Thanks to a NEW "Ownership Loophole" Called… "The One-Day Flip" You Can Now Flip Houses in a Single Day & Make Up To $44,862 Per Flip — Without. Poster. April 4, 2013, 12:00 AM. . What is the ownership loophole for real estate?. Find My Phone will try to find the location of your phone and display it on the map at the side. Press the OK key to confirm . Financially speaking, it probably makes more sense to give local people a discount on shipping, as opposed to meeting up. Thanks to a NEW "Ownership Loophole" Called… "The One-Day Flip" You Can Now Flip Houses in a Single Day & Make Up To $44,862 Per Flip — Without. See, they’ve got a way to stuff your mailbox with monthly checks of $44,862 or more. institutions undergoing a change in ownership will be required to notify both the Department and the institution's students at least 90 days prior to the change to ensure advance. Four-story wooden building 5,000 gp. And his so-called One Day Flip’s got something to do with finding folks who’re about to foreclose on their home, offering to rescue ’em by buying it at a fair price, then going and finding a cash buyer who’ll pay a. The D. And this makes sense: The general presumption is that you can privately own anything, with rare exceptions for items such as. Bill Richardson Flip Flops on Gun show Loophole. And making just as much money as the rehabbers you. In 2015, the shooter of nine worshipers at Emanuel A. This is more of a loophole to the above qualifiers. ” “On 11/22/22, I am officially f**kng divorced. . Go forward just one day and you can see that the stock closed pretty much at the same price it opened the day before - basically unchanged over the two days of trade. Select the phone you want to find from the list. B Underwriting gamble. A working spouse can also contribute for a non-working (or low-earning) spouse, so. This is a list of episodes from the American sitcom. See less. Manchin might be looking for ways to raise "revenue" so he can tell constituents his bill won't add to the deficit. It applies to investment assets passed on in death. For a home equity loan, you can deduct the interest on up to $750,000 of the loan for married filers, or $375,000 for couples who are married filing separately. 99/yearThe system was created by Cameron Dunlap, a real estate investor with over 20 years of experience. Additionally, business owners should take the following steps to avoid accidentally violating someone else’s IP rights: Create original images or music in advertisements: Businesses may use. loophole meaning: 1. The primary difference between marijuana and hemp is that hemp contains very small amounts of THC. ” It doesn’t matter if you are working a full-time job, have a family, are married or single, or are in your 20s or 80s because anyone can make money from this SECRET. The top Senate Democrat. Video. I’ll share all the details with you on. 2023 This 13-Day Savings Challenge Is Going Viral By Making People Richer. Matter of fact, forget about rehabbing houses entirely because, with this strategy, you’ll be able to flip houses in a. The mother-of-one happily gushed about her divorce, describing it as the “second best day of her life. . Max A, 7 Figure Dropshipper. If you want to grow your business, do more deals, make more money, stride towards freedom, expand your mind, have piles of fun, and be generally awesomer in the process, then you. According to ownership records, Southside’s last two purchases in California were made on Jan. The White Paper identified four types of ownership loopholes: • Scenario 1 – The traditional FSC “ownership loophole” This loophole occurs when X company would intentionally seek out and purchase a piece of land converted by another party, perhaps put in a tree plantation and seek FSC forest management (FM) certification. television, money, business, company | 49K views, 82 likes, 4 loves, 18 comments, 18 shares, Facebook Watch Videos from The One-Day Flip: People are now. When slavery ended in the United States, freedom still eluded. This article has multiple issues. 241K views, 421 likes, 19 loves, 105 comments, 86 shares, Facebook Watch Videos from The One-Day Flip: People are now flipping houses in a SINGLE DAY. If you want to grow your business, do more deals, make more money, stride towards freedom, expand your mind, have piles of fun, and be generally awesomer in the process, then you. Contact your home country's embassy in Washington, D. According to page 146, “A property that is being resold 90 days or fewer following the sellers date of acquisition is not eligible for an FHA-insured. FHA and VA loans have some of the lowest down payment requirements––as little as 3. 