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How do you calculate cost basis when the property is a condo? From what I've been reading about depreciation, cost basis does not include the land. Is it just most of the time close to the purchase price? I paid $255,...
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Hi there,
I'm doing a 30-day deal analsys challenge where I analyze one deal per day. This is my 2nd day :) Based on the asking price, I estimated it will generate a negative annual cash-on-cash return, assuming 20% ...
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I was offered 2 condo properties from the city of St. Louis for $8,000.00, however the titles have $40,000 in liens from the condo association. The condo association is not responding to my calls in regards to my r...
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Hello all - Happy New Year!I'm in the process of getting capital together in order to buy my first investment. If I wait much longer I'm afraid I'll be stuck in analysis paralysis forever....In my market in Gainesvill...
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Thanks! :)
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Hello, I'm looking to sell a home with a detached converted carriage house but due to family issues, the converted carriage house cannot be sold. I looked into subdividing the lot as well as implementing a life estat...
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Hello, I'm looking to sell a home with a detached converted carriage
house but due to family issues, the converted carriage house cannot be
sold. I looked into subdividing the lot as well as implementing a life
...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1724564/small_1695213882-avatar-aricy.jpg?twic=v1/output=image&v=2)
Hello, I'm looking to sell a home with a detached converted carriage house but due to family issues, the converted carriage house cannot be sold. I looked into subdividing the lot as well as implementing a life estat...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/58940/small_1621412740-avatar-tywes.jpg?twic=v1/output=image&v=2)
How's it going BP members ?
I'm trying to estimate what my monthly mortgage payment would be if I put 10k down on a 55k condo. Property taxes are about 1500 a year and the HOA fee is 150 per month. About how much wo...
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Hi BP world!I'm a new investor. I've bought and sold a few primary residences, so I'm familiar with the process of buying/selling a home, and I've read some books and lurked around the forums a bit. I am looking for m...