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Results (10,000+)
Luke Tetreault 2 years in, Growing Pains! What's the Strategy?
14 January 2025 | 9 replies
I feel a loss of direction and that makes it really hard for me to focus and build.Do we keep at building a portfolio of small multi family (very abundant in my market, very rare to find anything above a triplex for sale), with plans of selling the portfolio and 1031'ing into larger properties? 
Amanda Bradley 1 yr lease ending 2/2/2025
7 January 2025 | 5 replies
This way they can't claim ignorance.I would also require a move out inspection and make it the day after they are supposed to be moved out. 
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.
Toby Khan Wichita, KS Investors
9 January 2025 | 107 replies
The strength of what you have done so far is you are building equity.
Zachary Kotiadis *Using an FHA loan, can I move during the first year?*
17 January 2025 | 9 replies
If this job popped up out of the blue, your intent was not to move within the 1st year, so you may be ok.If you are planning on building a portfolio of homes, it is safest to stick in your home for 12 months to reduce the appearance of potential fraud. 
Destiney E Goins Destiney Goins- new to investing
13 January 2025 | 5 replies
Either way, best of luck building your portfolio!
Tod DuBois Many leads but not bookings on Furnished Finder - to to resolve
14 January 2025 | 19 replies
I know the founder and know that they've set out to build a platform that takes the best features of sites like Furnished Finder and Airbnb and leaves out the clunkiness and annoying policies and practices.
Giuseppe Di Pietro Pergola Recommendations for backyard in Clearwater, FL
13 January 2025 | 5 replies
One golden rule I follow,if it takes a long time to fix/replace when it breaks, don't buy a cheap one.Imagine, this thing breaks in the middle of your peak season and the people who can come out to rebuild are 2 weeks out....It takes at least a day or two to build something like this even if you are super skilled.
Sean Dunbar Looking for advice to invest 965k of equity
16 January 2025 | 4 replies
Are you trying to build up to some monthly cashflow # (i.e. $10k month net) or an equity # (i.e. $10 million equity), etc.
Ryan Crowley Pay off mortgage and snowball?
19 January 2025 | 61 replies
I started out with little to nothing when I was in the Army and building up properties slowly.