That is enough to defeat most predators and their scumbag contingency lawyers!

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.

He told me a true real estate entrepreneur doesn't count on appreciation they count on making money going in an making sure it produces cash flow so it is a performing asset rather than a non-performing asset.

The borrowers not being allowed to count the rental income.

Its easy to read about things, but actually applying them is where it all counts.

I believe that he is using 45% instead of the 50% I use, because he's not counting capital expenses.