All Forum Posts by: Harpreet Singh

Thank you so much guys for your valuable information. I think based upon your suggestions and the results, it seems like price is the factor. I am decreasing it to genuine now. I realized it was overpriced. My agent actually told that it did not hurt to put it at higher price.

Hello guys,

I have radiator heating with oil tank (above ground) in my home which I put on sale. It's been 44 days now and I have not gotten any offer. Most of the people don't give specific reasons for denying but give general reasons.

At this time I started thinking that it might be radiator heating plus oil tank which is causing problem.

So please help me if I'm correct or not.

I would appreciate any suggestion or help.

@Yonah Weiss thank you so much for clearing doubts.

@Yonah Weiss Thank you. You even made technical terms clearer to me.

So we can't do that by ourselves but from a quality engineer. Good thing to learn about.

Can a contractor or a property inspector be that quality engineer?

Hi folks, 
As we know residential depreciation is 2.5% (cost of building/27.5) and commercial real estate depreciation is 3.6% (cost of building/39).
Is it true that components(contents, landscaping, improvements etc.) related or tied to the building have depreciation of 20%  of cost of components of building.

For example:
If we purchase a residential building for 800k and 200k is land cost then building structure for depreciation equals 600k.

Further out of 600k, the total cost of components which depreciate faster may cost 50k (may be 100k or something else but I am not expert in that). So now here is our depreciation calculation :
(550k x 2.5/100) + (50k x 20/100) = 23,750

I have heard and seen many people, CPA's or tax filers don't do it.
I am really impressed with 20% components part.

@J Scott

I'm beginner in rehabbing and flipping.

I'm reading your book "The book on flipping houses" and loving it.

Thank you so much for putting everything together and in sequential way.

My next read would be your next book related to estimating rehab cost.

It's good to invest on your education but only if that really makes sense. I would rather say that instead of spending 20k on just education and the ideas or help they promise you (which I have seen from their meetups in NYC where they mostly focus on ecommerce like stuff means enroll you and then make you enroll others), find someone here on biggerpockets, be his/her partner and invest that money in some small project as downpayment.

I would rather follow online platforms and start looking for real properties and go and watch them to get some ideas about what's going on in RE.

@Collin Schwartz thank you so much for posting as this is extremely helpful. I also wonder how did you finish a book like Rick dad poor dad in just 2 days. I need to learn those skills because books give you thorough knowledge. :)

Is Fundrise better than other investment apps like Betterment or Acorns? I'm not trying to ask from REIT point of view only but in general. So please give your valuable experienced views on this.

Thank you @Omar Khan and @Matt Millard. That projects more real picture.