Neil Narayan
Austin metro ranked No. 5 for one-way moves in 2024
10 January 2025 | 1 reply
The Austin metro was among the hottest destinations in the country for where people were moving last year, according to the latest annual ranking from U-Haul International Inc.Austin ranked No. 5 among the top U.S. growth metros in 2024, and Texas was the No. 2 state for move-ins — bested from the top spot after three consecutive years by South Carolina, according to data released Jan. 2 and Jan. 3.The Dallas-Fort Worth-Arlington area took the crown for the top growth metro in the recent list, followed by Charlotte, North Carolina (No. 2); Phoenix (No. 3); and, Lakeland, Florida (No. 4).
Steve K.
Anyone Else Fed Up With Loan Servicing Companies?
8 January 2025 | 33 replies
Big lenders like Flagstar that have a servicing component are currently using their servicing business insight to go after refinance business internally.
Adam M.
Has Anyone Imported Materials from China for a Rental Property Renovation?
22 January 2025 | 8 replies
We will shop for used appliances where we can when we need one… or pick up used cabinets if we can, or search eBay for something smaller, but going to the extreme of personally shipping something big in internationally for one-off renovation needs seems like a stretch of reasonable.Just like you mention, the number of unknowns would not seem to be worth it to me.Just my 2 cents.Randy
Henrry Novas
Looking to Connect with Spec Builders
10 January 2025 | 7 replies
we did the first 3 in a 18 month period we used internal funds so no debt.. these were 350k to 400k all in projects.. so U need cash to be a spec builder or you need investors if you dont have cash..
Gabriel Fung
Starting a Syndicate Fund on lucrative business model - Assistance Needed
5 January 2025 | 2 replies
If the project is in Canada then I would look to an attorney that understands international law as it could be more complex.Personally for something along the lines of what you are doing I would look to partner with another developer vs trying to raise the capital as that will be less labor intensive.
Tina Artigliere
Quest Trust Suddenly Closed down Administration on their Solo 401K Plans
17 January 2025 | 24 replies
That is, banks that are connected enough to have, umm, “fewer regulatory issues” and ex-employees or soon-to-be employees “regulating” them.
Tim Tafel
How Does Comping Software (Privy, Propwire, Propstream) Get Their Data?
15 January 2025 | 3 replies
Very few providers are actually internally sourcing all of their national real estate data—there is lots of copying and stealing.
Arif Gungorur
How to Do Zoning Research
16 January 2025 | 1 reply
I would guess that an employee in the zoning department could answer questions, too.
Charles Roberts
Who owns short term rentals in Japan?
19 January 2025 | 1 reply
We have two young boys who also enjoy Japan and hoping we can all begin to learn the language and possibly enroll them into an International School during the summers.
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.