David Milanese
Wholesale knowledge please!
28 January 2025 | 11 replies
Everything you need to learn/know is available online for free.
Jeff G.
What are some warning signs that an area is slipping from C class to D class?
7 January 2025 | 19 replies
Quote from @Nathan Gesner: Unkempt lawns, trashy or broken down vehicles, mattresses and trash on empty lots, boarded up houses, bars on windows, dealers and hookers on the corners, the lack of stores or gas stations, occupied properties are dilapidated, etc.Or when Google maps shows stuff like this: If those are drug zombies, as they appear to be, that's an "F" class neighborhood where nobody pays rent and structure burnouts are common.
Luke Paez
Turning Ambitions into Assets
26 January 2025 | 3 replies
Both of them I own free and clear.
Garrett Ramela
What's going on with Azibo? Any recommendations?
20 January 2025 | 4 replies
When you have employees promoting the platform like it is the best platform ever and free accounting services, it was going to go down sooner or later.Pretty sure their other services are going to go down shortly.Baselane is offering assistance I believe, but they are just like Azibo.
Dave Chengoue
New Investor in Real Estate seeking for advice and networking opportunities
30 January 2025 | 16 replies
Feel free to PM me @Eric Johnson.
Bob Willis
DSCR for acquisition of existing PadSplit
16 January 2025 | 21 replies
The appraisal stated one was an office, another was a den and the 3rd was I think called a daylight room.
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.
Desiree Rejeili
How Much Home Equity Have You Gained? The Answer Might Surprise You
13 January 2025 | 0 replies
In some cases, it might even mean you can buy your next house all cash.Financing Home ImprovementsThinking about upgrading your kitchen, adding a home office, or tackling other projects?
Elvon Bowman
New Investor looking to scale immediately
2 January 2025 | 8 replies
While I don't actively work with commercial deals I work with our commercial broker in our office to connect my clients.
Trace P.
Expanding to Cleveland - Lorain - Euclid and surroundings, looking to connect!
30 January 2025 | 6 replies
Looking to connect with any investors, realtors, property managers, contractors, wholesalers etc from the area :) Feel free to comment or DM!