All Forum Posts by: Kellie Vilbert

Hi Saqib-

I believe the difference between your calculation of 14k and the book's calculation of 12k has to do with Land. Land cannot be depreciated.

Therefore,  you must subtract the land value, my guess in this case, $35,000 from the total property value, $385,000, which leaves you with the improved real estate (house) value of $350,000. Then you divide the improved real estate value $350,000 by 27.5 to get $12,727.27 annual depreciation. 

Hope that helps. Happy Investing.

Hi Dan -

Looks like an interesting podcast. Do you have the date or the podcast number of the podcast that you are referring to above? Thanks in advance.

- Kellie from CA

You could mail a first class letter to the vacant house address, and write on the envelope, "Address Correction Requested."  right underneath your return address.

If the vacant house owner has put in a forwarding mail order with the post office, then you should receive your original envelope back with a yellow sticker on it with the vacant house owner's new address.

You should also stop by the house and talk to the neighbors on either side of the house to see if they have any forwarding information on the owner. Neighbors love to talk about their neighbors. Hope these ideas help. Good Luck.

-Kellie

Hi Steve -

I visited your Land Academy website and found it to be a treasure trove of information on  investing in land.  I signed up to receive your eBook, and was quite pleased with the no-fluff content.  Thanks for viewing my post.

-Kellie

Hi Mark -

Thank you for your post. I look forward to utilizing all of the resources and guides on BP.  Thanks for viewing my post. Take Care.

-Kellie

Hi Kyle -

Thanks for your welcoming me to BP.  It sounds like you have some great experience and I look forward to touching base with you in the future on land investing.  Also, I checked out your website, and it has  some fantastic information on it.  Regards,

-Kellie

Hi Ben -

Thank you for the awesome links and information. BP seems to be a great community of like minded individuals who are readily sharing their thoughts and knowledge. Thanks again for the great information.

-Kellie

Hello Everyone -

Just joined Bigger Pockets and am looking forward to exploring all of the great  posts and information on the site.

My interest is investing in Tax Deeds, land and seller financing. Thanks for viewing my post.

-Kellie