Serge S.
Dealing with a not so motivated seller - 16 unit apartment complex
I have a 16 unit complex that I have been working to obtain for over a year now. It was a USDA foreclosure in late 2012 with a live local auction and I was bidding against one guy. It reached my price and cash limi...
Jenny Seaborn
Quicken Rental Management VS. Quickbooks
What is the better software for managing rental houses. Quicken Rental Management or Quickbooks Pro 2016. I did see there is a small forum on this, but I still cannot make a decision. Any further help on this would be...
Account Closed
Taking a Hummer as a down payment?
I have a house that a prospective buyer wants me to Owner Finance the sale. He wants to put a hummer down as the down payment. I’m not sure how to value that and exactly how to write it up to show the value and such....
Shawn H.
Tenant property complaints when rent's due
I have a tenant, who seems to have complaints about the rental unit, when rent is due. Maybe its just a coincidence, but there have been several times when we have received calls, normally minor issues, on or around t...
Ryan Moore
Success with Maintenance
Hi, I’ve owned a 4-plex in Phoenix for almost a year now.The building had deferred maintenance issues that are hopefully being weeded out and corrected as we go along.How do I as the owner setup the building for succe...
Andy Bondhus
Auto loan interest, is it deductible?
If I'm using the standard mileage rate for 2017, can I also claim my business use percentage for my auto loan interest? My accountant says no, but I've read in books that you can still claim auto loan interest in add...
Kyle Bergren
BRRRR'd anything outside of Real Estate? Cars? Share your story!
First off. Want to give a special thanks to @Brandon Turner for teaching BRRRR in Real Estate and we've not only we use it successfully in several Real Estate deals but have been using it to get excellent deals on alm...
Alex Breuer
Please give me your opinions (first commercial property ever)
Hi, I recently bought my first commercial property from a buddy and looking for some opinions.Its a 4 space office building that meets the states requirements (MN) for auto dealers to hold there license and do buisne...
Bill Robinson
Rental house in disrepair with tenants
I have a general question about rental property in disrepair. My parents have a rental house that has some major floor rot problems. The house is on peer and beam, not a concrete slab. The tenants have been in the h...
Andrew Postell
Yay! Tax Season! What you need to know on claiming deductions!
It’s tax season! Yay! Can we detect sarcasm when it’s typed out? Since April is fast approaching that means many of us will need to file our Federal Tax Returns. Even if you are filing an extension I have tried to...