
14 January 2025 | 9 replies
Examine the bottom half from every angle - how much you can make, what else you can get for your money (don't worry about how much you make on these, they are time suck and the lower half of your portfolio)That's a good place to start.

10 January 2025 | 15 replies
@Reno Philip Welcome and you are in the right place and you are on the right track.

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.

14 January 2025 | 15 replies
@Chad Urbshott Correct, Olympia Trust is one of three places mentioned to set up a trust.

17 January 2025 | 19 replies
Great replies here, and thank you for sharing examples of what you have or have not done as a private landlord.I do think there is a time and place to offer concessions, just not for people like you and me that are owning/managing portfolios smaller than an apartment complex with 100's of units.

9 January 2025 | 21 replies
I have family in Kansas City, MO area so I thought that would be a good place to start since I could visit properties while visiting family.

9 January 2025 | 2 replies
You have come to the right place!

11 January 2025 | 15 replies
north of Tampa is an interesting area (about an hour or two) and there are a lot of low end places.

27 January 2025 | 48 replies
I'm not familiar with Cincy but it sounds like you have a good foundation in place.

29 December 2024 | 17 replies
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