Get this unit under contract now.The problem with the two closings is that it may negate the end buyer's ability to get a loan.

The taxes in some areas could put you negative, but other areas are just fine.

What have you been speaking about at these events?

That can well be negative, due to the depreciation.

You don't worry about the negative cash flow because you are not experiencing it.

Using the 50% rule, it looks like you are going to have a negative cash flow of about $80.00 per month.steve

Don't fall into the trap of many CA investors who fall in love with TX prices and assume that rents will follow.I can show you sub-divisions with a lot of CA owned rentals, all of them at negative $200 PLUS per month rent.

My real estate background is very limited but I am ready to learn as much as possible.I look forward to speaking with each and everyone of you.

hi all,i have been looking at purchasing short sale properties in my neighbourhood. when i see listings on MLS and speak to listing agents, i find that they are either very unaccomodating, dont return calls, always say they have other offers and there is no use for me to put in an offer now..etc..i am wondering why all this backlash. is it cause they have to work too much in a short sale and make very less commissions.what would my strategy be here.vik

In order to accelerate your depreciation, a cost segragation analysis is needed which inclueds a site visit and all the items you mentioned plus more are itemized and included in the depreciation shcedule of 5, 15, or 27.5 years (residentially speaking of course).A cost seg company will also go over the report in detail with your CPA as part of the service.