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12 January 2025 | 5 replies
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.
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17 January 2025 | 19 replies
Context matters: for some apartment buildings that compete head to head with a very similar property just down the street, this may be a good strategy.We rent premium single family homes and I have never offered an incentive.
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13 January 2025 | 5 replies
The marketing copy and photo captions, professional photos, and weekly activity on the OTA listing, makes a big difference in bookings.
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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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8 January 2025 | 5 replies
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.
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29 January 2025 | 24 replies
Additionally, you could also check with your insurance provider to confirm there's no active risk and provide that documentation to the lender as reassurance.
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7 January 2025 | 16 replies
No off-street parking = not worth doing MTR unless it meets all of the following: super urban area where no parking is the norm, highly desirable area with a ton of MTR demand, super safe part of the city, and has great public transportation (think NYC, Hoboken NJ, etc.)Unless it meets all of the criteria above, I pass on those opportunities because my MTR will be eliminating the many people that travel with their vehicles.
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14 January 2025 | 1 reply
While my husband and his ex make a similar income and do not exchange child support due to us pointing that out in court a couple of years ago, she actively request all financial documents that she possibly can and examines our taxes, etc.
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9 February 2025 | 119 replies
There is an active movement now to get this to the DOJ and state AG's.
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20 January 2025 | 7 replies
A vacation rental could generate higher returns but requires more active management.