Light Townsend

Specialty Tax, Alt Financing, & Cannabis. Daily-Archetype Consulting Group. Board- @GreenPointRsrch. Advisor- A111. Author- Modern Captive Insurance. VAE

[Light Townsend @light_townsend]

“CAPTIVE INSURANCE FIXES THIS”

[Light Townsend @light_townsend]

Incentives drive outcomes. Interesting way to get a deal done

[Casey Mericle @CaseyMericle]

Offer:

I’ll buy it for the $1.2M in liens + broker fees

The LPs can master lease it back for a year for $0 rent but they pay all carrying costs

Dunno any banks that’ll lend on vacant buildings with big liens

Do you?

No…but I do know hard money lenders that will they charge 15% tho

So I’ll buy it for the liens & fees subject to inspection so long as I think FMV is more than $2.4M (50% LTV)

I’ll give the LPs a 1-year option to buy it back for the liens/fees + 15%

The loan will be a single payment balloon note

This way the LPs can get rid of the GP

They’ll hold him harmless

That allows the GP not to be sued and he collected his fees

It allows the LPs to save their investment capital because this was getting ready to be taken back

It also allows the LPs to lease it up, find other partners, find a buyer, refinance, etc. without getting foreclosed

The LPs get to capture the upside they were promised

I’m gonna find an investor to put up all the cash at 8-12%

If the deal goes as expected my investor will own get their 8-12% on a mortgage that’s under 50% LTV in 1st position

That’s a super-safe deal

Would ya like if I bought you that opportunity?

The DMs are open (as they say)

The LPs will hopefully come back in the next 12 months and buy, then everyone’s happy

But what happens if they don’t come back?

Didn’t I just buy a building that they’re tryin’ to sell at $3.5M for $1.2M?

It’s only worth $2.5M but I don’t mind

Might I still give the LPs a chance to buy it back for more money…

Probably, since I don’t want this building

Might I also add a little more to my investors 8-12% if that happens, you betcha!

Don’t all parties walk away pretty happy so long as the LPs buy it back?

You may have missed it but I paid for the broker’s fee when I paid the liens so he was thrilled

And the broker might also be able to get a 2nd fee when he brings a buyer for the buy back

Everyone wins!

And I was able to buy for 66% off

Remember how the caller said they couldn’t find a deal?

Use your 🧠 not your spreadsheet next time

That’s how ya make a deal 🤝

[Possum Reviews @ReviewsPossum]

Last night, I read the entirety of C.S. Lewis' The Screwtape Letters. It's a novel told in the form of letters written by a demon to another demon instructing him on ways to manipulate his "patient" to do evil.

This one quote sounded familiar.

[Bones @FrailSkeleton]

When “the laptop” 1st dropped I saw a pic of Hunter Biden with a Chinese girl in black lingerie, she looked to be maybe 9 or 10. U can make Howling Mutant jokes if u want but that whole family is rotten to the core& I don’t think he should graduate to goofy Twitter acct

[Light Townsend @light_townsend]

No cash bonds for me…not for thee. This is a wild exchange

[The Fan Account - Operation Free Dalton @TheFanAccountX]

Kangaroo court breakdown:

>@iFightForKids Alex Rosen steps up first, offers to pay the bondsman $100k from his own savings as a source.

>Then @duelbetcasino Mr. Leverson: a full $1M collateral package, owner sending the cash personally, "in transit as we speak."

>Judge William Goodman won't take it. Local rule caps any one bonding company at $100k, so $1M needs 10 separate companies.

>Defense admits getting 10 lined up is "very difficult." Goodman calls fixing it "a Pandora's box I'm not gonna answer."

>Then he questions the source, poker money, "illegal in Tennessee," though the statute he cites was written for drug money.

The premeditated attacker, Joshua Fox, still free eating chicken wings.

[Fugitive Caesar @ThomBrady5]

Nice to see that people are catching up to what I've been saying

[eigenrobot @eigenrobot]

remember when the public health profession doused its credibility in gasoline and lit a match

the open letter with signatures is still available online and ive backed it up to a private google drive if anyone's interested in doing a "where are they now"

link in next tweet

[Light Townsend @light_townsend]

Who is Harrison Bergeron

[Noah Smith 🐇🇺🇸🇺🇦🇹🇼 @Noahpinion]

We just decided to stop teaching everyone math, in the hopes that this would make society equal because everyone would be equally incompetent

[Learn Latin @latinedisce]

Having gone through the grind of the academic world in Classics and the humanities, I can't stress this enough...

