Better safe than sorry!

I recommend that you stay on the safe side and do send 1099s to your wholesalers.You do not need to send 1099-NEC in these cases:You paid the contractor electronically (more on this below)You paid the person a total of less than $600 during 2023Payments for purchasing all kinds of goods, materials, and property, including real estate itselfThe person who worked for you is a corporation, and you made payments to his corporation.

Having dual licenses, loan origination and real estate, has got me involved in most parts of the investment transaction.  

But reality is no one selling mentoring is going to really dive into the credit and capacity to transact with their students the focus is just getting the fee to them in the door.. regardless of how they do it.. the one that I dont care for is encouraging and showing them how to raise their CC limits so they can pay for the mentoring services..

Only place I felt "safe" in CA was on base.

Everyone is transaction based.  

Any part fo Texas you might recommend that are safe?

This is about breaking up communities that are functional and affordable and serve a very high purpose - safe, independent, non-subsidized housing for seniors, veterans and young families. 

That may not apply to you, as a financial professional, but I thought I would share the story.Obiously you could re-lever your portfolio to bring the ROE back up, but then you have to place those borrowed funds somewhere that nets a high enough return that the portfolio is ahead, given the drag of the interest and any transaction fees.    

It is not a transaction.