![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2946465/small_1707831299-avatar-maxs234.jpg?twic=v1/output=image&v=2)
22 January 2025 | 5 replies
I personally don't mind cooking on electric but I will say that cooking on propane is different than what most people know which is natural gas.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3119902/small_1726512403-avatar-recostseg.jpg?twic=v1/output=image&v=2)
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.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/182136/small_1728924093-avatar-scotttrench.jpg?twic=v1/output=image&v=2)
5 February 2025 | 9 replies
But I do see many groups just now learning the true nature of social media.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3173955/small_1737722914-avatar-arthurt53.jpg?twic=v1/output=image&v=2)
12 February 2025 | 17 replies
I've already picked up some great tips, like focusing on operating costs, using comps for ARV, and the unicorn-like nature of good contractors.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2607337/small_1695222918-avatar-pacstrollc.jpg?twic=v1/output=image&v=2)
30 January 2025 | 8 replies
The recent surge in natural disasters has created an "Armageddon effect" on the real estate industry.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/493381/small_1621479164-avatar-timb56.jpg?twic=v1/output=image&v=2)
10 February 2025 | 30 replies
Low property taxes (1.1%) and not a lot natural disasters as well.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/365517/small_1642102211-avatar-chrishu87.jpg?twic=v1/output=image&v=2)
8 February 2025 | 7 replies
Heating costs go up in winter, as does electricity due to the reduced natural light and more people indoors.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2838182/small_1735874027-avatar-codyc321.jpg?twic=v1/output=image&v=2)
18 January 2025 | 3 replies
Let me explain...Houses naturally have an aesthetic to them when they are first built.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3178225/small_1738527226-avatar-richardr507.jpg?twic=v1/output=image&v=2)
7 February 2025 | 10 replies
@Richard Rafferty, given the relatively small nature you are looking to take on with your first syndication, personally, I would find it hard justify the typically 20-30k+ for a paid mentor.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2904712/small_1737761963-avatar-michaela1574.jpg?twic=v1/output=image&v=2)
28 January 2025 | 9 replies
That's just the nature of this business.