Assuming your marginal tax rate was a combined (fed & state) 33%, you would get back $1919 on your taxes, assuming you had income and paid taxes.Speak with your CPA on this, as there are several different strategies that can be used, and there can be depreciation recapture, depending on each situation.

She has her own house and doesn't want to own this one, pay the taxes on it, mow the grass, worry about it being vandalized, etc.

He is a VERY straight shooter, and isn't interested the least in fixing toilets and cutting grass and 2am phone calls.

HELOC interest rates are based on the prime rate which the FED has continously dropped and are not at record lows (mine at 4.25%).

HELOC interest rates are based on the prime rate from the Fed, and since the Fed has dramatically cut down the rate, the profit margins for banks have diminished.

If you want to be spoon fed, fork over the $16,000.

The sidewalk looks like it was poured use=ing the adjacent grass as forms.

We might even bounce (dead-cat) small for a little bit.The next BIG leg down starts in the fall where $135-140/barrel crude really starts taking it's toll and the wide-spread job losses start occuring coupled with possible reduction in mortgage purchases by the GSE's (freddie & fannie) and the fed bumping rates up a tad to support the weak dollar.

You can bet the feds won't keep anything they buy like this.

Currency fluctuations, tax policy, FED actions, international relations and commodity prices DO affect our business.So, my point?