15 October 2024 | 69 replies
Bigger Pockets can't stop sponsors from going on other sites (podcasts).
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17 October 2024 | 1 reply
The land represents ~1% of the purchaseOn the contrary - if you purchase a $2 MM shack in manhattan on a postage stamp lot, the land could represent 99%Lever 2 - % of the property with a shorter useful life.Not all parts of a piece of real estate are depreciated at the same speed.Certain personal property assets have SHORTER lifespans in the eyes of the IRS vs the standard 27.5/39 year livesProperties with tons of this often have:- Over-developed land sites (hardscaping, pools, retaining walls)- Fancy Fixtures- Fancy Furniture (STRs!)
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15 October 2024 | 1 reply
At this point, we are three years in, and have learned that you sometimes have to have thick skin (grit) in dealing with tenants, managers, and RV site visitors; while maintaining a sense of humor and humility.
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24 October 2024 | 55 replies
When I was first on this site I would advised against paid education, I saw it as all grossly overpriced and unecessary.
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13 October 2024 | 7 replies
So typically depreciation and expensing of costs usually happen on the placed in service date.
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15 October 2024 | 10 replies
If you want to do postcards, DealMachine has a way that you can send post cards directly from the app/site.
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14 October 2024 | 7 replies
It helps to prevent a tenant from doing what this tenant did and to give you remedies in case the tenant revokes the notice prior to the notified termination date.
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14 October 2024 | 2 replies
When is the latest date we have to provide the notice in order to not have to pay their moving expenses?
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19 October 2024 | 11 replies
There is a lot of experience on this site that can help you navigate through this.