Originally Posted by
badflaps
Before the tax law changes, group real estate investment schemes were a dime a dozen, I wish I had that money back.
Not to mention gold mines, oil leases, ostrich farms, and cattle embryo futures. Then the IRS retroactively banned interest deductions for non-recourse loans and demanded back taxes plus penalties. Then many of the deals turned out to be frauds from the beginning. Thanks to S/O poverty, I was spared those temptations.