DON'T TRUST THE EXPERTS

[Humble Flow @HumbleFlow]

"Your punishment for having a knife when they searched you would be very different from the thief’s. For him to have a knife was mere misbehavior, tradition, he didn’t know any better. But for you to have one was 'terrorism."

— Aleksandr Solzhenitsyn

[Konstantin Kisin @KonstantinKisin]

Britain had a moment of silence for George Floyd. Our politicians kneeled en masse to show their outrage at his killing. "I can't breathe" became a slogan.

George Floyd died on the other side of the world. He wasn't British.

Henry Nowak *was* British and his treatment by the police was shocking and negligent in the extreme. Yet there is no minute of silence. There is no coordinated public campaign. There is no kneeling at sporting events.

And we all know why.

During the summer of BLM, some people said "All Lives Matter". This was treated as the highest form of racism and anyone who said this was immediately cancelled. Why? Because the people in charge don't actually think all lives matter in the same way.

They have created a racial hierarchy of victimhood where a career criminal who died through mistreatment by police in a foreign country with 0 evidence of racism like George Floyd is automatically sanctified because of the colour of his skin.

And Henry Nowak, a British man, one of ours, is automatically dismissed and ignored because of the colour of his.

This is the ugly fruit of so-called "anti-racism", an obsession with race that has created a two-tier society which treats people differently because of the colour of their skin.

This needs to stop.

[Geiger Capital @Geiger_Capital]

Colombia just held their election.

They require voter ID and use paper ballots. They hand-count the votes of each station one by one. No machines or mail-in ballots due to security concerns.

~24 million votes.
It was all done in a couple hours.

[Cernovich @Cernovich]

“Your punishment for having a knife when they searched you would be very different from the thief’s. For him to have a knife was mere misbehavior, tradition, he didn’t know any better. But for you to have one was ‘terrorism.’” -Alexander Solzhenitsyn

[Light Townsend @light_townsend]

Great post. As the IRS ramps up enforcement actions it’s important to remember good documentation can literally save you millions

[Roger Ledbetter @rledbetterCPA]

Sometimes the IRS does things to collect tax that they can't technically do.

A recent court case reversed a tax seizure of a law firm's operating account ON BEHALF OF A CLIENT'S TAX DUE to the tune of $1.5 million.

The story:

A Baltimore law firm formed a holding company for a foreign client. The firm's attorneys served as officers and director, held cash in trust, and handled the admin.

This was standard service work. The firm did the same for over 1,100 entities.

The IRS audited the client, recharacterized an $850K loan as a capital contribution, and assessed about $1.4 MM as tax due. The client company never appealed and never paid.

When the IRS went to collect, it found the entity had no bank account.

So it issued an "alter-ego levy" and pulled $1.5 MM straight out of the law firm's own operating account, the one that makes payroll.

The theory was that the firm essentially WAS the taxpayer.

The law firm filed suit. And the Court ran the Maryland veil-piercing factors. The firm won on every one.

The firm kept its operating account separate from client trust funds and tracked each client on its own ledger.

The records were all there. Articles, bylaws, minutes, promissory notes, ledgers, balance sheets, returns.

The case turned on documentation and proving the beneficial owners directed decisions. The veil between law firm and client didn't get pierced.

Good recordkeeping saves the day again. Double entry accounting remains undefeated.

[Light Townsend @light_townsend]

@KHendersonCo @SecretCFO has a lot of great content with good storytelling that is interesting and practical

[Anna D. West 🇺🇸 @SlimWiggy]

What's happening in the west isn't a new strategy.

It was actually standard practice in the Ottoman Empire to transplant large numbers of people to cities to alter the demographics & undercut a native majority.

They'd forcibly move or invite tens of thousands of loyal supporters into cities they'd just conquered.

Thessaloniki is one example, resettled with enough Sephardim out of Spain to constitute a new majority and shift Christian Greeks to the minority on their own land.

What's happening now is very intentional and has a heck of a track record.

[Konstantin Kisin @KonstantinKisin]

Strong allies are an asset. Since when did that become controversial?

America should put America first. Europe should put Europe first.

But the idea that America benefits from a weak, dependent, culturally insecure Europe is absurd.

A strong Europe isn't just one that spends more on military defence. It's one that defends free speech, secures its borders, has the confidence to preserve the values that made the West worth defending in the first place, and doesn’t sabotage its own future with unrealistic net zero policies that hollow out its industry while competitors race ahead.

There's no point being offended when Americans criticise us: when they're wrong, they're wrong and should be ignored and when they're right, they're right and we should change course accordingly.

