Jason Sung
Water leak at a bathroom and insurance claim (Safeco)
15 January 2025 | 6 replies
It will hit hard on renewal and shopping for a new carrier.
John Lasher
How did you get into multifamily?
26 January 2025 | 17 replies
The first closed shop 2 weeks into my mentorship and stole my money and removed all of their content from online.
Tyler Mills
Transitional Neighborhood Indicators?
9 January 2025 | 1 reply
(Starbucks / yoga studio / craft brewery /boutique cookie,coffe or ice cream shop are the easiest targets)-Activation of dormant retail sites-Increased foot traffic For B to AAbove also apply-Home valuations (are homes in the increasing at rates above nearby or similar neighborhoods)-Is it walkable or are projects in place to make it highly walkable for residents-Is it near highly desirable activity centers -is it unique (for example - Can it get historic designation)
John Hickey
Long term BRRR in Bed Stuy Brooklyn, NYC John Hickey
28 January 2025 | 71 replies
The coffee shop is open.
Kevin Brown
Best Accounting Software
29 January 2025 | 7 replies
I find that it's almost a one stop shop in that I can use it for my business checking and savings accounts, bookkeeping, for rent collection, I can issue virtual credit card, I can create all the financial reports I need to run my real estate business and prepare for tax filing and through their partners I can vet my tenants, develop state-specific leases and more.
Jonathan Snider
LLPAs for Vacation Home Loans
28 January 2025 | 8 replies
Id recommend connecting with someone who can help you shop more investment-specific/rental programs on a national scale.
Melanie Baldridge
What is MACRS classification?
10 January 2025 | 0 replies
When it comes to real estate, here's a general list of eligible assets and their depreciable lifespans that you should know: Residential Rental Property = 27.5 yearsThis includes any building or structure where 80% or more of its gross rental income is from residential units.That means:- Apartment buildings- Single-family rental homes- Duplexes, triplexes, and quadplexes- Mobile homes (used for residential rental)- Any kind of residential lodging facility where the primary purpose is long-term rentalCommercial Property = 39 yearsThis includes non-residential properties like:-Office buildings-Retail stores and shopping centers-Warehouses-Industrial complexes-Hotels and motels that do not qualify as residential rental propertyLand Improvements = 15 yearsThese include sidewalks, roads, fencing, some landscaping, and parking lots that are separate from the building.Personal Property = 5 or 7 yearsPersonal property used in a rental activity usually has a 5 or 7-year life.This includes most furniture, appliances, carpeting and various machinery.Qualified Improvement Property (QIP) = 15 yearsGenerally, this includes any improvements made to the interior of a non-residential building after the building was placed in service, excluding elevators, enlargements, and the internal structural framework.Computers and Related Peripheral Equipment = 5 yearsVehicles = 5 yearsNote that the land itself is not depreciable.
Annie Anson
How to meet material participation hours for out of state investors
22 January 2025 | 25 replies
Let's say you spent a month on the initial preparation: cleaning, painting, shopping for furnishings, assembling IKEA furniture and so on.
Marcus Stokes
fix and Flip
18 January 2025 | 21 replies
The last thing you want is to have a home run deal that theoretically should be a high-profit flip but is ruined because your contractor screws you over in some form or fashion (late deadlines, inaccurate scope of work, etc.).
Samuel Dunlap
Maricopa County Probate Records
30 December 2024 | 4 replies
I’m hoping to find more success in Phoenix, but as you stated, the old fashioned way may be my best bet.