I put these in a "General/Admin/Other" Class in QuickBooks.If the property not purchased does not satisfy both the asset class and location requirements, then you technically need to push that expense off into a balance sheet account and wait until you do invest in that asset class/location. 

And you have to sort of balance that out with what you're comparing it to.  

I have one of these, sold on contract 10 years ago.I calculate the 'value' of the asset as the note balance - $128k.  

Pay a lawyer to unify the family's now-divided interest and sell it as one unit?

It seems like my best option is to get the borrower to sell the house, he has 40k of equity in it and I would get the balance of the loan. 

If the credit cards or 0% interest, then your plan could work, assuming you don't hold a balance past the interest-free period.

She's going to rent her 1 bed condo which she bought with cash long ago.There's something very wrong with Bankers if they look at a person who owns a Condo outright AND has $150k (seasoned) savings, but won't lend them a moderate balance because of not having an on-line credit history. 

And, "what if told you" that, using leverage you have the potential of acquiring at least 4 times as many income producing properties in Parker, Colorado Springs, wherever, doing really nice things like, reducing your principal balance and tax burden, more tax benefits done right and, never least, appreciation. 

And to balance him out, a contractor whose company did a presentation at an investor gathering.My contractor, Dave, we have a nice long history, a relationship.

Hi Sean, For an 18-unit, the three common sources of capital that you'd want to look at will be local/regional banks, the Freddie Mac small-balance program (if loan size > $1M) and the Fannie Mae small-balance program (if loan size >$1M).