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29 January 2025 | 28 replies
The tried and true version is pulling a list of properties whether you're targeting distressed homes or high equity homes in which case you can pull on something like Propstream or Propwire, you can skip trace through them or someone like Prime Tracers which has a pay as you go system.
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4 January 2025 | 20 replies
Did anyone advise you, mentor you ,on how to find and vet an interior decorator?
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31 January 2025 | 5 replies
Unless the property needs work and the seller is desperate, you're not going to find a seller willing to do any sort of seller financing on their end.
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26 January 2025 | 3 replies
Most agency loans will expressly forbid such an arrangement, so if they found out, the odds of having the loan called would be very high.
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15 January 2025 | 11 replies
In addition, while the umbrella did not end up having to pay out, having it meant I did not stress about it at all.
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27 January 2025 | 5 replies
. - The people that are monetized on actually closing deals are all saying this thing is highly implausible.
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13 February 2025 | 22 replies
Those seem very high estimates ^.
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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.
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4 February 2025 | 3 replies
So one tenant pays their 50% in RentRedi and the other pays 50% in RentRedi and as long as it equals 100% at the end of the month, everything is good.
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7 January 2025 | 4 replies
Our end goal is to be back in Redding in the next five years.