7% increase. your username. Another one of the hidden loopholes of real estate is similar to a 1031 exchange. People are now flipping houses in a SINGLE DAY. It seems worth pointing out that the Raiders’ value has skyrocketed from $351 million in. It allows tenants of foreclosed homes, owner-occupants, governments and nonprofits an exclusive 45-day window to match the winning bid at a foreclosure auction. A life estate deed is a legal document that grants real estate ownership to two or more parties according to two types of interest. Since the tax liability is on an individual basis, any change in ownership could potentially trigger the realization of the gain. Step 5. Without any. Todd Hart pocketed his first check in 41 days, for $39,188. Football loves loophole abuse, and several plays depend on it. Pilkey is best known as the author and illustrator of the Captain Underpants book series. (also known as Gidget Hamsterbrains) (born March 4, 1966) is a popular American children's author and artist. Scale to 4-figures a day; Live the life of your dreams; 180-Day guarantee; Premium Support direct from the USA; Additional money making features included; No annual or Monthly fees – just ONE TIME investment; Our exact strategies that we’re using to generate thousands per day as Affiliates; OTO 3: Done-For-You Leads & Swipe. 120K views, 236 likes, 10 loves, 22 comments, 38 shares, Facebook Watch Videos from The One-Day Flip: People are now flipping houses in a SINGLE DAY. The One-Day Flip. By D. Enter “The One-Day Flip,” a system claiming that immense monthly earnings of around $44,862 are within reach. You’ll get a solid foundation of what’s coming your way in the complete training, which means you can begin as quickly as possible! 3. 5K views, 11 likes, 1 loves, 4 comments, 1 shares, Facebook Watch Videos from The One-Day Flip: People are now flipping houses in a SINGLE DAY. ” Cameron Dunlap was born in1965 in Ridgefield, Connecticut. Though more than 90% of the American public supports background checks for all gun sales, a dangerous and deadly loophole in federal gun. In return, these government-backed loans absolutely require owner occupancy. How? Thanks to an “ownership loophole” Dunlap has identified. You Can Now Flip Houses in a Single Day & Make Up To $44,862 Per Flip — Without Investing a Penny of Your Own Money, Taking Out Any Loans, Or Making a Single Repair 1 (no credit check or down payment required) Thanks to a NEW "Ownership Loophole" Called… "The One-Day Flip" You Can Now Flip Houses in a Single Day & Make Up To $44,862 Per Flip — Without Investing a Penny of Your Own Money, Taking Out Any Loans, Or Making a Single Repair First, the One-Day Flip is a real estate investing program that provides you with the resources, tools, software, and network to flip a home in one (1) single day. This U. Thus, the ultimate owner may not appear to meet a regulatory threshold such as 25% for due diligence or the OFAC 50% rule. Home. The Tax Loophole California Real Estate Law. Turn Your Mac/Windows Device Into a Flip Clock. Study with Quizlet and memorize flashcards containing terms like interrogation, John is taken down to the station and placed in a small room. And, if. . What is The. Study with Quizlet and memorize flashcards containing terms like The protagonist and narrator of, "The Stranger", is ____________. . 5% (that is the combined provincial and federal rate). In recent news, IRAS has been going after buyers who avoided taxes with a 99-1 arrangement. Live162K views, 30 likes, 0 loves, 1 comments, 2 shares, Facebook Watch Videos from The One-Day Flip: People are now flipping houses in a SINGLE DAY. Flip TT at the deadline for more assets. , A situation in which a person can. Request funding with a Deal-Funding Certificate, and let my team handle the money on flip day. (2) Pull the lever, diverting the trolley onto the side track where it will kill one person. Set a budget. Thanks to a NEW "Ownership Loophole" Called… "The One-Day Flip" You Can Now Flip Houses in a Single Day & Make Up To $44,862 Per Flip — Without Investing a Penny of. With a 1031 exchange, you have to invest in another property that is considered to be “like-kind. Now take that $140,000 and subtract the cost of repairs. . Renter’s Rights for Repairs in Alabama. Coalition plan for stripping ‘cloak of secrecy’ from shell firms that leaves housing loophole slated by politicians and other criticsThrough this 99-to-1 transfer of ownership, the existing owner only pays ABSD on the 1% stake, versus the full sum on the total purchase price had he co-owned the new property from the start. After purchasing your flip, move right in to take advantage of one of the government’s more generous tax exemptions. If you pull this lever, the trolley will switch to a different set of tracks. The One-Day Flip. 2. The IRS has four simple requirements to determine if you’re eligible to take advantage of depreciation as a tax deduction: (1) you own the property, (2) you use the property to generate income, such as renting it out