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21 January 2025 | 14 replies
Think multi unit residential, commercial properties, or purchasing houses “subject to” existing mortgage.
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25 January 2025 | 26 replies
Problem working with regular buyers is you take them all over the place and can only take one out a weekend at a time unless using a bus tour,etc.I focus on commercial and not residential but I know it pretty well.
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10 February 2025 | 59 replies
I insured a residential property that we are renovating with Obie.
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16 January 2025 | 4 replies
Martin They get a bank loan, but most do not start out in MF, they start out in residential.
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5 February 2025 | 205 replies
I also enclose below the text of the relevant section for ease.https://www.flsenate.gov/laws/statutes/2020/553.79QUOTE(14) A building permit for a single-family residential dwelling must be issued within 30 working days of application therefor unless unusual circumstances require a longer time for processing the application or unless the permit application fails to satisfy the Florida Building Code or the enforcing agency’s laws or ordinances.UNQUOTEThe previous link to the City of Cape Coral citizens portal lets individuals see permit details for a specific property address, the progress with applications, and if not using a private provider the status of inspections.
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21 January 2025 | 14 replies
It would be far better for you to join NARPM - National Association of Residential Property Managers SE Virginia Chapter and join as an affiliate.
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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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15 January 2025 | 3 replies
@James SillsFrom my experience working with investors, transitioning from residential to commercial real estate (CRE) is an exciting and achievable goal with the right foundation.
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11 February 2025 | 25 replies
As a work around, we use a residential building and mark rents as commercial income.
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18 January 2025 | 15 replies
I have an extensive background in residential construction, having built several properties from the ground up, and I’m looking to focus on either fix-and-flip projects or a niche market for small residential homes in my area.