The IRS cross-references your 1098s with claimed deductions, raising concerns if discrepancies arise.Private Lenders and Forms 1098: Private lenders are required to send Forms 1098, but only if they meet specific criteria:The private lender operates as a “trade or business,” distinguishing professional lenders from casual lenders like friends or family members.The loan is issued to an individual or a disregarded single-member LLC.The loan is a mortgage secured by real property.The annual interest paid on the mortgage was $600 or more for the previous year.The conditions leave some room for interpretation, particularly regarding the “trade or business” clause.

I purchased a house with my ex-fiancé in 2022 from her family.

Seeking to network with fellow multi-family and sub-to investors in Dallas, TX!

Does VA allow you to purchase a small multi-family and live in one of the units?

I've created a team out of family and friends to increase my network.

Every islander only comes back to visit family.

Also within the family have dealt with a few tenants but all have been somewhat decent experiences.

Investment Info:Small multi-family (2-4 units) buy & hold investment.

Had a family to feed and bills to pay............not much to think about really, just went out and found another job. 

Hello,I know two retired families in my group, sitting on $3M+ real estate, free & clear.