as an Airbnb, (3) improvement to the property (like the actual house you are renting) has a. Before her marriage to Vitale, the Hollywood veteran was married to the late singer Eddie. Loophole: A technicality that allows a person or business to avoid the scope of a law or restriction without directly violating the law. Watch. The Scam Detector's algorithm finds theonedayflip. A trickle soon turned to a flood. You see, it’s all about taking something called non-binding ownership of a house and flipping it as quickly as possible. Key Metrics. The fixed-rate home loan is not fixed all the way till the end of the loan. So total fee you pay VT would be $44 + $48 =. ” Doesn’t matter how busy you are with your current job, your family, or anything else. If you are married and your spouse is a real estate professional, losses claimed from that person’s real estate business may be used to offset overall income. television, money, business, company | 49K views, 82 likes, 4 loves, 18 comments, 18 shares, Facebook Watch Videos from The One-Day Flip: People are now. and we’re going to add one more way to make it into one… The Flip Your Home Plan. People are now flipping houses in a SINGLE DAY. An example of a tax loophole is the tax break for small businesses who invest in ' heavy vehicles'. S. Thanks to a NEW "Ownership Loophole" Called… "The One-Day Flip" You Can Now Flip Houses in a Single Day & Make Up To $44,862 Per Flip — Without Investing a Penny of Your Own Money, Taking Out Any Loans, Or Making a Single Repair (no credit check or down payment required) Get Instant Access to This FREE Video Now You Can Now Flip Houses in a Single Day & Make Up To $44,862 Per Flip — Without Investing a Penny of Your Own Money Or Making a Single Repair. Under the proposal, the deferral of capital gains from the exchange of real property used in a trade or business, or of investment property, would be limited to $500,000 ($1 million for married individuals filing jointly). Few of the Democrats’ “loopholes” meet this definition. Occupancy Fraud: A type of mortgage fraud, whereby the borrower lies about whether or not the home will be owner occupied. No matter how big the death benefit is—$70,000 or $50 million—your beneficiaries won't pay a single cent of income tax on the money they get. ( Learn how and when to remove this template message. The IRS’s. by Eric Teetsel. 15 comments. The black codes effectively continued enslavement for African Americans by restricting their rights and exploiting their labor. Hannah Cottrell SEO Reporter. Included in Senate Bill 2 was an exception to this rule for when certain disasters occurred. I’m Donna Bordeaux. We’ll do. television, cheque | 114K views, 144 likes, 1 loves, 37 comments, 22 shares, Facebook Watch Videos from The One-Day Flip: People are now flipping houses. 997% top income tax rate in Ohio. . Define loophole. It's not going to end, ever. At press time, there have been 156 reports in the last day, 989 in the last week, and 4,112 in the last month. Cameron Dunlap believes once you have closed your first few deals. You can do this. Accordingly, individuals who write or record music together are generally co-owners under copyright law. , a means of evading or escaping an obligation, enforcement of a law or contract, etc. Use a Bill of Sale. The man in the middle is Augusto Galvan. Although it’s easier to receive FHA loan approval past the 91-day mark, there is also a flip rule for properties resold and owned for 91-180 days – making it a little trickier to qualify. And there isn't any "No-Fly List Gun-Ownership Loophole. Flipping properties and buying and holding real estate represent two different investment strategies. The shares are now at a three-year low, having plunged 29% since mid-July and 35% since GMT first published the report:. 171K views, 251 likes, 5 loves, 11 comments, 27 shares, Facebook Watch Videos from The One-Day Flip: People are now flipping houses in a SINGLE DAY. . Partnerships offer flexibility in how economic returns can be shared by the partners. One, you must have a minimum of 1,000 subscribers. He lives in Bainbridge Island, Washington, near Seattle with his wife, Sayuri. I always buy my day one games physical via online outlets and i always save between £15-£20. a hole or narrow slit in the wall of a fort, etc. However, she controls company A because there is no other owner. ”. . 1. If you're experienced, we want to help you crank things to the next level. One of. In a 721 exchange, you don’t have to put your profits into a. Yes!” Bertinelli joyfully screamed in the video. was one of at least 74 properties Southside Neighborhood Stabilization has acquired since its inception in early 2021. • Accountability. Flipping houses is time-consuming. LiveVideo. Joe Salome owns the Georgia Hemp Company, which in October started selling Delta 8 locally and shipping nationally — about 25 orders a day, he said. Their loophole was that they sold the policy based on 28 days per month (a lunar year) versus 365 days (a solar calendar year). The One-Day Flip · July 25 · · July 25 ·Supposedly, it’s this “ownership loophole. Live655 views, 6 likes, 0 loves, 0 comments, 1 shares, Facebook Watch Videos from The One-Day Flip: People are now flipping houses in a SINGLE DAY. August 18, 2022 ·. 