”)
• Signs (sales) to sell your foreclosure properties
• Tape recorder to record courthouse records and other business matters
• Tools for repairs to foreclosure properties
• Toys or games (safe ones) for homeowner’ s children to play with during foreclosure negotiations
• Thank you cards to referral sources of foreclosures
• Out of town travel expenses to check out properties and to visit preforeclosure homeowners and banks
• TV used solely for business-related video and Internet
• Video equipment and VCRs to view foreclosures and other distressed properties

Related posts

• Tax Deductions for Foreclosure Business – Part Two
• Tax Deductions for Foreclosure Business – Part Three
• Tax Deductions for Foreclosure Business – Part One
• Tax Deductions for Foreclosure Business – Part Four
• Foreclosure Asset Protection