Joshua Parsons
Really long distance investing (International)
15 January 2025 | 23 replies
Internet capabilities are low, and no one wants to live there.
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.
Isaac Terry
Investing Out Of State - Starting
13 January 2025 | 14 replies
There are a lot of rough areas here that look good on the internet but the reality on the ground is much different.
David Woodside
500 hour rule - material participation
15 January 2025 | 12 replies
Allows rentals to be non-passive.
Jason Hatfield
Buying a house at auction
15 January 2025 | 7 replies
@Jaycee Greene they require a non refundable deposit and give 48hrs to see proof of funds
Luis Marin
Sell or Rent How do we identify what is best for us?
4 January 2025 | 5 replies
. ==== Projected Income ====**Off Season**-$4,000/Month Rent Period: September - May (7 Months) Projected Income: $28,000**Summer 1**-$8,000/Week Rent Period: June (4 Weeks)Projected Income: $32,000**Summer 2**-$8,500/WeekRent Period: July-September (12 Weeks) Projected Income: $102,000**Optional** (Basement Apartment)-$2,000/Month -Rent Period: Year Round Projected Income: $24,000TOTAL PROJECTED INCOME: $186,000 ==== Operating Cost ====-Mortgage: $84,000 ($7,000/Month) -Utilities: $36,200Gas $6,000 ($500/Month) Electricity $6,000 ($500/Month) Internet $2,400 ($200/Month) Garbage $5,000 (Estimate) Pool $4,000 ($250/Week)Landscaping: $4,000 -Mowing: $2,400 ($150/Week) -Clean Ups: $1,600 (Spring & Fall)-Weekly Turnovers: $8,800 ($550/Week)==== Legal Cost ====Summer Rental Fee: $20,100 (15% of $134K)Sandwich Rental Tax: $6,855 (15% of $45,700) NET PROFFIT: $38,845.00
Craig Oram
JWB experience - My thoughts, let me know yours
30 December 2024 | 24 replies
I’d love to come to a meeting of the minds and a public forum probably isn’t the best place to do that.
Makani Donaldson
STR in Hawaii
8 January 2025 | 10 replies
You have to find the areas that are either zoned for Hotel and Resort or have NUCs (non-conforming use) certificates.
Chris Magistrado
Digging Into the Justice Department’s Lawsuit Against Major Landlords
12 January 2025 | 8 replies
If you made those free they'd be complaining about jobs or supermarket deserts or lack of public transportation or some other issue.
Brenden Stadelman
Is The Investers edge legit?
27 December 2024 | 13 replies
It is too easy to scam over the internet.