That is equal to your ordinary tax rate, but is currently capped at 25%.

I think both parties are equally to blame for what happened......

Learn how to estimate exit values which includes having/knowing your market conditions and how to adjust comps to equal subject property.2.

It benefits every one if the mismanaged properties are distributed more equally among ambitious and capable people.The more people, the more lines of credit and liquidity in the market.Don't be afraid of competition.

Some though might invest in these areas thinking they could do equally well without the necessary awareness could have less than desirable results.

I can reasonably say that the homes this lady appraised are equal or superior to the sales comp I found with my limited resources.

Also, you likley never want to own a home 50/50 without the other owner being equally liable for the loan as it gives that person no incentive to play nice regarding the real estate.

The problem is that we (the joint venture parties) consider the lots to have equal value and we want to call them both worth $62.5k/lot.

Check how much cash you have to spend.Then see if you can get financed.FHA you go with 3.5% down.Preserve your liquid cash for other investments.For about every 10,000 you pay down you will chop off about 60 a month in mortgage payment.So for putting 50,000 down you will save about 300 a month or 3,600 a year.At that rate it would take about 14 years to equal the offset of savings.So see if you can get the loan with little down first.Otherwise if you put too much down you have "dead equity" that is not working for you.

Had I been born a minority, had I been born a woman, had I been born to an uneducated and/or poor family, had I been born in another country or had I been born in another time period, I very well may have still be successful -- but, it's much, much, much, much, much, much less likely.There have been plenty of studies done that have indicated that not everyone in this country has equal opportunity -- just look at the school systems in places that tend to be poor and heavily minority.I'm not saying that many people don't work hard and earn their success, but I always find it a bit comical when those people tend to be like me (white, male, educated family, etc) and like to spout off about how it was strictly due to their hard work and go-getter attitude.As you said, Brian, there are many people who will never seriously consider that they may just have a major head-start in life, and that is the basis of their success.