Jonathan Jewell
11 acre water-front land. Do I have a deal or walk away????
15 August 2017 | 14 replies
There are literally about a hundred abandoned boats and heavy equipment machinery throughout the property, so there is going to be a large cleanup and boat disposal bill.He has been approached by condo developers.
Kieler Stubbs
Thoughts on 3D printed houses?
25 January 2022 | 1 reply
3D printed houses are being built by universities and companies developing the technology and the production machinery.
Julio Gonzalez
Cost Segregation Asset Classifications
23 March 2022 | 0 replies
Non-tangible property includes buildings, land or other inherently permanent structures.I get a lot of questions on which group specific assets belong in, so I put together a list to help.Non-Tangible PropertyBuilding (27.5 or 39 Year Useful Life)Land (Non-Depreciable)Paved Parking Areas (15 Year useful life)Swimming Pools (15 Year useful life)Fences (15 year useful life)Bridges (15 year useful life)Exterior Landscaping (15 year useful life)Docks (15 year useful life)Sidewalks (15 year useful life)Tangible Personal PropertyMillwork or decorative trimCarpetAir Conditioning equipmentShelving, cabinets and display racksAccordion doors and partitionsWall coveringsInterior landscapingNeon or other signsDecorative and business specific activity light fixturesGenerators, machinery and kitchen equipmentWindow treatmentsWhat other questions do you have regarding cost segregation?
Maurice Dixon
Family wants to invest with me. Their money, my skills.
25 March 2022 | 8 replies
If you bought or rented a lot, built a factory and bought all the machinery and supplies.
Julio Gonzalez
10 Tax Credits for Agriculture / Farming
8 February 2022 | 0 replies
By accelerating your depreciation schedules, you reduce your taxable income which in turn increases your operating cash flow.Conservation Easements: Property owners can take a charitable deduction for contributions of a qualified real property interest to a qualified organization exclusively for conservation purposesSolar Incentives: Tax deduction for up to 26% of the cost of a solar energy systemESG Farming Incentives: Implementation of environmentally friendly practices.Florida Sales Tax Exemption: New machinery, parts, etc. are exempt from sales tax.Florida Farm Green-Built Incentive: For building sustainable “green” buildings that are environmentally friendly and are considered LEED certified.Employment Retention Farm Credits: For the first time, agriculture is eligible for the ERC if gross receipts dropped 50% in 2020 or 20% in 2021 as compared to the same quarter in the previous year.Farm Fertilization Federal Tax Amortization Program: The IRS position is that fertilizer costs should be amortized based on the percentage of use or benefit each year.What tax credits do you utilize on your ranch or agribusiness?
Jason Osburn
A lot to digest my first week
26 April 2022 | 7 replies
How do I use the real estate machinery to purchase land and build a structure?
Jason Osburn
Need help with new construction
22 April 2022 | 0 replies
How do I use the real estate machinery to purchase land and build a structure?
Account Closed
SEEKING LIFE GUIDANCE...from all of you
12 November 2021 | 43 replies
Have you looked into buying some machinery yourself and starting a side business with your heavy machinery skills...?
Brennan Hale
House hack a 4plex vs building personal home
23 July 2021 | 3 replies
My family has a construction background and we have all the equipment and machinery that you would need to build a little house.
Cooper Raines
New stimulus bill & SBA Loans
16 March 2021 | 1 reply
Here are some details taken directly for the SBA's website - The use of proceeds from 504 Loans must be used for fixed assets (and certain soft costs), including:-The purchase of existing buildings;-The purchase of land and land improvements, including grading, street improvements, utilities, parking lots and landscaping;-The construction of new facilities or modernizing, renovating or converting existing facilities;-The purchase of long-term machinery* ; or-The refinancing of debt in connection with an expansion of the business through new or renovated facilities or equipment*.The 7(a) Loan Program, SBA’s most common loan program, includes financial help for small businesses with special requirements.