There is no exception to this rule.

Calculate Capital Gains:• Selling Price: $290,000• Basis: $166,667• Capital Gain = Selling Price - Basis = $290,000 - $166,667 = $123,333Depreciation Recapture• Since no depreciation has ever been taken by any owner, there will be no depreciation recapture to consider in this case.Final Capital Gains Tax Calculation• The total capital gains that Person C will be liable for upon selling the property will be $123,333.Summary• Capital Gains for Person C: $123,333• Depreciation Recapture: $0 (since no depreciation was taken)My QuestionsIs the above estimated capital gains tax correct?

Has anyone worked with Northpoint Property management in Columbus OH?

You can typically borrow half of your 401k balance as a loan as long as you are working for that company still. 

No one is missing opportunity with the land bank properties, it is just surrounded with red tape and corruption.

I’m no attorney but this looks sound.

It worked well on our first place, we just took our listing live today for the second.

Be sure to max out your contributions if you work for a company that offers 401(k) matching.

If you increase rents, if you go MUGS and put the utilities, if if if ifHaving owned and sold businesses and 1-2 properties, I have learned that I do not want to pay for POTENTIAL, but want to pay for what it ACTUALLY produces.Of course the seller will want the max, and the real estate agent will also want the max, so will push for the Pro-forma or potential income.....and base asking price off of this.I find that my numbers to evaluate properties almost never work with the asking price (based off potential), but almost always work with ACTUAL value.

Talk to agents, investors, property managers, and contractors—this is the hard work that needs to be done.