No contact for 31 days and rent not paid = abandonment and you can enter and dispose of property!

CCA is calculated differently for different asset classes and, for buildings, differently than how depreciation is calculated in the U.S.A. for taxes.If you do claim CCA on an asset (property), when you dispose of that asset, there will be a recapture which may result in taxes due.After all that, you should consult with your accountant when deciding to claim CCA or not.

So the cloning comes in with the great tools we have - flight, text, fax, cell phones, computers, hired help, the internet and credit cards.So with the help of all these great devices.......cloning is now possible.I am your clone, at your disposal, how can I serve you?

I am sitting here thinking, i have unlimited amount of people i can hire at literally below $200 a month, there has to be a way for me use these resources and get into real estate.So, i am asking you guys to suggests things i can do to get into real estate using this huge pool of talent i have at my disposable for next to nothing.

Saw one hauled down the highway recently (with below zero value, counting disposal)..For a shield, maybe show them what a duplex sold for ten years ago in your area versus a mobile and where they are today in terms of appreciation (you could also make a good case on cash flow, especially with park/lot fees, but for a simple "wow" figure, that may do it)...The ones on a lot that are affixed to the ground do better here, but the ones in  the parks are personal property here (and I suspect elsewhere) and you get killed on the lot fee, and the construction is not ideal for durability in my climate. 

Essentially, you are paying for something you hope you never have to use....but if it does happen, you have multiple parties in your corner fighting off a claim, for many years if needs be, and even if the limits of one were exhausted, you have another...and the legal fees alone could be large, so nice to have the insurers footing that bill and having an interested in settling or disposing of the suit....great question, though, could you be overinsured?

I would ask, how many lots can you afford to pay the taxes on each year before you run out of disposable income?

Same thing with central air and garbage disposals.

I'm an investor and RE Investing Coach specializing in wholesaling, rehab flips, disposable LLC's, tax deed land lots, multiple choice offers and, my personal favorite, seller finance rentals.

I'm an investor and RE Investing Coach specializing in wholesaling, rehab flips, disposable LLC's, tax deed land lots, multiple choice offers and, my personal favorite, seller finance rentals.