Until that point, all costs are capitalized as start-up expenses and deducted in the year in which your business activity begins (i.e. going under contract).Otherwise, people would simply deduct tons of business expenses and never actually enter a business that generates income, therefore providing for a tax shelter which of course is illegal.

And postcards can be more vivid and professional in appearance, and easily read without opening.Letters can generate more calls per piece than postcards, but probably not a lower cost per call.  

Hi Dave,Thank you for explaining the usual customs.  

If you have a 12 unit that is generating positive cash flow, and your bank is telling you they prefer to gamble on a flip... that's silly.

However my wife and I have all of our retirement investments in stock roughly $800,000 give or take a few $ which is generating around $20,000 annually in dividends.

I quote 6% if I feel it's a customer with particularly high drama needs, and if it turns out there are no drama needs then I make a "good news, because I like you..." phone call the next day because in reality it would be very very illegal to ACTUALLY give him a higher rate because he's older.

He continued to receive BAQ upon his return and used that money to purchase a 4-plex that generated significant cashflow. 

I have passed the courses required 75/15 hrs and I have been using the online Qbank test generated questions.

As a Realtor working with investors you are not only generating income but getting an education as well. 

Apparently its a 3rd generation house.