Purchase price: $271,751 Cash invested: $30,000 Purchased subject to the existing mortgage What made you interested in investing in this type of deal?

What made you interested in investing in this type of deal?

So I study to find which properties are doing irrational amounts of revenue in the markets I am looking at and elsewhere to figure out what type of experience to create. 

New real estate (regardless of property type) is a good thing in my opinion.

In terms of mailers, if I'm targeting commercial-type properties, how would I target commercial landlords or businesses that own their own real estate?

What made you interested in investing in this type of deal?

What made you interested in investing in this type of deal?

What made you interested in investing in this type of deal?

The market here is obviously tough (and we'd like to invest here or nearby for several reasons), but we have heard about second home loans that have more favorable down payment and interest options which could increase our buying power and allow us to cast a wider net during our property search.Understably this type of product would have to pass the sniff test.

., 17.5 years remaining for residential property).New Schedule: Simultaneously, start a new depreciation schedule for the additional cost basis attributed to the replacement property, following standard timeframes (27.5 years for residential, 39 years for commercial).Option 2: Treat as New AssetCombined Basis: Treat the entire cost basis of the replacement property (carried-over basis + additional funds invested) as if it were a newly acquired asset.Single Schedule: Depreciate the total cost basis over the standard timeframe for the replacement property type (27.5 years for residential or 39 years for commercial).If you choose option #2, you need to file an additional form (4652) with your tax return.