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Results (10,000+)
Victor Correa Subject to mobile home with bank lien
23 December 2024 | 8 replies
Quote from @Victor Correa: It’s Mobile Home with Land I’m taking over both land payment and Mobile Home payment and right as of now is considered personal property but you just open up my eyes and I’m thinking what we can do is convert into real property and then transfer the land and that way it’s attached to the land Your thoughts?
Marc Robinson Community input on a small mobile home park, distressed with high vacancy
13 January 2025 | 10 replies

I have an off market opportunity. 30 pad trailer park, only 19 trailers currently on-site 17 with MTM tenants. Rent roll was ~$8K last month. They are looking to get $500K for the park. 16 of the 19 trailers are park ...

Ryan Brown How to deal with ignorant tenants?
6 February 2025 | 7 replies
I'm not sure why you have an issue with "needed documents".
Lindsey Matejak Chicago Lease New Flooding Disclosure Questions
6 February 2025 | 7 replies
Additionally you can always write in what was done to correct it and explain that since then you no longer had issues
Robert Gibbs Out of state wholesaling
6 February 2025 | 5 replies
I'm not a lawyer and this isn't legal advice but I wholesale in 7 different markets and my LLC is just in one state and I haven't had any issues
Mario Niccolini First Time Buying a Short Sale – What Should I Watch Out For?
1 February 2025 | 2 replies
If you see a bunch of title issues (multiple mortgages, liens etc) the approval will be more difficult.
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.
Aldo Valeriani Help Needed: Stop Work Notice in Covington, GA for Fix-and-Flip Property
29 January 2025 | 3 replies
4.Tips to avoid similar issues in the future?
Bruno P. Screening Fee amount (is it OK to charge more than $25 in WI?)
5 February 2025 | 5 replies
I am not aware of any issues with using third-party screening services. 
Adam Sherwood Duplex House Hack
5 February 2025 | 2 replies
So many variables can turn a deal sideways from 1 hour to the next - i.e. inspection findings, title issues, contracts, financing issues, taxes, dept. of buildings/local municipalities, etc.I'm glad to hear you made it through the challenges, and it sounds like you'll be able to leverage this experience as you grow your portfolio.All the best to you along your journey!