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21 January 2025 | 31 replies
My firm integrated the services together and our clients have loved the one stop shopping for all RE accounting, tax, asset protection and entity work.
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9 February 2025 | 36 replies
If you have strong market knowledge and the ability to find deals, working in acquisitions for a syndicator or a real estate private equity shop could be a good fit.
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22 January 2025 | 12 replies
I’d recommend shopping around with different DSCR lenders and considering lenders who specialize in investment properties for more flexible terms and options.Good luck with your investing journey!
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30 January 2025 | 34 replies
Shopping around for turnkey and property managemtn companies myself.
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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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7 January 2025 | 6 replies
I do have a small shop with equipment that I use exclusively in fixing my rentals.
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9 January 2025 | 1 reply
(Starbucks / yoga studio / craft brewery /boutique cookie,coffe or ice cream shop are the easiest targets)-Activation of dormant retail sites-Increased foot traffic For B to AAbove also apply-Home valuations (are homes in the increasing at rates above nearby or similar neighborhoods)-Is it walkable or are projects in place to make it highly walkable for residents-Is it near highly desirable activity centers -is it unique (for example - Can it get historic designation)
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9 January 2025 | 8 replies
In Pittsburgh, where I live and operate, this would be a two to three-month process in front of almost all out local district magistrates.
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24 January 2025 | 9 replies
I stopped into a barber shop and the lady asked me for my phone number.