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Results (10,000+)
Bob Willis DSCR for acquisition of existing PadSplit
15 January 2025 | 18 replies
What kind of seasoning is generally required as it relates to the rents/revenue as it relates to servicing the note, etc...I currently own one PadSplit (acquired via Subject-to) that has been up just over a month.
Otis Clayton How do closing agents fund private money deals?
15 January 2025 | 15 replies
When I looked into IRA accounts, I found that it didn't do service to my situation.
J.P. Coghill Appfolio On Boarding
15 January 2025 | 8 replies
It may feel cumbersome, but their diligence reflects the level of security and service you can expect once onboarded.
Nicholas Dillon Requesting that your mortgage insurance be dropped
8 January 2025 | 4 replies
It'll likely take a month or two assuming that the loan is with one of the large servicing companies that move at a glacial pace. 
Fay Chen CNBC's Best Lenders for Construction Loans. Do You Agree?
15 January 2025 | 2 replies
I would not use a national bank I would only use a local regional for the best fees and service they know the market best.but qualifying is harder.. you will need experience  plenty of reserves and equity.
Tim Wiesemann 2025 Goal To Start Using BP
15 January 2025 | 3 replies
We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.
Steve K. Due On Sale Clause About to Become More Common?
12 January 2025 | 185 replies
There is no Due on Sale Police, the loan is serviced by a Servicer who is paid just a few dollars per month to service the loan.
Arch Stanton Thoughts on turnkey 5.5% cap with little cashflow with 70% LTV, Little Rock AR
13 January 2025 | 2 replies
Customer service is always great when they have something to sell, I am sure you know this. 
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.
Llamier Guzman Real Estate License VS investment
9 January 2025 | 1 reply
(I plan to move to Florida in a few years after my military service which will be up in 2 1/2 years, but i also want to gain my license in Florida).