I think it's a pretty solid bet that prime will go up here pretty shortly.

Dawn, I'll bet too that your offer was limited to X payments and that the the transaction was with recourse, meaning that if there was a default before the buyer received thier payments, they could hand the contract back to you and demand part of the sum paid back, or you'd be liable for the rest of the payments.

My phone (as a calculator, flashlight, gps, etc...)

Plus I can bet your HOA won't like vacationers too much.

Calculate the math for how quickly my capital investment was returned and the return on the investment.

It's awesome when experienced guys join up - I bet you have a lot of knowledge that maybe you can help fill people in on about commercial real estate!

I've calculated that if I sell my townhouse and take the capital gains tax hit, I'd come out about the same as if I'd wait to sell after the two-year mark.

Your best bet is to list it on Craiglist and other similar classified websites and other means of advertising to your buyers.

I have a CPA do all my tax work but I have been reading to try and understand a bit more so I can follow what he is doing.My question is about how I calculate depreciation as simply as possible.Property Value 100,000Basis 80,000 Land 20,000 - I divide the basis by 27.5 each year and that should give me (80,000\27.5) 2,909 that I can deduct off my pre-tax cash flow from the property.Just using an example, after all expenses and debt payments the property was to produce a pre-tax cash flow of 2000.

With management fees and $300 a unit a year for upkeep, I calculate a 8% cap rate (assuming full asking price).