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Results (10,000+)
Mitch Davidson New STR Restrictions Coming for the Asheville Area
17 January 2025 | 40 replies
Several participants made the point in response that the county for a very long time has stood in the way of affordable housing being constructed, first and foremost by zoning, and that an STR ban isn't going to solve the problem.
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.
Spencer Ware Retired NFL Player 2x SB Champ
27 January 2025 | 48 replies
You're a veteran in this game for a long time. 
Account Closed Due On Sale Being Called!!
13 January 2025 | 41 replies
I would never do sub to for the purpose of holding long term rentals  ( at least personally) .
Elvon Bowman First time acquisition
16 January 2025 | 12 replies
I understand that as long as I have the deal, I’ll be able to source the funds from financial institutions, private money investors, and the liquid amount I have to meet all financial obligations.Looking forward to hearing your thoughts and advice!
Keegan Darby Advice needed on selling
11 January 2025 | 7 replies
If you are able to sell I'd say sell, if it's not looking like that's going to happen then try to get it on a long term loan with renters so you can save on your monthly payment, then get the equity back out and move onto something else!
Nate McCarthy How to extract equity from turning basement into rental unit on paid-for house?
10 January 2025 | 2 replies
Refinance the whole house as long as the rent exceeds the mortgage?
Chrissy Smyth Rental in depresses area and minimum requirements
8 January 2025 | 3 replies
We look at how many counts and how long ago.
Marcus Stokes fix and Flip
18 January 2025 | 21 replies
Long story short, as others have advised, attend local REI meet-ups to connect with your team, vet them, and begin your process.
Jasmine Thermitus Primary to Rental Property
15 January 2025 | 15 replies
Consider what your long-term goals are, is this your only rental or do you want to grow your portfolio?