., business losses in excess of business income).

“Previously, if a married couple had depreciation deductions that exceeded their real estate business income, the couple could claim that "loss" to write off taxes on a maximum of $500,000 in income from other sources, like wages from a day job.Under the change, our rich taxpayer couple -- and this applies only for individuals, not corporations -- can now deduct an unlimited amount of "excess losses" in real estate against income from other sources.

They are referring to the excess business loss limitations under 461(l) which was encacted under the tax cuts and jobs act.

., business losses in excess of business income).

Most of these folks, unless they have a major change in mindset, aren't likely to have much appetite for or interest in real estate investing.

Here’s the update:We are reducing service fees to $999/loan for our Pro customers effective April 1st.We will rebate any fees collected over the past week in excess of that amount back to you as a credit on your next loan.

Any extra or potentially excess fees?

This is referring to “excess business losses” which is the concept of limiting losses in any one business to 500k (MFJ) in any given year to offset other income.Real estate is the major industry benefiting from this because of depreciation increasing paper “losses”.

Your credit union has their specific guidelines that they choose to operate with and that is based on their appetite for risk.The base underwriting criteria for all conventional loans comes from Fannie Mae and Freddie Mac. 

Ratio is skewed at the moment as I been dropping excess cash into the markets to take advantage of cheap index shares.