I don't beleive this is true based on the IRS site stating you don't have to issue a 1099 if you are "not engaged in a trade or business."  

Finding ways to recycle cash/buy equity is the name of the game.

That is the thing about the game we are playing....every job is diferent and you can count on absolutely nothing.

This can be a game-changer for fix-and-flips, buy-and-hold investments, or new development projects.For lenders, it can mean earning higher returns, often in the range of 8-12%, backed by the property itself.

Quote from @Ava Petruso: New to investing but been in the real estate game for 8 years as a high volume realtor.

The best way I have found to learn is to be in the game. 

Get Kiyosaki's CashFlow Game and play with the family.  

Generally, once you engage a Public Adjuster, your agent is out of the loop.  

Quote from @Patricia Andriolo-Bull: Quote from @Andrew Steffens: Quote from @Patricia Andriolo-Bull: Love the points game.

I have over 18+ years in the REI game and the financing side is my expertise.