@Darren Sager - you care because most commercial paper re-sets interest rate in 5 years or sooner; even paper that is amortized for longer.I also care because as a syndicator I have to plan on getting my investors out on a specific time-table in order to drive the IRR.I also care because CapEx comes on in waves, and I don't want to own property past a certain time-fram as it will require additional expenditures which will drive down IRR.Having time is priceless in this business, and it's getting to be very dicey to underwrite...

Since the old one hasn't failed yet you can replace when it's convenient for you rather than being stuck with whatever timetable you are forced to work with when you have a leaking water heater.Your time and expense is much lower to replace it now rather than when it fails (and based on the age you gave, it could fail any time).

There is a whole release for bidding time table they do based upon who/ what you are, ie a owner occupier or a R.E.I..

I have explained our time table to him and still it is not moving us forward at all.

Do they both become part of basis of property or do I amortize or expense either item on a different timetable?

I think it’s bull*^% for any professional to not be able to give you a reasonable time table on any repair work.

I wonder where the 1 year timetable came from when there isn't one in the tax code?

These folks sell on their own timetable; in other words when they are finally ready to move forward.The one thing that holds most folks back is cleaning out the house. 

Hey BP -

How long does it take to subdivide a property?

I'm debating putting an offer on a multi family duplex in Utah that has .4 acres of land. Every other lot around it is .2 acres, and all is zoned R2. It's also...

And as far as calculating that in excel, how would I analyze what I can afford to payback if it's different time tables than a commercial loan?