Im scrambling to do my taxes.What deductions should i remember to make, or what little known deductions can i make as a wholesaler/investor?

I've joined the Metrolina REIA in Charlotte, (which recently won the award for best REIA in the country), and I'm doing the mad scramble to read and absorb everything I can.

joe, i voted your post hoping it'll help cheer you up..we've all been there, but at least you were financially prepared for it instead of having to scramble and find the money

His legal bills are also covered by donations as well.Assuming his expenses are covered including food and shelter, you can make an argument that at the very least it is important for him to receive those donations in order to support his movements and ultimately keep him safe.This is further supported by his scrambling to keep his site up and running even though the leaked materials were already out.

I know that I would be scrambling to find all the evidence I could find for any gambling losses that I had.

Avery small percentage live in their house for the full 30 year period.On average people move every 5 years or sooner.You have a starter home,move up home,mansion home,and then usually a retirement home.So claiming 30 years of interest losses will be a hard nut to prove.Sounds like maybe loans not processed by a certain date were cut off in mid-process.I know big banks promise a ton of rates online.They put everyone in this funnel and then try to close as many as possible.With one buyer I had before we were 1 week before closing and a bomb was dropped on us.The underwriter handling the buyers loan also was handling 40 other files and quit abruptly.The new underwriter took over the files and there was missing info in just about all the loan docs.Had to scramble to get all this info that was never requested so it could close on time.When you deal with big banks they do volume with low rates and for that there is a lot of errors and inefficiency.A lower rate isn't lower if it doesn't happen.

Also I feel that having people in place would help more than scrambling around during a deal.

You can scramble, pepper and mix all you want, just another contradiction on your part in which you claimed you were seeking clarity.

What I do fear is the immediate scramble of thousands of people who will flea the area levaing everything behind just as they did in 1993, which resulted in a rapid depreciating RE market.

We are first time home buyers and are not well-versed in this area of knowledge yet but are scrambling to learn.