James Wise
Failed Leadership is why California is on fire.
23 January 2025 | 165 replies
Although some people will yell that 'this is mean, of those poor people' it has to be done like this.
Meir Ben-Yechiel
Question About Investment Goal Strategy
8 January 2025 | 5 replies
5k a I don’t mind if it takes a few years, and I’m willing to be as actively involved as needed to achieve my goals.
Jonathan Greene
5 Reasons You Aren't Making Connections With Clients on BP as an Agent
30 December 2024 | 12 replies
Those agents have their ego at the expense of the relationship, and there are such agents actively participating in this thread.
Roman Balmakov
Should I Buy a Cashflowing Multi-Family That has Permit Issues?
17 January 2025 | 7 replies
What's the process of getting retro-active permits on work like this?
Bryant Xavier
How to get in touch with fix and flip investors?
31 December 2024 | 5 replies
Your goals will define the route you take on this but building a list for buyers/investors is a time-intensive activity and the list is a living and breathing document.
Steve K.
Anyone Else Fed Up With Loan Servicing Companies?
8 January 2025 | 33 replies
This is a highly regulated activity by the CFPB.
Jack Larkin
Lee Arnold's Capital Syndicate
21 January 2025 | 74 replies
They repeatedly expressed dismay and said that very few people ask for a refund.
Rebecca Cho
Excited (and Nervous!) to Start Our Real Estate Investment Journey
13 January 2025 | 25 replies
I’m here to learn as much as I can, meet like-minded people, and get advice on making a solid first deal.
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.
Basit Siddiqi
Investing in Spain: Good idea for non-residents(Americans)?
23 January 2025 | 31 replies
There are also horror stories about people loosing their property in Spain.