All Forum Posts by: Jon Behlke

While every person's situation is different, generally I Section 179 as much as I can for my clients.  This will allow you to expense these costs rather than capitalize them.  Currently the limits on Sec 179 are $25,000, but I am assuming that limit will be bumped up to $500k like in prior years.

Hello All!

My name is Jon Behlke and I am an accountant by trade who has found himself in a real estate dealing with my in-laws.

My father-in-law has been a lower income landlord for 40+ years in Uniontown, PA and surrounding vicinity.  So when I found a house for sale about 3 miles from my family home at a dirt cheap price, I got to thinking, maybe I could fix this thing up and rent it out.  Long story short, my father-in-law went with me to check out the house, and when we left he said, "we're buying this house."  So he's purchased the house, and I am going to have some as yet determined stake in this property along with my 2 brothers-in-law. 

Thought I'd join after reading many great posts and articles here, so that I may take the equity from this project (which is now turning into a flip) and start down the road of real estate investing.