It would be like charging you for a full remodel property rather than a hovel, because its highest and best use would be a swanky modern house despite never having upgraded it.Ask 2 / Costs & Risk Involved: I need to calculate the impact of what a lot split would entail.

Kind regards,MichelleIt has to do with this issue of GLA (gross living area) and how its calculated and included in the appraisal.

View report*This link comes directly from our calculators, based on information input by the member who posted.Hi guys, I am looking to BRRRR out-of-state.

What investment strategy do you want an underwriting calculator for? 

BiggerPockets also has a calculator to analyze deals, and I highly recommend you start this as soon as possible, even if you are not ready to buy.

Note: I did not include appreciation in the calculation. 

You can use tools like the BP deal calculators to then share these with the investors you meet at the meetups.

If you make $150K or more, then $0 of your rental losses are deductible.To clear up one other thing, depreciation is required to be calculated and deducted on a rental property.

Before making your final decision, I'd suggest running the numbers both ways - calculate your tax liability versus the potential long-term impact of accepting those unfavorable terms you mentioned.

I didn't know the difference between a heating system and water heater, I didnt know how to screen deals, I didnt know how to calculate cash on cash. we all start somewhere.