Expenses to the apartment building

Reference no: EM13127925

Eric lives in a home with a six-plex located at the rear of the property. On his tax returns, he allocates 60% of all expenses to the apartment building. He is getting really tired of dealing with 6 tenants, and is seriously thinking of moving in with his girlfriend.

Eric inherited the property from his parents two years ago. It was worth $600,000 then, and $1 million now. What are Eric's options?

Reference no: EM13127925

Questions Cloud

Derivative of polynomial function : Explain how to calculate the derivative of a polynomial function and provide an example to illustrate your explanation.

Poetry and prose : What is the difference between poetry and prose? Why would an author choose one over the other to express ideas? How do authors from various culture groups use poetry and elements of fantasy in their works?

What is the dog''s mass : A dog sits 1.07 m from the center of a merry go-round with an angular speed of 1.44 rad/s. If the magnitude of the force that maintains the dog's circular motion is 41.2 N.

First derivative and area : A printer is making a poster that will have a TOTAL AREA of 200 square inches and will have 1 inch margins on both sides, a 2 inch margin on the top and a 1.5 inch margin on the bottom.

Expenses to the apartment building : Eric lives in a home with a six-plex located at the rear of the property. On his tax returns, he allocates 60% of all expenses to the apartment building.

Description of definition of derivative : Find the equation of the tangent line in slope intercept form of the curve given by: Sand is being poured on a conical pile at the rate of 12 cubic feet per minute, the height of the pile being three times its diameter throughout. At what rate is t..

How many liters of gasoline would you need : n Europe, gasoline efficiency is measured in km/L. If your car's gas mileage is 40.0 mi/gal, how many liters of gasoline would you need to buy to complete a 142-km trip in Europe.

Clarification of implicit differentiation : Find (dy/dx) by implicit differentiation for the following equation:

Explain how long will he have to wait to buy the laptop : Isaac only has $690 today but needs $800 to buy a new laptop. Explain how long will he have to wait to buy the laptop if he earns 5.4 percent compounded annually on his savings?

User Account

All Pages