221K views, 124 likes, 4 loves, 16 comments, 29 shares, Facebook Watch Videos from The One-Day Flip: People are now flipping houses in a SINGLE DAY. He was legally prohibited from having a firearm, but was able to complete the purchase because his background check was not completed within three business days. A new California bill would crack down on renovation-related evictions — one of the few reason property owners can evict tenants without cause in the state. Another user, Sarah, emphasizes the convenience of NFT Loophole. 3K views, 55 likes, 5 loves, 1 comments, 6 shares, Facebook Watch Videos from The One-Day Flip: People are now flipping houses in a SINGLE. Although it’s easier to receive FHA loan approval past the 91-day mark, there is also a flip rule for properties resold and owned for 91-180 days – making it a little trickier to qualify. television | 68K views, 202 likes, 1 loves, 16 comments, 23 shares, Facebook Watch Videos from The One-Day Flip: People are now flipping houses in a. This scam is exposed on video by Jennifer Beeston from Guaranteed Rate Mortgage. You have two options: (1) Do nothing, and the trolley kills the five people on the main track. Medium-Risk. I'll be refining this further but given the assumptions so far we see the following real estate prices: Single-story wooden building (~3 rooms) 2,000 gp. 1M views, 36 likes, 0 loves, 3 comments, 4 shares, Facebook Watch Videos from The One-Day Flip: People are now flipping houses in a SINGLE. 1. Home. And that’s just working a few hours a week in your spare time. I’ll share all the details with you on the. The One-Day Flip · May 30 ·. And making just as much money as the rehabbers you. From the quality of the customer service in its Domain Names industry to clients' public feedback. As a business owner, you’re your own boss. Rob Siegel. 2. Step 4. Welcome! Log into your account. Gun Registration! How can there be a loophole when we graciously granted this Infringement on an Inalienable Right in the first place. Specifically, the “change of ownership” loophole allows commercial property owners to avoid reassessment of their properties when they are sold. One day, after a long double shift driving trucks, Eviton came home, exhausted. Home. Watch. . For anyone interested in larger. Access. Take the “carried-interest loophole,” which intentionally functions in tax code as a means of incentivizing investment, risk, and “sweat equity”—ownership stakes generated through work. ”. See More Franchises. 1. Say you’ve listed your rental on Airbnb, Vrbo, and another vacation rental site. Over 30% net profit average. loophole - an ambiguity (especially one in the text of a law or contract) that makes it possible to evade a difficulty or. Key Takeaways. State Representative Will Mortenson is carrying a bill that would close one loophole to that law. Whether you’re in. So, if NADA “good” value is $800. He also praises the user-friendly interface, which makes it easy for beginners like him to navigate the platform. Tax benefits can usually only be claimed by the owner of a project. $50,000. Comments. Instead, each jurisdiction, eg the UK, should. Tom Ammiano, a Democrat from San Francisco who termed out of the Assembly last year, carried a bill to close the commercial ownership loophole in 2014, with the proposal earning rare support from. As a new senator, Gillibrand was transformed from a rabid opponent of gun control--with a 100% rating from the NRA--to a cosponsor of gun control legislation. And making just as much money as the rehabbers. LiveThe answer can be found in the FHA single family loan rules in HUD 4000. You can do this. Search titles only By: Search Advanced search…Property tax revenues for cities, counties, and certain special districts cannot rise by more than 3. The life tenant acquires what is called a “life estate,” which generally means they can live on and make use of the property until the designated person’s death. The Third Circuit held in Rosenberg v. #7: Look to life insurance for a loophole your heirs will appreciate. The vast majority of Americans – 97% – now own a cellphone of some kind. 171K views, 251 likes, 5 loves, 11 comments, 27 shares, Facebook Watch Videos from The One-Day Flip: People are now flipping houses in a SINGLE DAY. This cap applies to loans taken out. October 21, 2023. With “The One-Day Flip,” you’re not rehabbing houses, dealing with challenging tenants, or even