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14 January 2025 | 10 replies
Anyone actively flipping in LA/ SoCal?
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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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5 February 2025 | 29 replies
I just appreciate the responses so far and hopefully the back and forth replies may be able to clarify and help investors who want to be more passive than active find investing opportunities that fit their personalities and their goals.
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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.
13 January 2025 | 21 replies
Their clear incentive is to bet on falling interest rates between now and debt maturity.A small handful of owners are forced to sell due to a looming balloon payment that a refi won't cover, but you're not going to find one of those by driving the market when any commercial broker can just look up properties on that basis and start making calls.
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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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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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24 January 2025 | 36 replies
They didn't actively advertiseour home on websites and we had low tenantresponse.
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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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7 January 2025 | 8 replies
An experienced broker with lots of choices at the palm of their hand is probably the best bet.