[Dr. Insensitive Jerk @DrInsensitive]

Now that India has flooded the world with FFMGs (Fake Foreign Medical Grads) we must rely on other means to exclude impostor doctors.

The US has two main defenses against impostors:

1. US doctors must complete a supervised US residency. Unfortunately, this residency requirement has been eliminated in 19 states, including mine.

2. Our second and final safeguard is the licensing exam. Almost all US doctors must eventually pass the three parts of the USMLE (US Medical Licensing Exam.)

Unfortunately, exam fraud is as simple as hiring a ringer to take the test for you (he needs to look vaguely like the picture on your driver's license) and avoiding the test centers that check fingerprints. (Grok summary attached.)

Or, impostors could obtain the questions in advance, from insiders or from earlier test takers.

If this sounds like a conspiracy theory, well, it already happened, and you will never guess where.

In 2024, hundreds of scores were invalidated due to leaked questions in Nepal (an Indian suburb) and to anomalous high scores at international centers in India, Pakistan, Nepal, and Jordan.

The statistically-unlikely scores were eventually blamed on early exam takers sharing the questions in WhatsApp groups.

In other news, you can take the first 2 parts of the US medical licensing exam in India. Then you can start practicing medicine in the USA.

Your Indian doctor might be a resident who purchased his Indian medical diploma then purchased the US licensing exam questions and took the test in India.

Fortunately, Part 3 of the exam, which must be passed at some point during residency, can only be taken inside the USA. So we can breathe easy, right?

Well, not exactly.

The US medical licensing exam is written and scored by two organizations. The first is the FSMB (Federation of State Medical Boards) whose president and CEO is....

wait for it....

Dr. Humayun Chaudhry.

The other organization that writes and scores the US medical licensing exam is the NBME (National Board of Medical Examiners.) NBME's Chairman of the Board is....

wait for it...

Dr. Reena Karani. That's her picture below, and why yes, she does happen to be Indian.

The physical testing centers are managed by a company called Prometric, whose Chief Products and Technology officer is....

wait for it....

Jay Chakrapani

Are you seeing the problem with our safeguards against fake doctors?

https://t.co/C3Eh2btRss

[BLACK DUMPLING™ @BlackDumpling]

More and more I'm learning that the nihilistic claptrap we were all told was genius was just Leftist demoralization propaganda.

Situations like this have occurred, and the children didn't turn into little monsters. In fact they survived quite well.

In June 1965, six boys named, aged 13 to 16 "borrowed" a fisherman’s boat hoping to reach Fiji or New Zealand. After a storm damaged the sail and rudder, they drifted for eight days surviving on fish and rainwater collected in coconut shells, before washing up on the rocky uninhabited island of ‘Ata.

Rather than descending into chaos during their months there the boys created a mini society. They planted vegetables, collected and stored rainwater, and maintained a permanent fire. They even built a gymnasium with homemade weights, a badminton court, and chicken pens.

They divided daily chores using rosters, resolved conflicts with time-outs instead of fighting, began and ended each day with songs and prayers. One boy, Gilligan's Isle style, constructed a guitar from driftwood and coconut shell to boost morale. When one of the children broke his leg falling off a cliff the others set it with sticks and leaves and took over his work. They ate fish, coconuts, eggs, wild taro, bananas, and later chickens they had discovered in an ancient volcanic crater.

They endured this for for fifteen months, and never once turned into murderous thugs. A far cry from what we were told would happen.

[Tim Isgro @TimIsgro]

In 1982, Business Week ran a cover story accusing Henry Singleton of "lacking a game plan" and letting the chairman "play" in the stock market.

That same year, Leon Cooperman wrote a rebuttal, outlining the five strategies Singleton used to make Teledyne successful:

(1) Growing through acquisition when the company enjoyed an unusually low cost of capital through its high share price.

(2) Managing his business extremely well. Without any acquisitions he grew net income from approximately $60MM in 1970 to over $400MM in 1981. ROE ranged from 25% to 30% during this period.

(3) Repurchasing his security when it was cheap. By judiciously buying back stock in the seventies, earnings per share grew twice as fast as net income.

(4) Recognizing the long-term attractiveness of stocks over bonds. Singleton was the head of an insurance company, and when his competitors were buying bonds, he bought common stocks.

(5) Building cash for uncertain times.

[Dissident Soaps @DissidentSoaps]

I'd guess that somewhere around 98% of Americans have no idea that these riots in New Jersey are happening.

The left organizes & funds these riots, the MSM suppresses information about them until they reach the breaking point and someone is killed, then they scream.