Bailey Rentz
Done with Stessa. Where should I go?
13 January 2025 | 10 replies
I'd rather pay for a platform whose revenue comes from subscription fees because at least they are developing features and functionality for the "right reasons.I've never heard of Digb (what kind of name is that?).
Max Martynenko
Investing in Ohio
19 January 2025 | 6 replies
De nada 😎I don't know that market at all (FYI, I don't see this is other Midwest markets where my CFO clients buy properties), but I suspect it's related to perhaps the international investors that agent may work with...they are often cash buyers as it's very difficult to borrow here if you're not a U.S. citizen.
Tom Nagy
Stay away from RAD Diversified
20 January 2025 | 32 replies
They give no official closing documents, just internal documents that I'm guessing are fraudulent. 170% profit in two years is a HUGE red flag🤯
Ryan S.
My first STR in Aspen, CO
24 January 2025 | 13 replies
I’ve spoken with a few agents who estimate it could generate anywhere from $150,000 to $300,000 in revenue, which is a big range.
Cole Starin
Six Unit Multi-Family BRRRR
24 January 2025 | 8 replies
Hope is the industry gets some relief soon and I can revisit some options to further improve asset revenue through amenities and/or roll into a better rate a lower principle.
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.
Kenyatta Barthelemy
Starting out in New Orleans/ Baton Rouge
27 January 2025 | 21 replies
But for maximum revenue start with seeing what rooms go for in your area.
Charles Roberts
Who owns short term rentals in Japan?
24 January 2025 | 5 replies
We have two young boys who also enjoy Japan and hoping we can all begin to learn the language and possibly enroll them into an International School during the summers.
Marc Shin
What Can I do about sound in a duplex with thin walls?
29 January 2025 | 10 replies
Guests provide revenue and guest provide Reviews.
Patrick Braswell
Home Equity Loan vs. Refi on rental without existing mortgage?
19 January 2025 | 5 replies
I average about $2000 a month in cashflow on the current rental property, and the new property would bring in around $3500 in gross revenue.