John Noble
Depreciation correction on duplex
Owner occupied duplex. 50% rental, 50% owner occupied. $100K home. $40K basis for depreciation. Moved out 5 years later = 100% rental. Problem = I just kept going on the same depreciation schedule but listing the...
Jennifer Rogers
Was this done correctly?
Hello!I am under contract with a wholesaler but I just want to make sure this is being done correctly. She wrote up a contract between her and the seller and then she wrote up a separate contract between her and I. Is...
Nate Smith
Will Bozeman prices correct
Does anyone have an opinion on how long the prices for single family homes in Bozeman, MT will stay hyper-inflated?
Irfan Saeed
City data in correct
Hello Community member - I would appreciate if someone can help me on this.I am planning to offer on a house but the house seems to have a later addition. The city data shows 1600 sqft was added and one bedroom was in...
Jason Rowlett
Are my numbers correct?
I have a condo that has risen in value and I would like to borrow against the equity to reinvest in other properties:Current condo value: $315-325,000 Current mortgage balance: $131,000Equity line I would like to rein...
Bill Campbell
Structuring a partnership correctly
Recently, I have been talking to a partner for a buy and hold deal. It would be a 50/50 partnership and my partner would be obtaining the mortgage from the bank. I read that we are suppose to put both our names on t...
Byran Parson
Is this calculation correct?
Tell me if my calculations make sense as im thinking about buying a 50k sfh rental.
I buy house for 50k. put 10k down on it. 2.5k closing costs. 12.5 total cash investment. No immediate repairs needed.
It will ...
Wesley Clark
Correcting my own mistake
Hello BP!I fell into land lording a few years ago when I moved out of a duplex I purchased due to job relocation. I now own a duplex out of state and have recently purchased my primary residence.Basically I purchased...
Katherine S.
Is my analysis correct?
I'm new to this site, and have just run our last rental purchase through the deal analysis outlined above. I'd appreciate it if someone could check my math, so to speak, to see if I'm figuring this correctly?Purchase...
Peter Cogliano
Why Correction Not Crash
Why Correction Not Crash
There have been a lot of talks on whether or not the housing market is primed for a correction or crash. This is my opinion as to why I believe we will see a correction not a crash.
I think ...