Shayan Sameer
New Rental Property Purchase - Out of State
23 January 2025 | 24 replies
In Franklinton there are plenty of large projects going on that will bring massive growth to the west side of Columbus, such as the Peninsula Development, which is a multiphase project that will erect a 24 story apartment complex featuring a grocery store, a multi use office space building, and a new hotel featuring a two-story venue.
Ryan K.
Inherited House: Renovate, Sell, or Wholesale?
29 December 2024 | 5 replies
Again, see question #1.Selling as-is means selling it cheap, no hassle, quick sale.
Caleb Mesquita
New to Real Estate/Looking to learn
16 January 2025 | 5 replies
Again, the BiggerPockets store has some books on this topic, or you can learn about it by watching podcasts, reading blogs, and interacting on the forum.
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.
John Friendas
15 vs 30 Year Mortgage for Investor
23 January 2025 | 3 replies
A home (whether primary or investment) in my eyes is considered as a savings account once you own it - a store of wealth.
Tyler Schumaker
Brand new and looking to network
22 January 2025 | 3 replies
Again, the BiggerPockets store has some books on this topic, or you can learn about it by watching podcasts, reading blogs, and interacting on the forum.
Jacob Moore
New Investor Here Based In LA!
21 January 2025 | 2 replies
Again, the BiggerPockets store has some books on this topic, or you can learn about it by watching podcasts, reading blogs, and interacting on the forum.
Youssef Pullman
Dallas , Houston market insight
9 January 2025 | 2 replies
This is verified based on the good schools, department stores opening up (Costco, Target etc.) as well as verified investment from Jerry Jones (Dallas Cowboys owner) and the city to grow the population.
Craig Sparling
Exclusive right to rep (A post Burnet et Al world) for Real Estate investors
15 January 2025 | 2 replies
I paid the first one and then said that’s more than enough to store all future documents.
Peter Neill
From PPR Note Co. to GSP REI: Finding My Freedom Raising Capital
23 January 2025 | 5 replies
At the time, PPR was selling courses for investing in distressed 2nd mortgages.