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9 January 2025 | 5 replies
There are several companies that send letters and some are active on Bigger Pockets.However, I would caution you to set expectations appropriately.1.
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13 January 2025 | 6 replies
@Heather Bailey When house hacking with a separate rental unit, ensure proper insurance by obtaining landlord or short-term rental coverage tailored for Airbnb activities, in addition to your primary residence policy.
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25 January 2025 | 155 replies
They actively try to recruit people in mine.
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7 January 2025 | 8 replies
Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.
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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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14 January 2025 | 10 replies
Anyone actively flipping in LA/ SoCal?
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11 January 2025 | 4 replies
I’m actively analyzing the demographics and rental trends in the area to ensure these upgrades aren’t just attractive but also functional and desirable.
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14 January 2025 | 25 replies
.#1 I would call the city rentals department directly and ask if the seller's license will remain active until the day yours becomes active.
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16 January 2025 | 11 replies
We are (mostly) in FL with 62 active in FL. 5 Counties + State for FL and one in NJ.
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2 January 2025 | 0 replies
Home Alone is your favorite Xmas movie.