2min chapter

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42. Sean Wieland: Tax Free Business Exit

Mutiny Investing Podcast

CHAPTER

What Are the Limitations of Taking Out a Loan?

The way that's exchanged is then the client is going to have a promissory noe a. My default, it's ten years, because the law says it has to be some number. Ah, now the strategy there is, when you're an year nine, you can then work with a trustee to re negotiate and say, you know what, i'm willing to up date these terms and extend it out another ten years. The iris does not like to see that you're treating it like an eight t m machine or a piggy ank. There may be som ah, minimum in that sense. Most people are usually interested in getting something.

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