Depending on the asset type, age, etc. you can shorten the depreciation timeframes under current IRS rules, as well as "catch up" on certain items of the aspect.

% age of renters versus owner occupants2.

I've never paid much attention to someone who wants to offer "sage advice" at the ripe old age of (?)

I wound up selling investments and insurance and acquired my CFP (Certified Financial Planner) designation by age 33.

How much allowance do you have for; vacancy (which you will have as soon as you announce a 10-20% rent increase), major repairs-you don't mention the age of the roof, HVAC, any appliances, trust me, flooring is a small ticket item comparatively.4.

Last Year at the age of 19 I decided to go back to School and finish in order to grab my diploma and proove to myself no matter what you can always push yourself a bit further.Luckily I was born with a good head on my shoulders and despite being abused I always knew I could do great things in life If I just belived in myself.After atending various seminars ie Anthony Robbins and Dr John Demartini I started to get the crazy idea that at the age of 20 I could outshine every single other teenager/young man and really live a passion filled worthwhile life.So I've decided that this year I'm going to go full throttle into investing and make a great life for myself and one day future family/friends.However I have a major problem and this is where my ' Tough Question ' comes from.I've worked various jobs and because I never held myself to high esteem they were always bottom of the barrel, retail or temp jobs that usually had a manager who treated you like dirt thus giving me a really nasty taste in my mouth for ever wanting to work again.To be frankly honest, I dont want to ever work again.

I also think he is more focused on getting us to age 65 with built up retirement accounts and everything looking good on paper.

Some general facts to consider about me: 1) Age: 25 2) Located in Houston, TX 3) Current net worth: $173,000 4) Debt: Primary Mortgage, no credit card debt 5) Income: Salary from work is $63,000 plus $1,500 a month in rent that I am currently getting from friends on a 3 bedroom condominium. 6) Liquid assets: about $15,000 worth of gold and silver at today's market price, $62,000 in liquid stocks that are not in a 401k or IRA.

What age the homes are, what they rent for, etc.I would never subscribe to any 50% rule because I just think there's something inherently wrong with assuming any expenses based off the rent amount.In one area, a 1,500 sq ft house may rent for 1,350.

I'm currently learning everything that I can to start accumulating my own wealth in RE investment, however this post isn't about me.Let's say that "John" (age 63) has $1,400,000 saved up in his 401k and is not planning on retiring from his extremely secure $150k per year job.