Posted by MarkB_MI on March 25, 2014 at 02:27:19 from (75.219.172.97):
In Reply to: Re: More on Cash Rents posted by Nathan (SD) on March 24, 2014 at 20:23:57:
Nathan, I'm glad you're not my accountant or investment counselor.
What Eldon actually paid for his property is mostly irrelevant. (I have to say "mostly", because the purchase price affects his capital gains tax should he sell the property.) Likewise it doesn't make much difference if he paid cash or not. (If the property isn't paid off, then the interest he's paying on the note becomes a factor.) Another thing that isn't relevant is how much he's received in rent from his brother. That's all in the past and can't be changed.
What does matter is the net value of his property should he sell it, and potential income of that money reinvested. It also matters what the future rent will be if he keeps the property. A less tangible thing is how much he wants to maintain peace and harmony in the family.
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