Julio Gonzalez
Asset Classifications for Cost Segregation
7 January 2025 | 6 replies
Non-tangible property includes buildings, land or other inherently permanent structures.I get a lot of questions on which group specific assets belong in, so I put together a list to help.Non-Tangible PropertyBuilding (27.5 or 39 Year Useful Life)Land (Non-Depreciable)Paved Parking Areas (15 Year useful life)Swimming Pools (15 Year useful life)Fences (15 year useful life)Bridges (15 year useful life)Exterior Landscaping (15 year useful life)Docks (15 year useful life)Sidewalks (15 year useful life)Tangible Personal PropertyMillwork or decorative trimCarpetAir Conditioning equipmentShelving, cabinets and display racksAccordion doors and partitionsWall coveringsInterior landscapingNeon or other signsDecorative and business specific activity light fixturesGenerators, machinery and kitchen equipmentWindow treatmentsWhat other questions do you have regarding cost segregation?
Makani Donaldson
STR in Hawaii
8 January 2025 | 10 replies
The regulation was ruled illegal and a permanent injunction was issued.
Jerry Callow
Short Term Rentals in SF
2 January 2025 | 5 replies
Here is some info: SF STR FAQAssuming the info is up-to-date, it must be your permanent residence (you must live at the property for a minimum 275 days a year), you can rent unhosted a max of 90 nights a year, you need a business license, and you need to pay the city $925 for a STR certificate.
Stefano Vrolijk
First investment property as a foreign citizen
12 January 2025 | 12 replies
You may also need to provide additional documentation, such as proof of income and employment, and may need to have a co-signer who is a U.S. citizen or permanent resident.In terms of buying with an LLC, it can be a good option for some foreign buyers, as it can provide additional liability protection and potentially offer tax benefits.
Diandre Pierce
Mobile home park opportunity
12 January 2025 | 7 replies
Private lenders or even creating a small syndicate with a group of investors might also be worth exploring, especially since you can point to your uncle’s track record and your own experience managing rentals as a selling point.If timing is tight, you could look into a bridge loan to secure the property while figuring out a more permanent solution.
AJ Wong
Ten Real Estate and Economic impacts of the LA Wildfires
16 January 2025 | 4 replies
They own another property in Michigan and are leaving SoCal this week…permanently.
Tom Dieringer
Giving VRBO a head start on Airbnb
28 January 2025 | 19 replies
Looking for thoughts on a strategy to help VRBO not get immediately buried by Airbnb and be permanently assigned to an “also ran” capacity.
Benjamin Carver
Building an ADU in Raleigh NC: Here's What You Need to Know
6 January 2025 | 8 replies
And as investors we should know this, but always anticipate higher costs and longer waits.EXAMPLE Breakdown of Costs:Plan Purchase: $1,500Permitting Fees: $2,500-7,500Site Preparation (grading, utilities, foundation): $20,000–$30,000ADUs require separate utility connections for water, electricity, and sewer but you can tap into existing utilities at the primary houseIn Raleigh you CANNOT split lots fee simple, so setting up completely separate utilities would not allow you to section off the ADU as of nowYour ADU must be on a permanent foundation (no wheels, no ability to move the structure)Construction (labor and materials): $100,000–$150,000Low-grade: $150–$180/sq ft averageMid-grade: $180–$220/sq ft averageHigh-end: $220–$250/sq ft averageLandscaping/Finishing Touches: $5,000Total Estimated Cost: $125,000–$200,000You could easily spend $200k+ with super end high finishes, custom designs, complicated sitework, adding a second story or more sqft, etc.
Elvon Bowman
First time acquisition
16 January 2025 | 12 replies
While I didn't want to stay there permanently, it was a stepping stone to build my track record.
Patrick Russell
Debt pay down with 401k
30 December 2024 | 2 replies
A permanent fix rather than just a bandaid.