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9 January 2025 | 5 replies
When you go with a company, it may be a month before the mailing goes out since they stage and batch the mailings in order to use bulk mailing at the post office.2.
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8 January 2025 | 14 replies
Find a decently priced loan officer or two and stick with them.
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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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17 January 2025 | 19 replies
I have worked as a commercial loan officer in the past and obviously deal with lending as an investor, but as I have stated, this sort of LOC is a bit new to me.
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12 January 2025 | 8 replies
Thursday Dec 12th, 5:30 pm at my office 4103 S Texas Ave Suite 105 Bryan TX
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11 January 2025 | 4 replies
For example, incorporating energy-efficient solutions and smart home technology has been a game-changer in similar markets, especially when paired with features like office spaces that cater to remote workers.As for potential add-ons, corporate housing partnerships are a brilliant suggestion!
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17 January 2025 | 9 replies
Start by talking to a bank/loan officer to see how much you can borrow.
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27 January 2025 | 23 replies
With a push to bring more manufacturing back to the U.S. and more employees returning to office work, there will be a greater need for mass transit solutions rather than building more roads lowering the quality of living if you want that SFH with a yard.
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9 January 2025 | 2 replies
Sounds like you are getting hit with a lender who has overlays and possibly miscommunication between the loan officer/processor to the underwriter.
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8 January 2025 | 6 replies
It’s in pretty good shape at this point, rentable.I travel a lot for work, and a friend gave me the idea to do a short term rental as a one bedroom, locking all of my stuff in the other bedroom and office - I applied today and was denied because I don’t own both sides of my HPR, even though I have written permission from the owner of the other half….