Tannia Castro
New to Rental Property Investing
16 January 2025 | 9 replies
For example, I often recommend working with vendors who specialize in rental property maintenance or have experience with rental landscaping to keep your property looking great without overspending.Start Small and SmartFocus on buying a property that fits your budget and investing goals.
Shayan Sameer
Seeking Advice on Real Estate Investing Strategies
12 January 2025 | 6 replies
May need a little rate buy down but in the long run it is much better to raise your rate 1% to 1.5% versus taking a Heoc rate above 8%.The whole point of taking cash out is its quick and you avoid having the associated risks that come with a Heloc.
Jonathan Glumac
Disclosing Sales Agent and Brokerage to MF Development Employer
20 January 2025 | 3 replies
I am trying to understand how that dynamic may change if I was sponsored by a broker outside of our office.
Jason Edwards
First Flip Insights: 1272 Lakins Rd, Etna
20 January 2025 | 0 replies
Features a versatile layout with potential for office or hobby spaces, and a primary suite with a double vanity bath.
Jason Khoury
Purchasing Vacant Home from Non-Profit
12 January 2025 | 6 replies
So I contacted the tax collectors office and was told there was a legal loophole and that since the building had been owned by a non-profit for part of the year it would receive tax exempt status for the full year.
Tom Miller
The city wants to buy my property
8 January 2025 | 7 replies
Like the title read the city wants tobuy my property it’s ran down. The city wants to tear the property and surrounding properties down Zillow said it’s worth 38000The city offer me 13000.I could use some advice
Adam Ortiz
Buying my first investment property out of state?
28 December 2024 | 8 replies
There are many ways to buy cheap elsewhere but still lose your shirt.
Hayat- Hyatt Barron
New Jersey Investor Seeking to Build Passive Income—Let’s Connect!
4 January 2025 | 12 replies
Welcome Hayat, I m a central Jersey investor, my office is in old bridge, let’s talk.Anthony @ Skyline
James Syed
5 Day Notice Illinois
5 January 2025 | 18 replies
Also, the local Sheriff's office typically does this as well.
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.