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All Forum Posts by: Arlan Potter

Arlan Potter has started 9 posts and replied 1480 times.

Post: College vs Real Estate Investing

Arlan PotterPosted
  • Investor/Accountant/Builder
  • Meno, OK
  • Posts 1,603
  • Votes 918

Stay in school. Get a degree. Do REI as you can on the side.

Post: House Flipping Tax Question

Arlan PotterPosted
  • Investor/Accountant/Builder
  • Meno, OK
  • Posts 1,603
  • Votes 918

Nope   You can deduct the cost of the purchase and the rehab.  Regardless of where the money comes from.   You theoretically can also deduct the interest on the loan.

The loan is a balance sheet item, not a Profit and Loss item.

Post: Duplex yard maintenance

Arlan PotterPosted
  • Investor/Accountant/Builder
  • Meno, OK
  • Posts 1,603
  • Votes 918

I sold my duplexes, partially because i got tired of mowing them.  He should mow it. Especially if there are no garages.

Post: Trump bans evictions through the end of 2020

Arlan PotterPosted
  • Investor/Accountant/Builder
  • Meno, OK
  • Posts 1,603
  • Votes 918

@Account Closed

APX 7,600 people die every day in the US      

We cant live in a bubble, we cant shut down the economy, we cant have the government give away money

It is a scamdemic.  It is a real virus, but the world reaction is a scam.

Post: Trump bans evictions through the end of 2020

Arlan PotterPosted
  • Investor/Accountant/Builder
  • Meno, OK
  • Posts 1,603
  • Votes 918

@Account Closed

STUPID GOVERNMENT IDEA

Covid-19 is a scam

Post: Multifamily Common Area Locks

Arlan PotterPosted
  • Investor/Accountant/Builder
  • Meno, OK
  • Posts 1,603
  • Votes 918

Landlord Locks

They can make your locks so the tenant's key can open the common area plus their individual apartment.

I use Landlord locks on all my units. Great people to work with.


landlordlocks.com

Post: Trump bans evictions through the end of 2020

Arlan PotterPosted
  • Investor/Accountant/Builder
  • Meno, OK
  • Posts 1,603
  • Votes 918

I evicted 2 parties last week.  This must only apply to Fed Funded or managed properties?

Post: Burst water main advice

Arlan PotterPosted
  • Investor/Accountant/Builder
  • Meno, OK
  • Posts 1,603
  • Votes 918

Pay the bill for them.  It is your water line. 

Simple

Post: Great Idea for Landlords

Arlan PotterPosted
  • Investor/Accountant/Builder
  • Meno, OK
  • Posts 1,603
  • Votes 918

I don't know why he would give two weeks notice. We schedule a monthly walk thru,check HVAC filters, and spray for bugs in our multi family units. And no gifts needed. 

Post: Buying a trailer park

Arlan PotterPosted
  • Investor/Accountant/Builder
  • Meno, OK
  • Posts 1,603
  • Votes 918

@Kori Kelly

Seems high for the monthly income.