Frank Pyle
Seeking Advice on Financing an Airbnb/Short-Term Rental
11 January 2025 | 13 replies
The challenge we're facing is the lack of short term rental data for the appraiser, and we won't know if it will meet the debt service coverage ratio (DSCR) requirements until the appraisal is complete.Has anyone dealt with a similar situation?
Christina Hall
Best skip tracing website?
21 January 2025 | 33 replies
As they are getting paid to provide a service.
Keyshawn Johnson
Moving to Destin, FL Soon – Looking to House Hack My First Property with VA Loan
22 January 2025 | 3 replies
He is also in the service, is an investor and also an investor focused agent in your area.
Jacob Hafer
Offering Streaming Services
10 December 2024 | 8 replies
Do you pay for cable service in these units?
Hunter Goorsky
NEW Investor in the Joliet area 🏠
22 January 2025 | 9 replies
We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.
Dena Sommers
Partial Owner Financing Question
15 January 2025 | 2 replies
Don’t forget to include the cost of the loan servicer.
Basit Siddiqi
Experienced SFH Investor: Next Steps?
21 January 2025 | 6 replies
What is the cost of the service?
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.
Kelly Pintos
How would you invest 200k as a first-time property investor?
21 January 2025 | 2 replies
DSCR loans go up to 80% of the purchase price and depending on the Debt Service Coverage Ratio and your credit score you can expect rates on a 30 yr loan ranging from High 6%- Mid 8%.
Anthony Becerra
Flipping: Getting Under Contract & Getting POF
21 January 2025 | 4 replies
I know there are services that provide proof of funds but I view that as misrepresentation.