Aiden Potter
I'm starting wholesaling and doing my first deal
27 January 2025 | 1 reply
Know your close date and time line to turn the EM.
Tim Tafel
How Does Comping Software (Privy, Propwire, Propstream) Get Their Data?
15 January 2025 | 3 replies
Paid platforms often offer additional features like market analytics, off-market property leads, and filters for investor-specific criteria, giving them a leg up over free options.Exactly, most platforms have to offset cost somewhere because of how expensive it is to keep the data up to date.
Jerry Maze
Investor friendly Title Companies and Closing attorneys
5 January 2025 | 5 replies
Mobile closing anywhere?
Tom Dieringer
Giving VRBO a head start on Airbnb
28 January 2025 | 19 replies
I would limit the open calendar days on VRBO to maybe only 30 or so out so as to not cause any/many issues (having too many dates show as booked) when I subsequently go live on Airbnb.
Cameron Marmon
Did I mess up when establishing this LLC for my wife and I?
28 January 2025 | 11 replies
However, when I requested our EIN the letter stated, "Based on the information received from you or your representative, you must file the following forms by the dates shown.
Scott Johnson
Scammed by "Estate Legal"
28 January 2025 | 14 replies
After that, they sent a few messages mentioning they were working with a couple of probates and would get back to me.To date, I haven’t received anything, and my attempts to reach them have gone unanswered.
Nancy Kittleson
finding insurance with open claim and public adjuster invovled- rental
27 January 2025 | 1 reply
I am supposed to be having mediation with the public adjuster and insurance company- upcoming- but I don't have a date yet.
Kenneth T.
Had anyone heard of Cogo Capital?
27 January 2025 | 29 replies
They're also happy to commit to whatever your closing date is and blow right through it.
Roger Flot
Updated Insurance for renovated property
21 January 2025 | 10 replies
Older homes will typically have systems that are out of date - even if only partially.
Melanie Baldridge
What is MACRS classification?
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.