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(former)FormerSanDiegan
Participant[quote=sdrealtor]and write the trip off![/quote]
I believe that travel for identifying and purchasing a rental property is not immediately deductible as an expense, but rather is applied to the cost basis of the home. Don’t know if it is depreciable or not. Regardless, the tax break is going to be accumulated over a signficant period of time.
However, travel to the property for repairs and maintenance fall into a different category and can be deducted in the year they are incurred.
Going off memory here. Consult a tax advisor.
ParticipantI agree. Unless the land is worth $0, PPSF of individual houses is not useful for comaprative purposes unless they are within 10% of the same sieze, on the same sized and similarly situated lot, have similar characteristics and are of similar age.
However, ppsf is valuable as an aggregate price tracking mechanism (as Rich uses), since on average the things mentioned above tend to average out.
ParticipantI agree. Unless the land is worth $0, PPSF of individual houses is not useful for comaprative purposes unless they are within 10% of the same sieze, on the same sized and similarly situated lot, have similar characteristics and are of similar age.
However, ppsf is valuable as an aggregate price tracking mechanism (as Rich uses), since on average the things mentioned above tend to average out.
ParticipantI agree. Unless the land is worth $0, PPSF of individual houses is not useful for comaprative purposes unless they are within 10% of the same sieze, on the same sized and similarly situated lot, have similar characteristics and are of similar age.
However, ppsf is valuable as an aggregate price tracking mechanism (as Rich uses), since on average the things mentioned above tend to average out.
ParticipantI agree. Unless the land is worth $0, PPSF of individual houses is not useful for comaprative purposes unless they are within 10% of the same sieze, on the same sized and similarly situated lot, have similar characteristics and are of similar age.
However, ppsf is valuable as an aggregate price tracking mechanism (as Rich uses), since on average the things mentioned above tend to average out.
ParticipantI agree. Unless the land is worth $0, PPSF of individual houses is not useful for comaprative purposes unless they are within 10% of the same sieze, on the same sized and similarly situated lot, have similar characteristics and are of similar age.
However, ppsf is valuable as an aggregate price tracking mechanism (as Rich uses), since on average the things mentioned above tend to average out.
Participant[quote=Arraya]Actually, in investing, panicking early, before anyone else, is always the best bet[/quote]
Perhaps. But panicking early leaves one susceptible to false alarms.
Anyway, it is September, 2010. It is too late to panic early in the housing market.
Participant[quote=Arraya]Actually, in investing, panicking early, before anyone else, is always the best bet[/quote]
Perhaps. But panicking early leaves one susceptible to false alarms.
Anyway, it is September, 2010. It is too late to panic early in the housing market.
Participant[quote=Arraya]Actually, in investing, panicking early, before anyone else, is always the best bet[/quote]
Perhaps. But panicking early leaves one susceptible to false alarms.
Anyway, it is September, 2010. It is too late to panic early in the housing market.
Participant[quote=Arraya]Actually, in investing, panicking early, before anyone else, is always the best bet[/quote]
Perhaps. But panicking early leaves one susceptible to false alarms.
Anyway, it is September, 2010. It is too late to panic early in the housing market.
Participant[quote=Arraya]Actually, in investing, panicking early, before anyone else, is always the best bet[/quote]
Perhaps. But panicking early leaves one susceptible to false alarms.
Anyway, it is September, 2010. It is too late to panic early in the housing market.
Participant(I see that while I was slowly mis-typing my response that UCgal found similar info on-line.)
Anyway, I don’t think panicking is ever beneficial when selling property or investments.
Participant(I see that while I was slowly mis-typing my response that UCgal found similar info on-line.)
Anyway, I don’t think panicking is ever beneficial when selling property or investments.
Participant(I see that while I was slowly mis-typing my response that UCgal found similar info on-line.)
Anyway, I don’t think panicking is ever beneficial when selling property or investments.
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