Sunday, May 1, 2011
Short Sale Investing: Guidelines on Both a Buyer and a Homeowner’s Perspective
The cost of maintaining a real estate property is indeed treated an expense that must be spread over the asset’s useful life even if it depreciates. In real estate, when you shed a sum for maintenance, repairs, and other property necessities to be used to generate sales, you treat the item as an expense. Let’s put things in a much comprehensible example: let’s say you purchased a van to be used for your business. The van losses its value the very minute you drive it out of the dealership
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