I purchased a home about 5 years ago for $365,000 and today the home is worth $650,000. I'm buying another home and renting out this one. Will my depreciation be based on the purchase price or what it is worth now?

Turn what you have over to the police and move on with your life.

I’ve been involved in previous investments as the Director of Sweat Equity but I’m finally going drop the training wheels after years and years of just talking about it doing it and making a move!

I'm looking at different options for RE investment and it seems like new construction might be able to compete with existing home prices because of the high price levels.

@Daniel Dass I'm a Canadian who moved to Florida to invest full-time down here about 5 years ago. 

But after examining various crime reports, I’m skeptical to move forward.

I do, I want higher quality people and lots of people are moving to Austin

@Tricia Miller I know this thread is older, but I just moved to Portsmouth with the Navy and am considering investing in Suffolk.

I am looking to move in September.

Not quite the Doomsday scenario Elon Musk is afraid of, but certainly a reasonable concern.Additionally, with Berkshire’s surging cash pile nearing $200 billion, it is difficult for Berkshire to find a way to deploy capital effectively in a way that “moves the needle”.