Oct
31
The Bank of Last Resort
October 31, 2011 | Leave a Comment
The Bank of Last Resort Lance and I were talking the other day about the current plight of the real estate investor. It seemed as if every way we turned the “perfect storm” blocked our path. Even a seasoned investor has trouble purchasing property to resell. The bank’s decision-maker, who is hermetically sealed in an [...]
May
1
1099 Requirements Repealed
May 1, 2011 | Leave a Comment
Thank you to Coleman Alderson for bringing this to our attention. It’s good to have good news for a change!!!! President Obama has signed a law that repeals two sets of rules that had business owners, company managers and landlords up in arms because of the paperwork nightmare they created. The rules that involved businesses issuing a [...]
Jan
9
New 1099 rules for Landlords
January 9, 2011 | 1 Comment
NEW RULES AFFECT RENTAL PROPERTY OWNERS FILING OF FORM 1099 By: Gregory D. DuBrock, CPA Two Acts recently passed through Congress present significant burdensome compliance reporting requirements on businesses and Rental Property Owners. The following are summary excerpts from the Journal of Accountancy, dated November 11, 2010, and response to the members of Congress regarding [...]
Mar
8
Take Our Country Back: A Two Step Process
March 8, 2010 | 2 Comments
TAKING OUR COUNTRY BACK: A TWO-STEP PROCESS Still think we can work within the system? Still think business as usual in DC can be changed by a little antigovernment sentiment? Well, I don’t. Nothing short of bringing them all home and starting over with a new crop could correct such firmly entrenched arrogance and abuse [...]
Jan
19
The Second Wave of Mortgage Defaults
January 19, 2010 | 1 Comment
By Jim Nelson Baltimore, Maryland > Our economy is about to relapse into the disease that sent us into the Great Depression: Part Deux. Subprime loans caused the initial illness. Option-ARMs will cause the relapse. In the first half of the past decade, subprime loans were king. They were cheap and easy to get approved. [...]
