There’s a big difference between disagreeing with someone’s methods, promises, and forecasts, and detecting actual fraud.I’m not sure that for many of the gurus we call out that fraud is so easily detected, let alone proved.  

When they calculate the financing for spec homes, a lot of times they can't accurately forecast this portion.

The private lender runs "a trade or business", like hard money lenders and professional money lenders do, as opposed to a casual lender such as a friend or a family member.2.

I gotta seriously update my '24' forecast, big time.     

When you have finances in order and a trade that can help an investor, smart young investors like yourself use that as their competitive advantage to be an asset.

It is not as easy and intuitive as Mint and Monarch, but I think the ability to customize it however you want is worth the trade-off (if you like spreadsheets 🤓).

Sometimes, other trades like plumbers remove structure in ways that are not appropriate.

Would you trade a property that makes $600 of cash flow a month that has $100,000 of equity For two properties that each have $100,000 of equity but that make zero cash flow?

Gen Z may be leading a revival in the trades. 1) In an aging population, the median age of electricians, mechanics, and plumbers is falling. 2) Vocational school enrollment is growing faster than at 4-year colleges.More young folks are considering the trades as a career.

The IRS cross-references your 1098s with claimed deductions, raising concerns if discrepancies arise.Private Lenders and Forms 1098: Private lenders are required to send Forms 1098, but only if they meet specific criteria:The private lender operates as a “trade or business,” distinguishing professional lenders from casual lenders like friends or family members.The loan is issued to an individual or a disregarded single-member LLC.The loan is a mortgage secured by real property.The annual interest paid on the mortgage was $600 or more for the previous year.The conditions leave some room for interpretation, particularly regarding the “trade or business” clause.