Knowing Excel, this may vary slightly depending on your version.

@Mary Stead Some complicated answers to this thread.Bottom line tldr version: People lost money because they purchased a home for more than it was fundamentally worth. 

Or at least I think this is the reason, I've never read an official version.

A possibly simpler version of this idea is buy the land and put a larger modular home up, the one we eventually want to call our own.

I'm actually developing a new version now that will send out contract addendums and even parse the booking email to auto-create the calendar entry. 

I like your version better, so help me understand.Originally posted by "RECPATAXMAN":Originally posted by "Wheatie":Doesn't matter if you actually took the depreciation or not, it still reduces the basis.

I don't quite phrase it like that, but that's the shortened version.

Hey allI've heard people do re-financing quite often and was wondering if this was a viable strategyBasically what I am thinking of doing is - and keep in mind I'm currently un-employed, living in Canada but wanting to invest in the US and have no money in my pockets to invest in anythingSo: 1- finding a property below value with a motivated seller and all that2- finding a lender who would lend 100% of the deal for 6-12 months3- refinance the property and pay back the lenderThis is a really simplified version of what I thought of doing so I guess my next question is how doable is this?

Strikes as a red flag to me...In general they come across as a poor man's version of ClosingBid.com.

Jesus had a version of this wisdom when he said, "Don't focus on the speck in your brother's eye while ignoring the log in your own eye."