CORPORATIONS OUTLINE

$25K in savings and $75K loan used to buy house. House is mortgaged to secure the loan. Same deal. $10K in savings is invested. Stock rises to $100K. Loan is taken out for $50K with stock as collateral. No taxation still makes sense. Property with basis of $10K and uncertain FMV. Takes out non-recourse loan for $50K with property as collateral. ................
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