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8 January 2025 | 3 replies
When I listed this property last yeear I had it rented in about 5 days.
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7 January 2025 | 0 replies
I worked with the listing agent on the property.
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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.
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11 January 2025 | 4 replies
In Phoenix, where I’m based, or in markets like San Antonio, the best realtors do more than just list properties.. they go “driving for dollars” to find oppurtunity, leverage their local networks (probate attorneys, CPAs, divorce attorneys) and carefully analyze each property’s cash flow.
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4 January 2025 | 19 replies
I assume documentation was a top priority here when discovering the property's conditions.
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16 January 2025 | 7 replies
If you could be so kind, please provide me a list of benefits I would gain with a Property Manager.Again, thank you for your feedback.
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14 January 2025 | 11 replies
I know an investor that might partner with you on the lot next door and/or may buy your lot without the title policy.I have already got the deed for that lot and another lot that i bought.. the second one is not waterview but it is .694 and soon to be listed on the MLS for 18k.. im still waiting for the lady to come and see hers and say shes ready to sale.. her family was affected by the hurricane and hopefully she will be able to head this way soon.. ive started to try to wholesale here in jasper and have several deals lined up but cant find any investors in my area looking to buy.. i just now saw this or would of replied along time ago.. i dont know how to do the mentions with the @.. every time i try it dont work
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14 January 2025 | 4 replies
This is one of the things that @Matthew Irish-Jones mentioned above - be careful about putting #3 on his list above #1 and #2.
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7 January 2025 | 8 replies
I’m looking to make a list of conventional loan lenders that would be able to refinance a hard money loan for 75% of the new appraisal of a residential property?
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7 January 2025 | 8 replies
Get a list of fix and flippers and start dialing.