Allen Berrebbi
Former visitor looking to invest in Peoria IL
6 January 2025 | 7 replies
Investing in Peoria sounds intriguing, especially since you’re drawn to the area and its industrial charm.
Arun Philip
2025: How to tap into OPM
5 January 2025 | 5 replies
End goal is get into the commercial housing and industrial.
Iyke Victor
Jerry Norton and Peter Conti...Legit or not?
1 January 2025 | 15 replies
Anyone dissing Jerry, or anyone else out there who is genuinely putting in the work and deserves every penny they EARNED - In addition to dropping gems that are unmatched in the industry are either under a rock, or don't know what they're talking about because they haven't put in 2 mins of the work to give the man a chance.
Jamie Parker
Vacant Lot Purchase
8 January 2025 | 7 replies
Also with plans to reduce industrial "intensity" in and around residential areas.
Nhan Phan
Learn how to find profitable long term rentals
15 January 2025 | 6 replies
Wishing you luck as you learn and grow in this industry!
Theodore Sutton
Looking to connect with real estate investors!
11 January 2025 | 6 replies
I am looking to connect with people in the industry who are proactive and looking for their next project.
Angilese Reyes
In Need Of Wholesaling Advice!
10 January 2025 | 1 reply
I know this industry may be hit or miss, but if anyone can drop any kind of advice that would be great!
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.
Abigail Lincoln
First Home Investment
12 January 2025 | 0 replies
I worked with an agent who was okay but I became an agent myself because I became so interested in the industry and want to help other people build wealth and become investors themselves.
Joshua Simmons
Introduction to myself
14 January 2025 | 2 replies
For 20 years I have been in the oil & gas drilling industry. 3 years ago, I became a drilling consultant and started my own business.