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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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22 February 2025 | 109 replies
I mainly invested with them because Brandon Turner was running it.
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14 January 2025 | 18 replies
Quote from @Garrett Brown: Hey @Josh Ball , this is basically what I do on the most successful properties I have ever had. www.cameronranchglamping.com It mainly depends on a few things.How close are you to a metro hub/ activities?
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6 January 2025 | 25 replies
Once you find a pitbull friendly policy you will find it excludes animal liability, thereby defeating the purpose of pitbull friendly insurance.
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22 January 2025 | 9 replies
The main hospital and Bayview are commutable from Dundalk.
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15 January 2025 | 12 replies
Setting up direct bookings is a great way to save on fees, but you’re right—it requires extra effort to ensure everything runs smoothly.For vetting guests, start by asking a few questions when they inquire, like the purpose of their stay, how many people will be there, and if they’ve stayed in short-term rentals before.
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15 January 2025 | 12 replies
Quote from @Zeona McIntyre: Hey @Blake Winiecki I imagine you live in Florida but I would reconsider investing the area for one main reason - climate change.
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21 February 2025 | 182 replies
We purchased two of the pre-construction SFR in FL ( from two different builders) in purpose of Buying and Hold for gaining aapreciation.
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13 January 2025 | 1 reply
Principal balance currently at 314kProperty Details: It's essentially a "2-in-1" property, with the main unit rented out for $1,900/month and an attached ADU bringing in an additional $1,200/month.
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13 January 2025 | 1 reply
The main challenge was timing the listing perfectly, but with careful planning, we ensured a swift sale.