Look what happens when you take your eyes off of your assets! Kim and I live full-time in our motorhome teaching real estate investing across this great Country. Sometimes, managing our rental properties from the road can be a real challenge! The tenants in this house recently went through a divorce and the wife moved her boyfriend in. Then the party began! Within months, the house was trashed! It took two 40ft dumpsters just to clean the crap out. We’ll drop about $20k in it and offer the house for sale with owner financing. Hopefully, with a substantial down payment, we will recoup some of our rehab costs. Knowing how to structure deals for the best tax benefits are crucial to success in this industry. Ah, the joys of landlording and handling trashy tenants!
Bill and Kim Cook are a husband and wife real estate investing team. Their core belief is that real estate investing is not about buying, selling or renting property. It’s about helping folks solve their real estate problems.