James E.
Real Estate professional logbook example
20 January 2025 | 216 replies
Would love to see an example of some real life qualifying activities and what you're including.
Jill Keller
LLC or Not from a Liability Standpoint?
1 January 2025 | 2 replies
The LLC was used in an active business for separation of the active business from my other businesses, rental for one.
Reeti Peshawaria
Seeking advise - STR in Indio
16 January 2025 | 6 replies
Due to Coachella, I am guessing there is active tourism.
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.
Hillary Buckingham
Tips for a newly licensed agent with a goal of $50k in commissions my first year
17 January 2025 | 7 replies
You can still do it...get with an active Broker and hustle your butt off....!
Darrius Lloyd
Multi Family House Hacking
8 January 2025 | 2 replies
I'm actively seeking mentorship from someone with experience in similar markets who can shed more light on this process.
Josh Ball
Unique STR ideas/feedback
14 January 2025 | 18 replies
Quote from @Garrett Brown: Hey @Josh Ball , this is basically what I do on the most successful properties I have ever had. www.cameronranchglamping.com It mainly depends on a few things.How close are you to a metro hub/ activities?
Neil Narayan
2024’s hottest ZIP codes and hidden gems
19 January 2025 | 7 replies
The ZIPs with the most activity?
Justin Snead
Becoming a Real Estate Agent Best Advice.
14 January 2025 | 5 replies
Is your goal to use being an agent for your own personal investments or actively try and grow your agent business to eventually leave your W2?
Joshua Keim
Excited to be here!
15 January 2025 | 8 replies
Your VA loan will be crucial to your real estate investing growth, especially since it affords you the potential opportunity to own more than one property, depending on your overall allotment.For active military personnel, that conundrum of where to invest and where you will end up is always part of the issue that sometimes causes analysis paralysis so it's great you have one in VA Beach already.