I thought I bring this issue about Peter Harris back up .I was also told about the $10k start up fee .

Hey everyone, I’m working on a platform concept called RentKeep that focuses on providing property intelligence to help property managers make data-driven decisions to increase their NOI. This concept is currently in ...

That's why you are seeing Turbo tax is also not allowing to claim depreciation unit its put in service.But you can claim start-up expenses for your rental property upto $5K on your operating expenses.

If you had 50k in credit card debt for business startup costs (not real estate) with a 3-4-year plan to pay it off, high debt utilization in the meantime and a 620 credit score - but wanted to start investing in rental properties - what would you do with 20k that falls into your lap?

If you brought your spouse and 2 kids with you, and you could argue all of your argue of your time on the trip was looking at real estate, and your personal business and activity circumstance defends being able to immediately deduct it and not treat it as a start up cost... likely 75% of much of the travel costs (airfare, food, etc) would be non-deductible. 

It is unfortunately one of the biggest misconceptions amongst new investors and leads to unnecessary start up expenses.

My advice for start up builder is U need to pay cash for the dirt to get your best loan terms.. also going to have to partner with a GC that has good experince your GC is going to either make you or break you as noted above.

As the title says I am looking for opinions on my startup company SellWell.

And a lot of start-up companies are migrating to this city as well because of the OSU campus that has thousands of talented students graduating and looking for positions locally.Everything that’s going on here in Columbus is attracting investors and other businesses from all over.

As an entrepreneur, especially during the startup phase, the goal is to minimize expenses and put most of your money into real estate deals.Don’t let the absence of a CPA stop you from moving forward.