Borrower experience: Will you lend to newbies?

2024 will go down as, "The Year of Taking Action".
Getting back in the game came with some challenges. Mostly, the challenges were related to having the wrong mindset about taking action.
Measuring the input is the...

I do have a small shop with equipment that I use exclusively in fixing my rentals.   

However, I wouldn't expect to be able to do many of these deals without quite a bit of experience.  

Just curious if others have had a good experience with them?  

Usually prospective tenants that agents bring to showings will be more qualified to rent in my experience.

I know this is probably quite rare, but if anyone has any experience in this, any advice will be appreciated.Thanks,Gene

From Before to Profit: A Live Fix and Flip ExperienceJoin us for an exclusive Fix and Flip Tour to explore real estate flipping firsthand. Visit the property and learn about various renovation stages, gain insights fr...

I am considering investing into this syndication, they are a housing development syndication fund. https://broadstreetglobalfund....Anyone have any experience working with them?

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.