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13 August 2024 | 3 replies
@Adam WimberlyPlease post your STR listing in the Classifieds page https://www.biggerpockets.com/forums/517
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12 August 2024 | 1 reply
Are you referring to the Market Finder tool or the classifieds section where you can post asks and offers for real estate services?
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12 August 2024 | 4 replies
Hi @Arya Chen you may have better luck if you post in the Classifieds section of the forum specific to the areas you're looking in because those forums are location specific!
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12 August 2024 | 0 replies
For newly constructed, purchased or renovated properties and also retroactive generally over the last 10 years, building components are properly classified into individual units of property and accurate recovery periods for computing depreciation deductions.
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10 August 2024 | 3 replies
This should only be in the classifieds section.
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9 August 2024 | 1 reply
@Tiffany Tran This question seems pretty location specific since every municipality has their own rules, I would recommend reaching out to someone who specializes in Philly, or perhaps posting in the classifieds asking for legal help in the Philly area!
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8 August 2024 | 11 replies
They are often classified as operating expenses or maintenance expenses rather than capital improvements (assets).Washer/Dryer/Stove/Refrigerator: These are assets as they are considered durable goods that will benefit the property over an extended period.New Baseboards/Trim, Doors: These are generally considered assets because they enhance the property's value and are not typically replaced frequently.Furnace/AC: These are significant components of the property and are categorized as assets due to their long-term benefit.Paint, Light Fixtures: These can be a bit nuanced.
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8 August 2024 | 4 replies
My judgement is that I thought you couldn't do 1031 on personal residences but I'm not sure how you're classifying the co-op you've bought (most people that buy co-ops use it as primary residence).
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8 August 2024 | 19 replies
I would classify Syracuse, Rochester, Buffalo as western NY.
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7 August 2024 | 5 replies
We classify our VA tasks in Tiers.Tier 1 - Simple Admin Tasks and IntakeTier 2 - TriageTier 3 - Front Office (Calls, Setting, Appointments, Follow-up, Lead Gen, etc.)Tier 4 - Back Office (Systems, CRM, Billing, etc.)Tier 5 - Subject Matter Expert Tasks (high stakes work) Most of our VA's do Tier 1 - 3.