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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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20 January 2025 | 242 replies
Its up to you the investor to realize this before you invest in these kind of vehicles.
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16 January 2025 | 13 replies
What kinds of tools/resources does everyone use for pricing?
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6 February 2025 | 42 replies
Short-term rentals are popular around the downtown area and surrounding neighborhoods, mid-term rentals are common to target traveling nurses and doctors from health facilities like Nationwide Children’s Hospital.I’ve also spent time living in Cincinnati and it has a lot of unique character.
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13 January 2025 | 18 replies
Not sure of very many places you can get that kind of return on a $1,000 investment.So, let's see...initial output of $1,000 ROI of $11,000...isn't that 1,000%?!
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7 January 2025 | 6 replies
Be sure to actually contact the landlord for verification—fake references are more common than you’d think.In-Person Meeting: Meeting potential roommates in person is a great way to get a feel for compatibility.
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9 January 2025 | 1 reply
Hey there.Wondering if anyone can provide some advice on what kind of indicators to look for on a neighborhood level.
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5 January 2025 | 6 replies
., longer-term, amortized, require escrow, commonly modified b/c of prepayments, etc.)?
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8 January 2025 | 5 replies
What is the kind of timeline you are looking for also?
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12 January 2025 | 8 replies
What kind of investment property are you thinking of going for?