Say's it whatever active REI model.

Are your real estate investments active or passive?

I am actively looking to remodel or build a 8 to 10 RAL in the Houston area.

I am in a pickle right now because my mom is turning 80 and not very active.

I’m looking to raise $160,000 to cover the purchase, renovation, and activation of this new Airbnb property.

5k a I don’t mind if it takes a few years, and I’m willing to be as actively involved as needed to achieve my goals.

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.

I currently have sold a few residential homes in my time as a realtor, but I'm more-so looking to become an active real estate investor and agent.

Typically a real estate agent can service four times more listings then active buyer clients with the same amount of time commitment.Marketing to buyers usually leads you to buyers.

As you start closing deals, you will need to reinvest your profits into mailing lists and other scalable activities to grow your business.