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24 September 2024 | 0 replies
Assets identified in this study include:Appliances: Oven/range, dishwasher, refrigerator, washer/dryer, microwaveElectrical and communication systems: TV connections and dedicated equipment outletsCabinetry and CountertopsDecorative light fixtures: Sconces, pendant fixtures, chandeliersInterior Finishes: Crown molding, wood panel wall covering, window treatments8.20% of the total depreciable basis was classified as 15-year class life.
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24 September 2024 | 0 replies
Example - I purchased an automotive shop with all the equipment intact at a bankruptcy auction for $117,000.
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24 September 2024 | 0 replies
The tax advantages of buying/holding gas stations are pretty great.Many of the components of gas stations including pumps, tanks, external parking areas, and other equipment are classified as either 5 or 15 year property so you can bonus depreciate a lot of it (minus the land value) and get significant deductions in year 1.With the current bonus depreciation rate at 60%, a $1 million gas station acquisition could still lead to $100K+ in year 1 deductions depending on the specifics of your deal.
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23 September 2024 | 4 replies
Note that most all lead inspectors will do dust swipes (Lead Safe tests), but not all have the equipment required to do Lead Free testing so be sure you're specific in what you ask for.
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26 September 2024 | 17 replies
However, it can now better accommodate someone with a disability, and they can add any equipment needed to further improve accessibility.
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25 September 2024 | 17 replies
Best decide now whether you’re psychologically equipped to handle the risks of real estate investing
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23 September 2024 | 6 replies
Bonus deprecation can be used on equipment and vehicles too.
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22 September 2024 | 8 replies
About imagining Capex you're looking at two things equipment end of service life replacement costs, including downtime of the unit for turns if there are problems getting the equipment quickly.
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20 September 2024 | 51 replies
If you don't have the equipment, you can get it for under $100 and the money spent will be returned in spades.4 - You must have at least 10 deals under your belt.5 - You must not be coming on to pitch in any way.
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22 September 2024 | 25 replies
Ubiquiti networking equipment will allow you do to the same thing and point the capture to a CRM (we're looking at Hubspot).