Certainly not in the same sense as basis is used when you figure your gain on a sale.Edita, if you were doing depreciation based on the assessors value rather than your purchase price, you will need to refile corrected tax returns for those years.

Opening a new business entity, LLC or ect and gaining history it will help your local credit in area.

I am currently not interested in negative cash-flow hoping for equity gain.(3) Learn about the best ways to invest with a partner (i.e., LLCs, Partnership agreement, whatever).

Real estate investing has been an important part of my grandparents life and I learned that it can be used to gain significant wealth and financial freedom with hard work and time.Currently.

After taxes (remember taxes are based on nominal gains not real returns) you typically lose purchasing power/wealthShort term speculators may rush into any asset thinking they know the future and the efficient market hypothesis is wrong.

That's pretty much the only way you can gain actual direct access to most MLS's.

I learned from the owner's mistakes and I plan to create a system/business that I can teach to one of our tenants before we leave, based on the knowledge I've gained here in BP and elsewhere.Is it reasonable to think I can find 100% financing, whether through sub2 or some other means?

The S&P was around 680 in March 2009, shortly after Obama took office and now around 1500, or 120% gain over 4 years.

I have really enjoyed reading here on the forum for the last couple of months and have gained a lot of knowledge that I plan to put to work.Thanks again.

I also wonder about the tax impact (full recognition of capital gains at time of "sale") if this is done at scale where the seller may be construed as a "dealer".In my area, quite a few landlords seem to be converting their existing rentals to land contract deals, to get out of the landlording liability and transfer the maint to the buyer, while still maintaining the ability to evict (rather than foreclose) within the first 5 years.