There are a lot of shady characters out there . . . just weed through them and you'll find that there are a ton of good folks around to help you out and to do business with!

I needed to get a character reference for one loan, a reciept for the purchase of an engagement ring, for another to prove the couple was engaged, and income asset docs for a stated stated deal.

You can tell a lot about someones character by a detailed credit report.

Leveraged real estate also has the nasty attribute (as MANY people are finding) that you may have to pay to get rid of a bad investment.

Also, if you are a forum violator, it is easy to rack up a negative influence level, especially when your contributions to the site are limited to only 9 posts, of which, sevearl were edited by moderators for forum violations.It is quite clear this character has no place on BP Nation and should be banned.

How the income is earned, and therefore the tax treatment that applies does not change character when it is passed through the LLC to your personal 1040.

Good points Taz,I will freely admit that our lack of success in the market can be readily attributed to our lack of education/experience.

Easy money, mostly attributable to securitization, resulted in spectacular growth.

You can take a Schedule E expense for the the half attributed to the rental unit.

It's fine to disagree with me, but when you try to attack my character through ignorance...you're crossing lines.