You should definitely issue him a 1099. I have a car dealer friend that routinely does that.
On Fri, Jul 19, 2019, 9:35 PM Chuck McCown <[email protected]> wrote: > You can always take the tax loss so that is worth $5K assuming you are > profitable. > Then issue a 1099 for $15K to him and that will cost him $5K no matter > what. > > *From:* Bill Prince > *Sent:* Friday, July 19, 2019 8:16 PM > *To:* [email protected] > *Subject:* Re: [AFMUG] Wisp value > > > Try strong arming him for $15K, and he'll take the $15K from the other guy > and stiff you. Best bet is to try to get the $15K on the books such that he > can't make a "profit" from it. > > > > bp > <part15sbs{at}gmail{dot}com> > > > On 7/19/2019 6:27 PM, Joshua Samuels wrote: > > I guess I'll play devil's advocate here but why don't you just strong arm > him at this point? You're owed 15k in the rear. 250 subs even at $50/month > is around $12,500/m. I know you don't want the company but the billing > should still be good. Customers should still be paying for service. If you > drop his transit those customers are gonna leave looking to go somewhere > else. > > I'd get him to sign over the company for the past amount due. Redirect all > billing and keep providing services as you currently are. Look to off load > the company to someone else if you don't want it but at least you'd get > some of your money back over the next few months. > > If he says no then go ahead and flip that switch. Consider it a lesson and > a loss. > > > > On Tue, Jul 16, 2019 at 7:17 PM Lewis Bergman <[email protected]> > wrote: > >> Got it. I do wish I was wrong about that though. It would make my >> portfolio look better. >> >> On Tue, Jul 16, 2019, 5:34 PM Ken Hohhof <[email protected]> wrote: >> >>> I think I was agreeing with you, that buying unproductive assets because >>> of 5G is unlikely. If that even made sense, they wouldn’t just be thinking >>> about it now. >>> >>> >>> >>> *From:* AF <[email protected]> *On Behalf Of *Lewis Bergman >>> *Sent:* Tuesday, July 16, 2019 4:04 PM >>> *To:* AnimalFarm Microwave Users Group <[email protected]> >>> *Subject:* Re: [AFMUG] Wisp value >>> >>> >>> >>> Yes, I do believe they have been planning for a while. What's your >>> point? I have purchased towers from all of the largewst tower providers and >>> sold to them as well. I haven't seen any interest in anything that has no >>> revenue stream. I would be thrilled to learn I am wrong though because I >>> own some of those. >>> >>> >>> >>> On Tue, Jul 16, 2019 at 3:54 PM Ken Hohhof <[email protected]> wrote: >>> >>> You don’t think the cellcos have been planning for 5G for the past 3-5 >>> years? I would think the unknown would maybe be T-Mobile/Sprint. >>> >>> >>> >>> I’ll believe AT&T’s powerline guided mmWave feeding tons of small >>> cellsites in rural areas when I see it. But even that goes on utility >>> poles, not towers. >>> >>> >>> >>> *From:* AF <[email protected]> *On Behalf Of *Lewis Bergman >>> *Sent:* Tuesday, July 16, 2019 3:42 PM >>> *To:* Matt Hoppes <[email protected]> >>> *Cc:* AnimalFarm Microwave Users Group <[email protected]> >>> *Subject:* Re: [AFMUG] Wisp value >>> >>> >>> >>> I would be interested in the total of those transactions. My experience >>> may be out of date in that 5G might encourage them to buy unproductive >>> assets. Or, what they bought might be part of a much larger deal that fits >>> my earlier statement. Who knows. >>> >>> >>> >>> On Tue, Jul 16, 2019 at 2:03 PM Matt Hoppes < >>> [email protected]> wrote: >>> >>> Oh? That's news to me... American seems to be buying up tons of cold >>> steel with no customers on them. >>> >>> On 7/16/19 3:01 PM, Lewis Bergman wrote: >>> > A tower company won't want a tower bought in eBay. >>> > They want towers that have ASR, environmental certs, 2 carrier, etc. >>> > They also are not interested in towers without good annual revenue >>> > numbers. You might be able to ditch some in a bundle with revenue >>> > producing towers but those will be deducted but added from the number. >>> > >>> > On Tue, Jul 16, 2019, 1:54 PM Colin Stanners <[email protected] >>> > <mailto:[email protected]>> wrote: >>> > >>> > At least in our area, tower companies (mostly older 2-way >>> providers) >>> > are not buying / building many towers - most of the builds outside >>> > of WISPs are cell carriers, who will only use heavier-duty towers >>> > than what most WISPs will build. >>> > >>> > On Tue, Jul 16, 2019 at 1:50 PM Matt Hoppes >>> > <[email protected] >>> > <mailto:[email protected]>> wrote: >>> > >>> > Remove? Why not sell them to a tower company? >>> > >>> > On 7/16/19 12:44 PM, CBB - Jay Fuller wrote: >>> > > >>> > > 1) if he doesn't have the money you're not going to get it. >>> > > 2) i've been thinking about this a lot lately too. everyone >>> > who only >>> > > values based on annual revenue (as i used to do and have >>> made >>> > several >>> > > purchases based on that) is probably not taking into account >>> > owned >>> > > vertical real estate. a lot of times smaller wisps are only >>> > renting >>> > > water tanks or someone else's tower but as you get bigger >>> you >>> > tend to >>> > > build. i think we must own at least 15 towers...i'm not >>> > sure. we don't >>> > > own the land (we own SOME of the land) but we do own the >>> towers. >>> > > if you're shutting down, there is money involved in REMOVING >>> > those towers. >>> > > >>> > > ----- Original Message ----- >>> > > *From:* TJ Trout <mailto:[email protected] >>> > <mailto:[email protected]>> >>> > > *To:* AnimalFarm Microwave Users Group >>> > <mailto:[email protected] <mailto:[email protected]>> >>> > > *Sent:* Tuesday, July 16, 2019 3:59 AM >>> > > *Subject:* [AFMUG] Wisp value >>> > > >>> > > I've been mentoring a friend of mine, he's young and >>> rather >>> > > ambitious. He started out his 'wisp' using a residential >>> > cable >>> > > connection, I've helped him for basically free for the >>> > last three >>> > > years grow his base to 250 customers, he just last week >>> > acquired a >>> > > failing wisp with 65 subs on a no money down, pay us a >>> > commission >>> > > basis. I've been managing most of his core network and >>> > providing him >>> > > IPv4 and transit for a steal of a price, I even loaned >>> him a >>> > > substantial amount of cash recently to buy a bunch of >>> surplus >>> > > equipment. Well anyway I guess he got caught with >>> another >>> > women and >>> > > his wife is demanding he shut down or sell the wisp for >>> > > whatever reason, he called and put this all on my plate >>> > today. >>> > > >>> > > Instead of offering to sell me the company (I don't >>> > really want it) >>> > > he tellse that he's going to try selling to a local >>> > competitor whom >>> > > I consider slightly a better personal than a child >>> molester. >>> > > >>> > > So anyway I'll try to stop rambling, what's a wisp Worth >>> > these days? >>> > > Gross revenue for a year is what I figure (max) with his >>> > all used >>> > > ubnt equipment? >>> > > >>> > > The other dilemma is that he's about 3 months behind on >>> > his transit >>> > > and his note is due for repayment Monday ~$15k total. >>> > > >>> > > I need a way to ensure I get paid current and I don't >>> let >>> > him get >>> > > behind during the 'sale'. I was thinking to quit being >>> > the nice guy >>> > > and demand the past due balance + the note in full + 3 >>> months >>> > > transit in advance so I don't get screwed during the >>> sale >>> > process if >>> > > he gets behind again. I don't know if he can even come >>> up >>> > with the >>> > > money and my only leverage is to turn his port down... I >>> > have a >>> > > strange feeling he may try to stall me as long as >>> > possible until the >>> > > competition can thing in transit and run off without >>> > paying the bill.... >>> > > >>> > > >>> > > Sorry for he rant, just sick of helping people because >>> > every time I >>> > > do I end up regretting it. >>> > > >>> > > TJ >>> > > >>> > > >>> > >>> ------------------------------------------------------------------------ >>> > > >>> > > -- >>> > > AF mailing list >>> > > [email protected] <mailto:[email protected]> >>> > > http://af.afmug.com/mailman/listinfo/af_af.afmug.com >>> > > >>> > > >>> > >>> > -- >>> > AF mailing list >>> > [email protected] <mailto:[email protected]> >>> > http://af.afmug.com/mailman/listinfo/af_af.afmug.com >>> > >>> > -- >>> > AF mailing list >>> > [email protected] <mailto:[email protected]> >>> > http://af.afmug.com/mailman/listinfo/af_af.afmug.com >>> > >>> > >>> >>> >>> >>> >>> >>> -- >>> >>> Lewis Bergman >>> >>> 325-439-0533 Cell >>> >>> -- >>> AF mailing list >>> [email protected] >>> http://af.afmug.com/mailman/listinfo/af_af.afmug.com >>> >>> >>> >>> >>> >>> -- >>> >>> Lewis Bergman >>> >>> 325-439-0533 Cell >>> -- >>> AF mailing list >>> [email protected] >>> http://af.afmug.com/mailman/listinfo/af_af.afmug.com >>> >> -- >> AF mailing list >> [email protected] >> http://af.afmug.com/mailman/listinfo/af_af.afmug.com >> > > ------------------------------ > -- > AF mailing list > [email protected] > http://af.afmug.com/mailman/listinfo/af_af.afmug.com > -- > AF mailing list > [email protected] > http://af.afmug.com/mailman/listinfo/af_af.afmug.com >
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