I share a small cabin with a friend that we bought 15 years ago for 25K total. We each paid half. It was a "fixer upper". I then invested $25K into the cabin to make it liveable--I installed a bathroom, hot water heater, floors in two rooms, etc. She didnt have any money at the time, so the deal was, I would own whatever equity share I contributed.
The market value of the cabin has increased as a result of the improvements I paid for. On the other hand, does the 15 years of depreciation outweigh the increase in market value? What is my share at this point?
Cabin Fever
The market value of the cabin has increased as a result of the improvements I paid for. On the other hand, does the 15 years of depreciation outweigh the increase in market value? What is my share at this point?
Cabin Fever