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20 May 2024 | 32 replies
But, a nicely designed and painted house with well thought-out accent walls, etc may subconsciously contribute to my higher classifying in quality and condition, which may somewhat influence value, but not necessarily significantly.Good luck!
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18 May 2024 | 7 replies
You can also try posting on the classified section of BiggerPockets
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21 May 2024 | 138 replies
Although it does state towards the top that rental activities, even if there's material participation, are still classified as passive.
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15 May 2024 | 3 replies
I have some rentals and have more depreciation than what they rent for so if I was able to classify the new construction as passive income, I could then use the "losses" from my other passive investments to help offset the income.
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15 May 2024 | 1 reply
For newly constructed, purchased or renovated properties and also retroactive generally over the last 10 years, building components are properly classified into individual units of property and accurate recovery periods for computing depreciation deductions.
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14 May 2024 | 12 replies
Defining the class of the neighborhoods is the tough one to start that grade C out for...I have some clients unused to the mid-west who are used to high-end suburbs who consider our better areas a B- area.Personally, I classify the C- anything I verify I have easy access to my spare magazine before I enter a vacant property.
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14 May 2024 | 21 replies
I seen deals marketed as Class B properties that I would certainly classify as C-ish, and yet have also described things as B, that others say "that's an A or A-".
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14 May 2024 | 13 replies
I am using an off market property database software but it isn't consistent bc this type of asset is classified differently by county.
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13 May 2024 | 9 replies
Garden city has a very small population size, the location would be classified as rural and this is essentially a non starter for most hard money lenders.
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13 May 2024 | 9 replies
While some lenders may consider breaking even as "performing," I personally wouldn't classify such an asset as performing.