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27 January 2025 | 11 replies
Proceeds to segregated account to be disbursed ONLY on rental property improvements and expenses to preserve the deductibility of interest on your Schedule E.
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16 January 2025 | 6 replies
There is some future Infrastructure improvements taking place, which can/cannot impact the property ROI.
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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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19 January 2025 | 18 replies
I don't know how to post documents to my profile yet or if that's a thing but I just made a 4 page ASR package based off of another site.
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14 January 2025 | 1 reply
And I would like to stretch it out longer to improve cash flow.
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13 January 2025 | 11 replies
. -- Thus, you can expect to get Class C or D tenants, which have a 15-25% probability of defaulting on their lease payments.2) If your PMC is lowering FICO to 550, what are they doing to improve their screening in other areas?
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12 January 2025 | 6 replies
Also showing almost a 20% CoC return, which in my research I've found to be a highly ideal number for investors.Is there something I could improve on with this report or fix?
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13 February 2025 | 42 replies
Paying a reasonable amount to assist in one's life improvement is not a bad thing, just don't do nothing else thinking this one thing is the 'cats pajamas' as DG likes to say.
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12 February 2025 | 9 replies
•I’d also ask: Does this area have ongoing flood control improvements?
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29 January 2025 | 10 replies
To further improve cash flow, look into doing MTR(travel nursing) or if possible STR(more risky).