Hey I am trying to see if I should buy a washer and dryer with coin slots and charge my tenant or not or just don’t buy a washer and dryer at all but I will be occupying the downstairs apartment myself and kinda don’t wanna go to laundromat at all just curious on what to do

Do a 1031 exchange of your cheapest 2-3 properties for one more expensive property to open up a couple slots.

Last July, my fiancé, now wife bought a 2 flat that was advertised as a SFH and the zoning certificate says SFH, but it was built as a two flat. 4 entrances, 2 baths, 2 kitchens, 2 furnaces two 1960’s mailbox slots in the brick etc.

During the aftermath when firefighters went into the building to check out the damage, they found dead people with their hands still holding onto the slot machine cranks (machines paid out in coins back then).

I just sent this same info. to @Adam Craig in a message, but thought I would put it out there for all to see:The key to how many conventional slots you have open right now is dpending on how you financed those loans.

You will need free slots dedicated for your range, all three wires.

There are number of ways that you can open up slots to continue to buy rentals via Fannie Mae financing.

Quick #’s- Lot 200k- Build Cost 350k (lots of sweat equity)- All in 550k- ARV 725k- Rent $4100Option 1 - Leave your DP inCF $1,100Cash on Cash ROI - 8%Option 2 - Refinance Take out all your cash and get extra 35kCF $450Two pretty great options.... we start construction on our first two in April... stay tuned for updates... if you want in on the next ones let us know, we may be looking for JVs to keep it going...

Appreciation has been substantial for a long time for anyone holding 5 years or more except maybe for the 2006-2008 time slot. 

They are keeping all the slots full year round with very little maintenance.