John Marchefka
Rehabbing land INSTEAD of houses??
10 January 2025 | 13 replies
Share cropping with a retail farm stand/farmer's market is one, if it's the right kind of land in the right location.
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.
Drew Curtin
Commercial and STR Management looking to GROW in 2025 - Georgia!!!
8 January 2025 | 1 reply
I used to own a large SFR management company I sold to Evernest in 2019 and I manage a Kroger SC and a set of retail condo suites for a client now but it isn't my thing.
Marcos Carbi
Advice Needed: Long-Term Tenants Behind on Rent – How to Handle?
18 January 2025 | 8 replies
Unfortunately, the husband lost his job about 8 months ago and, from what I'm told, hasn’t been able to secure another one—not even in retail or fast food.
Jamie Parker
Vacant Lot Purchase
8 January 2025 | 7 replies
The city wants to have "Neighborhood Anchors Points" consisting of Mixed-Use and Retail/commercialVisual of all land bank properties The area I will focus in.A break down of cost to purchase all Land Bank properties on each street.
Robert Zajac
Managing my manager - how to best approach maintenance requests
21 January 2025 | 10 replies
For example, my appliance store gives me a 10% discount, so I charge a 5% markup to my owners to make a little money and the owner still saves 5% from retail.
Shane Smith
Opinions on franchises
25 January 2025 | 8 replies
Without going into great detail, you are provided 50 motivated leads per month for 1/5th of the cost I have found from “retail” lead companies.
Tove Fox
Residential vs. Commercial Real Estate Investing?
5 January 2025 | 13 replies
I started with multifamily but price expectations have gotten out of control.Just refinanced my multi-tenant retail property and pulled out much more cash than I put in.
Carsyn Childress
Are wholesalers using BiggerPockets?
26 January 2025 | 11 replies
seems to be with the power of REI nation in the market place wholesalers would be lined up to present deals to U guys first .. invite them into your offices and give them the tour like you do your retail buyers..
Spencer Ware
Retired NFL Player 2x SB Champ
23 January 2025 | 47 replies
My one suggestion: do not conduct business with anyone (here or anywhere) without having your lawyer and maybe even your CPA reviewing all the paperwork.Also, stay far away from LPs.