Updated over 6 years ago on .
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BRRRR vs depreciation numbers
I buy a house for 25k cash. Put in 50k cash. Appraised for 130k and refinance for 97.5k. What value do (or can I use) for my initial depreciation number? Obviously I would like to use the larger number so my gains are less when I sell in the future. Am I forced to use the cash price of 25k?