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31 January 2025 | 26 replies
I did my usual response asking if they have been to the area before, bringing a dog etc. with no response.
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29 January 2025 | 107 replies
For C/C- neighborhoods you usually need to scale to 10+ doors; it's a numbers game.
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14 January 2025 | 11 replies
There is plenty in Boston and i usually go to the Worcester meet ups.
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26 January 2025 | 3 replies
This hurt apartment demand as a big attraction to apartments is usually their convenience to the metro and people’s offices.
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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.
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15 January 2025 | 27 replies
While I have not done a deal with them, their agreement requires a close timing that simply will not work with conventional lenders (usually 7 days or so).
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21 January 2025 | 10 replies
I'll usually eat $100 - $200 worth of touch-up cleaning for a long-term tenant.
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17 January 2025 | 5 replies
As usual in most responses in this forum you are getting conflicting information.
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7 February 2025 | 25 replies
guys...it's unusual to buy an STR here, so usually houses are sold unfurnished.
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15 January 2025 | 11 replies
Something many new investors don't think about is that property managers usually negotiate volume discounts for some of this stuff.