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To: GOP_1900AD
300 / month property taxes on multiple properties in more than one state is not bad at all.

No, it is $300/month for the single family home where I live in Idaho. There are additional taxes on the other house that are collected as part of the $628 monthly payment to the bank. The fair market rental value for the property is around $750/month. I had to sink $2600 in to replacing the windows as the 1947 vintage wood frame, double hung windows were unattractive and dangerous. Recapturing the capital investment on the windows will have to wait until I either sell it or depreciate it. I'm inclined to hold the property indefinitely at the current time.

672 posted on 11/11/2005 5:19:05 PM PST by Myrddin
[ Post Reply | Private Reply | To 668 | View Replies ]

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