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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 | 12 replies
Nature campaigns, direct mail, text services, accounting, etc all in one place.
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28 January 2025 | 9 replies
That's just the nature of this business.
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12 February 2025 | 3 replies
And, because flips are already risky enough I don't want to add more risk.So, again, while the numbers are theoretically true, if you are doing that kind of volume, you are by nature becoming less selective.
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28 January 2025 | 2 replies
Meanwhile, staying put and letting your equity grow naturally might be the simpler, less risky option for now.At the end of the day, this comes down to your cash flow.
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18 January 2025 | 3 replies
Let me explain...Houses naturally have an aesthetic to them when they are first built.
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13 February 2025 | 17 replies
Besides, Lorrie Morgan was no Patty Loveless or even Pam Tillis :P And I liked her husband better anyway; frankly, if he hadn't died I don't think anyone would even know who Lorrie Morgan I agree that Lorrie was not the natural talent that Patty was (best ever, IMHO), but she did have a pretty serious voice.....helps to have a famous and successful Dad and go on the Grand Ole Opry at age 13 !!
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9 February 2025 | 36 replies
This will build naturally and organically.When I started, I had nothing, knew nothing, and knew no one.
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15 February 2025 | 77 replies
It is a comment about the nature of the person nothing more.
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2 February 2025 | 2 replies
Many are also tired of homeless issues, politics, and now more than ever natural disasters.