Kathy Creighton-Smith
LoanBidz lending reviews
23 January 2025 | 15 replies
But in terms of the company you asked about a quick search shows there are a lot of people that are not happy with the service.
Sundone Boutvyseth
First investment property for less than 10% down
31 January 2025 | 22 replies
I would do you due diligence but I have seen others use it to purchase non -owner occupied properties.
Bruce D. Kowal
What REALLY Triggers IRS Attention in Real Estate Partnerships - From An Onlooker
29 January 2025 | 6 replies
The allocation was non pro-rata.
Account Closed
Will a seller financed deal show up on buyers credit or considered on debt to income?
14 January 2025 | 7 replies
It may or may not show on a credit report, depends on the servicing and you should have the loan serviced.Failure to include the debt on a future loan application is mortgage fraud, wanna go to jail?
Travis Timmons
AirDNA top STR markets to invest 2025
25 January 2025 | 25 replies
Quote from @Collin Hays: From a macro standpoint, cash flow is difficult when servicing debt, at least in the early years.
Murtuza Khoja
Considering buying a STR in Kissimmee
29 January 2025 | 3 replies
Most PM's here charge 15-20%, most are 20, but will depend on what services they offer.
Makani Donaldson
STR in Hawaii
8 January 2025 | 10 replies
You have to find the areas that are either zoned for Hotel and Resort or have NUCs (non-conforming use) certificates.
Miguel Garcia
Out of state investing
14 January 2025 | 5 replies
You can often get better rates with a national lender, but the customer service is non-existent, communication probably sucks, they may ask for the same documents multiple times, etc.
Laura Kreinbring
Which form or notice should I use to end lease with tenant
26 January 2025 | 14 replies
There were lease violations disrespecting the other neighbor's leased space and harassing the other neighbor and they smoked in the property against lease, lied about conversations, has made up stories about plumbing issues that plumbers couldn't find causes to, tried to get a dehumidifier and force me to pay, accused me on two different occasions very agressively in regards to the heat/electric service.
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.