I received 2012 Schedule E.

You also want +20% equity in the property to avoid Private Mortgage Insurance which can be costly.Bill Gulley, maybe he's going for hard money first since it can be much quicker to receive than a conventional mortgage?

Or if you just want to grab some coffee sometime and talk shop we could do that too.

;-) Since we're both here in Orange County, why haven't we grabbed a java or lunch yet??

It is very important that you deposit those payments as soon as you get them.The money received is income and as Brian pointed out, the amounts may be deferred as income is recognized later on an option, but rents are recognized as received.

I Received my Real Estate Salesperson License in September of 2012, I have yet to start with an real estate company.

ATTENTION BUILDERS!!

Marc can certainly answer that, I'll give him room to do so.Dawn, part of it is the old a bird in hand is worth two in the bush, a limp sum today today is worth less than receiving payment or that sum in the future, and future payments being paid in cheaper dollars.

I received my training through Rockwell and highly recommend them.

On the sixth I leave late notices and they say "As of mail delivery, this date, I have not received your rent payment.