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5 November 2024 | 39 replies
If I had a million dollars, I'm not buying someting on the ocean down there.
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1 November 2024 | 0 replies
Section 179 of the Internal Revenue Code allows businesses to deduct the full purchase price of qualifying equipment and software up to an annual limit.In 2024, for example, taxpayers can expense up to $1,220,000 of qualified assets.This election can apply to many types of tangible personal property, such as machinery, equipment, and off-the-shelf software, which are used predominantly in your business.Limits on Section 179 ExpensingAs attractive as Section 179 may seem, there are limits.For tax year 2024, the maximum investment limit is set at $3,050,000.If your business places more than this amount in service, the amount you can expense is reduced dollar-for-dollar over this threshold.In addition to the dollar and investment limits, the amount of your Section 179 deduction cannot exceed your taxable business income for the year.This means that even if your business invests heavily in qualified property, the deduction could be limited by the business’s profitability.Also, not all property qualifies for Section 179.Real property, like buildings and structural components, generally does not qualify unless it is "qualified improvement property."
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4 November 2024 | 34 replies
Hi David, Some people honestly do not like jumping through hoops just to go see a property or entertain offers as it just becomes a headache to gather stuff.On the other hand, if its a luxury property or something worth a couple million, wasting time on non qualified borrowers is something to also consider.What is the listed price for this property?
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4 November 2024 | 26 replies
This is generally code for they invested $25k in a sponsor's project among a few million dollars of syndicated preferred equity capital and it generally is in some type of hoped-for reposition project.
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1 November 2024 | 18 replies
I had let my guard down and given a tenant the benefit of the doubt (a tenant who is (now was) a CEO and raised millions of dollars for a newsworthy venture).
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1 November 2024 | 4 replies
They will fund all of my deals for the first year up to 25 million per deal.
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31 October 2024 | 1 reply
Broken Arrow has good schools and a suburban feel, making it attractive for families, which could give you stable tenant demand.
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31 October 2024 | 6 replies
Detroit is coming up big time, but it's still flying relatively under the radar.Suburbs are getting increasingly expensive while the city is getting stronger and more attractive to move into.
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30 October 2024 | 4 replies
That leaves millions of middle-income Americans with little choice but to keep renting, helping to keep overall rents high.Some cities and states are enacting new laws to aid tenants facing eviction.
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31 October 2024 | 0 replies
This search term will more likely attract potential home buyers.As we all know, targeting buyers can be a waste of money when competing in this competitive market where each investor/wholesaler is fighting for the next best distressed seller.Now, what else is this advertiser doing wrong with their ad?