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Michael and Randy own commercial real estate and borrowed money against the property. Which is not a bona fide business purpose? Select one: a. Tenant
Michael and Randy own commercial real estate and borrowed money against the property. Which is not a bona fide business purpose?
Select one:
a.
Tenant relocation costs to make room for their private equity business
b.
Cashing out equity before obtaining investors
c.
Required improvements to sell to unrelated third parties
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