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7 January 2025 | 2 replies
Are there any key resources, platforms, or strategies you’d recommend for a beginner?
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29 January 2025 | 22 replies
That's a mobile app for small handyman repairs lol!
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16 January 2025 | 12 replies
I really appreciate BiggerPockets for being a platform where real people like yourself can pour into others.
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12 January 2025 | 12 replies
We are reaching out to this amazing platform for some help and direction to get things rolling.
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10 January 2025 | 4 replies
They often provide standardized lease agreements that comply with state and local laws.Additionally, many landlords use platforms like Avail, Zillow Rental Manager, or TurboTenant, which often include customizable lease templates that are state-specific.
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16 January 2025 | 13 replies
You can tinker with all sort of pricing strategies on the platform, but the key is figuring out your base price, which they help with as well.
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14 January 2025 | 19 replies
I know the founder and know that they've set out to build a platform that takes the best features of sites like Furnished Finder and Airbnb and leaves out the clunkiness and annoying policies and practices.
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27 January 2025 | 35 replies
I think BiggerPockets is an amazing platform for networking and learning from other investors.
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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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4 January 2025 | 4 replies
Unless the land is super valuable, probably not collateral for the mobile homes.