Paul Lucenti
Closed on our 9th property
29 January 2025 | 7 replies
Any tips on creative ways to scale?
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.
Eric Coats
Running STR #s for Newbie
29 January 2025 | 20 replies
Then you subtract your expenses: (1) Fixed cost: property tax, STR insurance, utilities, landscaping, etc
Marcus Stokes
fix and Flip
18 January 2025 | 21 replies
Any tips or insights would be greatly appreciated!
Tiarra Delaney
New to Real Estate Investing: Advice on Next Steps for Cash Flow and Business Setup
25 January 2025 | 6 replies
Are there strategies, financing tips, or resources you’d recommend for someone in my position?
Philip Beckwith
Appealing property taxes
27 January 2025 | 15 replies
Quote from @Philip Beckwith: Does anybody have any tips on how to successfully appeal property taxes?
Marc Shin
Airbnb first photo tips - what should be on the first photo?
31 December 2024 | 14 replies
Paging @Garrett Brown our resident STR specialist - what say you about tips for lead photos on listings??
Camille Romero
Real Estate Advice Needed
22 January 2025 | 31 replies
If anyone has advice—whether it’s general tips or insights about these markets—I’d really appreciate it!
Arron Paulino
Update on Out-of-State Properties For Sale
21 January 2025 | 5 replies
Really looking for tips on what to do from investors who have been in this type of situation.
Ryan Treacy
What Do I Need to Know to Be a Landlord in Indianapolis, Indiana?
21 January 2025 | 4 replies
Practical Tips for Managing PropertiesFinding Good Tenants: Screen thoroughly.