I'm completely out of the stock market except for my IRA from my previous employer.

Loss / damagesThe reason most fraud cases are hard to prove, and why most attorneys will be reluctant to take them, is because the "intent to deceive" is hard to prove.In the OP's example, there may have been a false representation by the other bidder with respect to his employment practices.

If the answer to both questions is "yes," they can afford the property.In order to determine the answer to the first question, get a couple recent paystubs and verify employment information with their employer.

When you only have some rehabs, you don't have enough work to keep people employed year round, many you use will be on other jobs and you get names of people you never met before.

There are lots of threads on this topic and the best advice is to talk to a tax professional about your specific situation...That said, doing flips out of an s-corp (or LLC taxed as an s-corp) will allow you to save some on self-employment taxes, as you can take part of your profit as a dividend, which isn't subject to FICA.As far as buying rentals or commercial property to offset your gains, that may be a possibility depending on your personal situation...but it's hard to generalize...

Hi everyone, I've been reading all I can on the forums and really appreciate all the information that the experienced members give. Here's my situation, I'm 32 and a stay at home dad, my wife has a PhD in psycholog...

I use a service that gives me a credit score that seems to be loosely based on the Big 3 credit scoring system and it also gives me more background info, like criminal, eviction and will even verify employment.

DO A CRIMINAL BACKGROUND CHECK CHECK REFERENCES EMPLOYMENT VERIFICATIONBEFORE YOU RENT NOT AFTER!

If mortgage money stays really cheap, the inventory of rentals goes up, and the access to mortgage money is scarce I guess a lot would depend on employment and how households form.

I plan on doing credit and background checks, along with verifying references and employment and making a visit to where they are living currently and see how they are taking care of the place.