personally visiting properties. “It’s taken off tremendously. If repairs aren’t made in a timely manner, Alabama tenants can sue for costs, or a court order to force the landlord to make repairs. . . Home. He is a graduate of the Rochester Institute of Technology in Rochester, New York. The said program revolved around his so-called “ownership loophole” that could stuff your mailbox with $22k. Follow. Closing the beneficial ownership loophole will not just reduce our nation’s vulnerability to foreign corruption — it will also create a firmer foundation for the United States to lead anti. 90 rank based on 50 factors relevant to theonedayflip. That’s a no-brainer for you as the host. Then pull out several sticks and give one each to the owner's oldest son, grandson, great-grandson, etc. Video. The de minimis loophole. Circular ownership structures can act as a loophole for ultimate. George Tibbles. . I'll never pay £. I’ll share all the details with you on the next page. The One-Day Flip system includes a variety of tools and resources, including: A step-by-step guide to finding and flipping properties in one day. The house also needs to appraise for what you are paying, if you are buying a house that needs 100k in renovation, the bank may not lend on it period. The only issue with that scenario is that Dooku had no care for the Sith. Cameron Dunlap was born in1965 in Ridgefield, Connecticut. Under existing law, if someone sells a stock or an asset they must pay capital. “A South Dakota LLC, a South Dakota partnership or a South Dakota corporation could. This specific proposition was in place to protect people who buy or rent land for living or farming purposes. You have now turned the fee simple owner into a fee tail owner — or, to use the correct legal term, a "tenant in tail. As a truly small business owner, you’re busy building your empire. . If the property is between 91-180 days and is being re-sold using an FHA insured loan, the buyer will need a second appraisal if:The IRS has published Final Regulations finalizing its prior guidance that partners in a partnership must pay self-employment tax on their partnership income, even if they work for an entity owned entirely by the partnership and that is disregarded as an entity separate from the partnership for federal income tax purposes. . The loophole overwhelmingly favors ultra-wealthy families and costs the United States more than $40 billion per year. . . he was expected to flip on the “mental switch” that necessitated his placating and pandering to those too. How? Thanks to an “ownership loophole” Dunlap has identified. Fact: Delaware is the leading jurisdiction for publicly traded corporations listed on U. The three-day waiting period for background checks was negotiated and then intentionally written into law that way at the time of passage. Loophole #1: Save major purchases for year-end. Find your next new or used car with ease Compare prices, models, and more from over. 5K views, 11 likes, 1 loves, 4 comments, 1 shares, Facebook Watch Videos from The One-Day Flip: People are now flipping houses in a SINGLE DAY. Here’s what we mean: Say a guy and a girl are chatting, she’s laughing and smiling, and he’s. C Legal peril. When someone inherits capital assets such as , mutual funds, bonds, and other investment property, the IRS “steps up” the cost basis of those properties. According to page 146, “A property that is being resold 90 days or fewer following the sellers date of acquisition is not eligible for an FHA-insured mortgage. And making just as much money as the rehabbers you. Used often in discussions of taxes. The title. [If your marginal tax rate is in the 40-50% range like many docs, this loophole could be worth $25K a year!-ed] Loophole #3: Section 280A Exclusion and a Related Party. Jody Lee Hunt, a convicted felon, bought a firearm. ” One-Day Flip gives real estate investors a peek through a lens that most people don’t even know about — all thanks to “secret” intel and a proven track record of experience, with super-helpful. 4% for Social Security and 2. The three-day waiting period for background checks was negotiated and then intentionally written into law that way at the time of passage. This is particularly true if you accepted scholarship funding to come to the U. 3. The tax break applies if the vehicle is used at least 50% of the time. But it’s all thanks to a little-known “ownership loophole” that just opened up. Buy And Resell Clothing. Yacht Deduction. The One-Day Flip Review: Quick Details. they literally gave a guest lecture boasting about doing this with Sainsbury’s to squeeze through a legal loophole back in 2013. Closing a Foreign Land Ownership Loophole. FHA Flipping Guidelines For Sales Between 91 – 180 Days. FHA and VA loans are intended solely for primary residences and multi-unit properties (up to four units. 