Rami Refaeli
Hello from a Texas Flipper - Excited to Connect!
22 January 2025 | 11 replies
What do you do in the tech industry?
David Ivy
Austin Market Report - December 2024
18 January 2025 | 1 reply
However, rates have since moved upward.A 30-year fixed rate mortgage is once again sitting around 7% interest:For broader context, here’s a chart for 30-year fixed mortgage rates over the past 5 years:The real estate industry hoped 2024 would see a recovery in which mortgage rates fell and home sales climbed.
Allison Park
Expectations of Investor Buyer's Agent
6 January 2025 | 15 replies
If you think about it in any industry less transparency and more friction in the transaction will increase fees/commission vs reducing them.I like the idea as an investor of having different agents, a team of agents maybe 3-4 bringing me deals, but I think less of that will happen now as all will have to have you sign some kind of agreement up front.
Tony C.
Filing a 1065 Partnership return Husband/Wife vs Schedule E
19 January 2025 | 42 replies
That Act did create Section 761(f) for QJVs, but... it does NOT have an exclusion for state entities like LLCs.
Marc Robinson
Community input on a small mobile home park, distressed with high vacancy
13 January 2025 | 10 replies
The is fear among the industry the EPA could come in and force you to shut the lagoon down.
Francis A.
California isn’t the only place where insurers are dropping homeowners
25 January 2025 | 9 replies
Sadly, this price-gouging behavior has become the unfortunate new norm in the insurance industry.
Rachelle Bertumen
Newbie to AirBNB
20 January 2025 | 9 replies
The tech industry and manufacturing growth in Reno also provides for a different client for short term rentals, something to look into.
Angilese Reyes
In Need Of Wholesaling Advice!
10 January 2025 | 1 reply
I know this industry may be hit or miss, but if anyone can drop any kind of advice that would be great!
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.
Noel Coleman
Unlicensed & Uninsured Contractors
6 January 2025 | 7 replies
Hiring unlicensed and uninsured contractors is considered an exclusion under most property insurance policies, meaning you could be giving up that benefit as well.