All Forum Posts by: Terence King

@Michael Greenberg I am moving in the Vacation rental direction as well.  I have projects on the books for my portfolio over the next 18 months for Hawaii, Vegas and would like to pick onother up in Washington to vacation rental.  I am building the structures with my Construction company and would love to get into a group looking at similar builds across the west coast and into the Pacific islands.

My company designs and builds buildings, bridges...etc.  The majority of our contracts are for the Department of Defense however the 179D deduction is related to energy efficient projects.  In order to take the deduction you have to hire a firm that specializes in preparing these deductions to do the study on your projects and then the paperwork to file with your returns.  You can go back several years if you have other projects that were never claimed.  Assuming that you meet the criteria for the deduction you can get up to $1.80 / sf as a taxable deduction.  If you or your company has done some energy efficient buildings or improvements to buildings it's worth looking into.  

thanks Seth,  we we're able to get a nice 179d deduction, paperwork is going through now on buildings we completed in Prior years.

Offices

Aside from the 179D is anyone finding financing or tax benefit/credits for energy efficient projects?  Thanks in advance

Anyone finding longer then 20 year fixed on the commercial side?  Thanks in advance

How big is your project @Peter Grote?  What trades do you need?

Hello @Rob Terpilowski, the best thing to do is to schedule a meeting with planning and development.  Doesn't take long to get an answer.  I was working through feasibility on a commercial piece of property on the Thea Foss and had no problem getting a meeting scheduled with the necessary planning people all in the room. 

Anybody in the Tacoma area with experience on Market research for various real estate products ie. storage units, strip malls, multi-units (private and commercial)?

@Cj Juan I have formed quite a few Joint Ventures with other business owners pursuing contracts from Hawaii to Statten island.  In my opinion two things go a long way in business, honesty and a clear and easily understandable plan that results in profits.  If you expect people to act in their own best interests you will very rarely be surprised.  Create a win-win scenario and explain it in simple and straight forward approach, if they trust you the rest is paperwork.  Cheers