43 comments for “ One of World’s Construction Giants Admits Using Risky Hidden-Debt Loophole “Across Group. ” It doesn’t matter if you are working a full-time job, have a family, are married or single, or are in your 20s or 80s because anyone can make money from this SECRET. ” Most of the time during day to day life, there is no difference between a fee simple owner and a tenant in tail. GM rewards points can get earned in different ways, and in this case, it applies to points credited to a Chevrolet Corvette Z06 owner’s account once they pass 6 months without selling the car on. " It could've even been Dooku's attempt at continuing the Sith Rule of Two, where an apprentice kills their master and takes on a new Sith of their own. by The Penny Hoarder. Keep 100% of the profits without fees, interest, or collateral. . It’s finally over. The man in the middle is Augusto Galvan. Live The answer can be found in the FHA single family loan rules in HUD 4000. Oct 17, 2007 10,719 6,185 San Jose. Brandon Turner, the host of the "Bigger Pockets" podcast, is also a real estate investor and author. C. Use the result to determine the maximum you should pay for a house. It means that the business is Active. Time is money, meeting up takes like 30 minutes out of your day minimum, but it can be a lot more if the person wastes your time. . Note: As of June 26th 2023, the Vermont Department of Motor Vehicles has reportedly closed “The Vermont Loophole. Owning real estate offers investors the opportunity to accumulate wealth over time and avoid. Think It Takes Hard Labor, Risk And Months of Time to Flip Houses? You Can Now Flip Houses in a Single Day & Make Up To $44,862 Per Flip — Without Investing a Penny of Your Own Money, Taking Out Any Loans, Or Making a Single Repair. has underscored that he’s a hunter and gun owner. Without any of the normal headaches & hassles involved. I’ll share all the details with you on. The training is broken down into 4 core video presentations: 01: One-Day Flip Kickstart. No question. Once you own the house, you. He liked to “flip paper”—he’d enter into a contract to buy a $1. Myth: Delaware is the largest U. 3. It can take months to find the right property. Circular ownership. 9% for Medicare (15. driver travels just 29 miles a day, though many of us assume it’s far more. But at the end of the day, “it will still be far more cost effective [for them] to just pay the fine than invest” in energy efficiency upgrades. Inside Foxconn’s empty buildings, empty factories, and empty promises in Wisconsin. When a container is picked up off of the ground and mounted on a chassis for street or highway transport. Moved Permanently. When that bill is finally paid off in 2025, it will have cost Alameda County and Oakland $350 million. " For now Buckingham may be going solo, but he isn't alone. A legal loophole means that you cannot be arrested for possession until the new legislation is passed. Nonsense, says the dude in the pitch video for The One-Day Flip. via: Bigstockphoto / deagreez. LiveAlthough it may be a little late for you, the real answer is this: When you close on a mortgage for a primary residence you are affirming (in an affidavit), two intents:. your passwordA 2020 lawyer intended until make it easier for homeowners and nonprofits to buy foreclosed homes has been used by faked and out-of-state nonprofits to scoop up nearness 200 foreclosed my across California, property records show. . I’ll share all the details with you on the. loophole allows your heirs to arbitrarily revalue the stock’s cost at its $30 price on the day you died. . Once the form’s completed, the gun seller can either call the 1-800 number for NICS or use the online system to run the background check. The two of them own the project as partners through a partnership. Mixed-use is not the same as integrated. Sacramento-- - A bill to close a loophole in Proposition 13 that lets commercial property buyers avoid higher taxes has received such a rare mix of support that one Republican lawmaker quipped. During this long weekend, the management team will strategize about the business for the next year. This training also comes with $600,000 in startup funding, so obtaining money for your first deals is NOT a problem. You Can Now Flip Houses in a Single Day & Make Up To $44,862 Per Flip — Without Investing a Penny of Your Own Money, Taking Out Any Loans, Or Making a Single Repair. This loophole works because the beneficial owner of an account is not always reported under the OECD’s standard. When an owner doesn’t pay property taxes, the local tax authority may seize the property. And making just as much money as the. . policy allows imports. Another one of the hidden loopholes of real estate is similar to a 1031 exchange. David Murray "Dav" Pilkey, Jr. But it’s all thanks to a little-known “ownership loophole” that just opened up.