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24 January 2025 | 10 replies
There are a couple of ways that you can address the 1031 Exchange deadlines.
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27 January 2025 | 23 replies
Working with a retiree couple right now in Carson City, and closing an 8 plex for a client down there in about a week.
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19 January 2025 | 269 replies
I arrive in Portugal a couple of days ago.
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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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30 January 2025 | 34 replies
I used SunCoast for a couple of my properties.
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19 January 2025 | 5 replies
Hey @Patrick Braswell You shouldn't have any issues getting a DSCR loan as long as you have at least 1 borrower who owns 20 to 25% of the property, or if a couple of you can get to that level combined.
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18 January 2025 | 21 replies
Towards the end of the year I was down to my last couple of grand until I had finally seen the results of my prospecting throughout the year.
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14 January 2025 | 19 replies
What's your schedule look like in the next couple days?
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16 January 2025 | 2 replies
It seems like PSI has grown, a couple landscape companies that way either sold or partnered with PSI because these landscape companies no longer do snow removal and refer people to PSI.
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23 January 2025 | 24 replies
I have a couple of buyers that will purchase without due diligence.