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10 January 2025 | 1 reply
Investment Info:Small multi-family (2-4 units) buy & hold investment.
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8 January 2025 | 5 replies
Looking into possible multi family or error.thank you.
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15 January 2025 | 10 replies
Currently I work as a Project Supervisor, we do rehab in multi-family units.
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8 January 2025 | 4 replies
The other is a Single Family long term rental.
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17 January 2025 | 9 replies
Single family homes are usually the best as they have fewer limitations.
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10 January 2025 | 12 replies
@Michael Challenger I scraped all the cash I could find and borrowed from family.
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9 January 2025 | 0 replies
Investment Info:Large multi-family (5+ units) commercial investment investment.
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11 January 2025 | 4 replies
Quote from @Dennis Bragg: Hey Josh, thanks for jumping in with such a bold approach.. it’s not every day you see someone your age pushing for a luxury twist on a single family rental.
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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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17 January 2025 | 12 replies
Thank you BP family for your support, sentiments, and suggestions.