No problem, the dealer says, we'll just roll it into the new loan.

My initail plan was to pay it off as soon as I could but I never really got the ball rolling like I should have.

:roll:

If you're holding them for rentals, then selling after a year or more (not a hard and fast number, longer is better), and buying another property, you can use the 1031 to defer the taxes on the gains that you roll into the new property.

When you factor in the utility expenses, and the cost of ownership differential between coin op machines and basic residential machines, I can't imagine coin op machines are really cash flow positive below 10 rental units or so, and at some point (probably around 8-10 rental units), you'd need more machines, which would change the numbers yet again.Not to mention the hassle of collecting, counting, rolling, and depositing $70 worth of quarters once a month!

:roll:

Other states the deed is then placed on the tax sale roll for the deed to be auctioned at a tax deed sale.

It take some time to learn the CONTROL & ROLL method that we use, but it is very profitable once you get it down."

I will likely have my CPA completed by the time tax time rolls around so drop me a line if you're interested.

We set up a camera at our neighbors apt across the way and let it roll and caught the cleaning lady spending time smoking and talking on the phone.