Juan Contreras
Limit to how many years you can take a loss against w2?
I make under the limit to be able to deduct 25k against my w-2 teaching income. Is anyone aware of there being a limit to how many years you can consecutively take a loss? I am not sure of how pissed the IRS would be...
Rath Yelandur
AUCTION.COM - Do we get a Clear Title with Online or Live Auction
I am new to REI. I am in the Houston area. Lets say - one purchases a property by bidding online or at LIVE auction with AUCTION.COM.Do they get a CLEAR TITLE or they still have deal with hidden Liens ?In the doc...
Ryan M.
Preparing taxes for future investor
So I have not begun investing yet, but hope to as soon as possible.I hear from a lot of investors that they buy their first property, and then have trouble securing loans for the next 2 years, because they cannot coun...
Pete Smith
Hurdles in Qualifying for a VA Loan
Ran into a problem trying to qualify for a VA loan. My income and credit reports were fine and I qualify for the amount I'm seeking but...I'm the majority shareholder and managing member of an LLC which consolidates s...
William Ring
At what point does it become too hard to do your own taxes?
A bit of background, I did my taxes myself for the first time last year. It was the first time I had a salary job and/or sold some stocks, and my dad had previously done them for me while I was looking over his should...
Will Buscher
Do I need to submit 1099s for contractors on a house I rehabbed and sold but had intended to rent?
I have two rental houses and one I purchased to rehab and intended to rent out, however, I decided to sell that property.
I've read through the instructions for the 1099 and know that landlords aren't require...
Peter Fokas
How to assess building for sale which includes drycleaners
I am looking at mixed use building for sale that has a drycleaners which is included with the acquisition of the building. What sort of analysis and due diligence is required here? How do you assess the business. I wo...
Christopher Winkler
Can A Note Buyer Legally Obtain A Credit Report?
We are about to make an offer on a couple notes that did not include a credit report on the investor who bought a loaded rental. Considering its an important part of evaluating the repayment of the note, and correct m...
Chris Mason
Veterans United Home Loans to pay $1m in fines/restitution
Context / background info: the VA loan is a mortgage product, you can think of each interest rate as a sub-product. Each sub-product has a price, called discount points. When that 'price' is a negative number, we call...
Drew Lamb
Selling My Inspection
I had a house that I terminated the contract on due to the inspection and now the new buyers want a copy of my report. I was wondering if I could be compensated for it since I do not want to hand it over for nothing?