I also have a work credit card (but I heard that doesn't count, can you shed some light).

I don't suppose that counts, does it?

Plus you have to deal with counting on the buyer getting approved for financing...me I'd be happy with getting a nice fat option payment to start, and then if they can cash me out with traditional financing, all the better.Thoughts?

I don’t think that a gift card would count since you have no way of knowing what it was used to purchase.

Only other piece of advice is do NOT count on the banks being proactive with you; ask when a good time to follow up with them is and follow up with THEM.

But the actual interpretation of some of their courts of law state that any deal that was transacted through or with a RE broker involved is not considered toward that count of 8 or more deals.

:wink: Thank you all for responding to my thread:) Real people is what trully counts in educational process.

@JohnDid you count the work you do as an expense when calculating your taxable income?

The rental income will not be counted until its been on two years taxes.

(not counting retirememt savings).We thought we wanted to take advantage of this great buyers market, but the more properties we investigate, the more we wonder if we should go that route.