Henry Clark
Belize 25 acres Teak
4 January 2025 | 28 replies
Clearing the road to the top of the hill.
Gamal Harding
Navigating the Surge in Rental Application Fraud: A Guide for Landlords and PM's
6 January 2025 | 4 replies
Use services that can validate the authenticity of documents and employment history.Require Detailed Applications: Ensure that the rental application captures comprehensive information, making it harder for fraudulent applicants to provide fake details.Conduct In-Person Interviews: Meeting applicants in person can provide additional insights into the authenticity of their application and allows you to ask follow-up questions based on the details they've provided.Utilize Professional Screening Services: Professional tenant screening services are invaluable for conducting background checks, credit checks, and criminal history checks.
Tiffani Hollis
Appliances - New or Used?
17 January 2025 | 6 replies
I would think about tenant expectations and how much maintenance you’re willing to manage down the road.
Chad Jones
HELOC to fund a rehab?
28 January 2025 | 11 replies
As a realtor, investor, and owner of a construction company down the road in College Station, TX.
Roman Balmakov
Should I Buy a Cashflowing Multi-Family That has Permit Issues?
17 January 2025 | 7 replies
It would be wise to rectify it before transfer of title so your starting off clean and hopefully won't have any issues when you go to sell down the road.
Robert A. Coloma
Anyone dealt with a company LOANGUYS?
20 January 2025 | 62 replies
loanguys.com are criminals.
Joe Sullivan
My Horrible Experience with Ron LeGrand's Financial Freedom
27 January 2025 | 21 replies
Clearly she had been down this road with other people and knew exactly how it would escalate.
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.
Elizabeth Leb
What would you do with 20k?
9 January 2025 | 28 replies
However, the road block I face is getting to a point where I think it’s an “ok” deal (meaning it’s not fulfilling the 1% rule, but more like 0.75% and little to no immediate renovation cost/typically a new build townhome) and then I start to question whether I could find a BETTER deal if I just keep looking.
Tammy Elias
Change in Management
15 January 2025 | 8 replies
Clearly, shes not happy and an unhappy tenant usually results in more issues down the road, and you can bet they'll be expensive issues.