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Results (10,000+)
Jonathan S. Passive Real Estate Investing
15 January 2025 | 10 replies
This is the same process a national retail store chains use to determine store locations and what to stock.
David Jesperson Fix and Flip First Experience
17 January 2025 | 5 replies
Don't split the work between multiple contractors if possible, finding one to do all or most of the work will keep prices down.Challenges were finding replacement pieces for certain items as manufactured homes were very different than stick built as well as going through state guidelines for affixing the house to the land Hey @David Jesperson, welcome to the BP Forum and congrats on completing your first solo deal AND making a nice profit!
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.
Marc Shin Should I get extra insurance outside of Aircover?
13 January 2025 | 16 replies
The poster was asking about broken/damaged household items and guests destroying a rental. 
Youssef Pullman Dallas , Houston market insight
9 January 2025 | 2 replies
This is verified based on the good schools, department stores opening up (Costco, Target etc.) as well as verified investment from Jerry Jones (Dallas Cowboys owner) and the city to grow the population.
Stephanie Menard Expensive lesson by leaving one clause out of rental agreement
19 January 2025 | 41 replies
I think the removal of toilet seat and items bolted to the walls show malicious intent as well.
Yvonne Wang Example of a contractor contract and work list?
4 January 2025 | 3 replies
I'm wondering how much specifics I need to include for each line item
Grant Schroeder Gratitude for Growth in 2024! On to 2025!
6 January 2025 | 0 replies
Big things are in store!!
Gregory Schwartz How do you protect yourself from TCPA violations and Do Not Call List lawsuits
15 January 2025 | 5 replies
The complaint has a list of items they are suing for.
Pankaj Malik Tenant threatening to sue and wants to extort money
19 January 2025 | 27 replies
Per him, Judge will see how unreasonable he has been in his itemized list and not award a windfall anyway.