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Updated over 10 years ago on . Most recent reply

Mike Thomas's profile image
Mike Thomas's profile image
Mike Thomas
  • from Sarasota, FL
  • Member since Aug 18, 2014
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11
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Mike Thomas's profile image
Mike Thomas's profile image
Mike Thomas
  • from Sarasota, FL
  • Member since Aug 18, 2014
Connect
Mike Thomas
  • Sarasota, FL
5
Votes |
11
Posts
Buying & Selling Real Estate

Depreciable closing costs

Mike Thomas
  • Sarasota, FL
Posted

Hi folks,

I am sure someone out there knows the answer to this... 

What are depreciable closing costs?

I think this means the seller is trying to get the buyer to pay for the depreciation that he has taken on the property.

Was I close?

Don't beat me up too bad, I am a newbie and learning.

I was analyzing a potential deal, and ran across this.

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