Melody R.
Thoughts about the virtual CPA firm The Real Estate CPA?
16 January 2025 | 18 replies
We have emails, video conferences, secure portals etc etc.We do have a physical office, and half of our clients are local.
Ricky Smith
Advanages of setting up a separately run management company?
13 January 2025 | 3 replies
These are multiple assets of all sorts of things, retail, houses, condos, office.
Aaron Raffaelli
DSCR Loan for a first time REI
19 January 2025 | 18 replies
If so (and even if not), I would love any recommendations to a loan officer in the metro Detroit area.Thank you in advance,Aaron RaffaelliAaron,Yes, it should be entirely possible!
Jonathan Small
DIY or hire help for taxes?
23 January 2025 | 7 replies
Managing self-employment income requires tracking eligible deductions like business expenses, home office use, and retirement contributions.
Adrian Sopher
My Story; Life, Mistakes, and Opportunities!
19 January 2025 | 2 replies
I jumped at this opportunity buy getting my license, signing up with her broker, only to discover all she wanted was the sign on bonus from me joining that office.
Christopher Heidrich
Stuck in analysis paralysis and in the military
29 January 2025 | 6 replies
Thanks to everything I’ve learned from the podcasts, books, and this community, my wife and I currently own:A triplex in MaineA single-family rental in San AntonioA single-family primary residence in Las Cruces, NM, which will become a rental when we move in a few monthsFor context, I'm an active-duty Army officer with about 12 years left until retirement, and my wife works for a university in Boston.
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.
Braeden Warg
What to pull permits on
27 January 2025 | 8 replies
I initially had no clue to the comment so went to permit office.
Mario Morales
"Multi-family" agents-how to pick one's
17 January 2025 | 6 replies
To newer investors, they may rely on their agents to act as the Chief Investment Officer, effectively thinking the agent will bring them only perfect deals that meet their investment objectives.