Michael Overall
Utilities and Interest during remodel Basis or year deduction
21 January 2025 | 10 replies
Here's how to handle your situation for tax purposes based on IRS guidelines:1.
William J Anderson
Introduction and Seeking Advice on T-12s
27 December 2024 | 8 replies
@William J Anderson you want assistance in analyzing T-12s for the purpose of purchasing a property?
Rob Hilton
Dynamic Pricing leads to Accusations of Price Gouging in JT
29 January 2025 | 11 replies
I guess they are holding you ultimately responsible for pricelabs raising rates.
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.
Raqia Bethea
Am I overthinking
24 January 2025 | 6 replies
Apparently I quoted your response but my intentions was to reply.
Cristal Ochoa
PennyMac Loan Transfer to LLC
7 January 2025 | 5 replies
Most purposes that people on the BP forums are transferring properties to an LLC, would be exempt of the Due On Sale Clause.
Cameron Marro
Seeking Renovation Advice for My First Investment Property
27 January 2025 | 13 replies
Some great responses here.
Victor Tofilski
Why is my unit still vacant?
31 December 2024 | 49 replies
NEVER put in a photo without purpose.
Alex Silang
Mass deportations: will it affect rental markets?
22 January 2025 | 61 replies
I often think we forgot we the voters are responsible for all of this.
Mike Montanye
Deal Machine Customer Service
3 January 2025 | 14 replies
I am the owner of DealMachine and take personal responsibility for making sure we communicate clearly and have issued a refund to you (the initial charge was April 2023 and it is 2025 now... sorry it took so long to see this).Direct mail is a hard cost, so when you send out direct mail, you get the first 20 free during the free trial.