Servicers also provide the amortization, calculate interest, pay-offs, additional principle payments, send out monthly statements or coupons and do the year end IRS notifications. 

Wrapping existing secured debt and purchasing an asset with any fiorm of encumbrance without satisfaction and release of the lien, whether voluntary (mortgage or DOT) or involuntary (judgment, IRS/State tax, utility, etc.) are very different ways of treating seller equity.I suggest that you don't market the product or the tool or method that you intend to use.

@Stephon ShawThe following IRS link covers the 401k loan rules. https://www.irs.gov/retirement-plans/retirement-plans-faqs-regarding-loans

If you start to buy or sell more than a certain number of homes per year you'll be classified by the IRS as being in the business of trading homes for a living and they will charge you self employment tax.

I'm hopping to start making offers soon enough.

I am a CPA who specializes in real estate tax and accounting who also owns and operates a series of commercial and residential units and I worked for the IRS in the past, too, and I can say without fear of being wrong, it is absolutely possible but it must be fully and properly documented and sent tow two locations.

Unless you could prove that they lied between the income info you have and what they supplied the IRS on their schedule E's I doubt youd have any recourse.

I was wondering if it fits within the IRS rules to enable a Roth IRA owner (me) to write a contract for a fixed term hard money loan to provide the down payment for a property I will own and control through an S- corporation.

If so, the lender might demand a seller contribution of $10,000 at closing.If there seems to be anything fishy about the tax returns, the lender will use the 4506 form to order a tax transcript from the IRS and compare it to the tax return submitted by the borrower.The borrower must also order an appraisal.

Hello everyone, I just wanted to hop on here and see what kind of advice I could get for my current situation.