
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."

5 November 2024 | 5 replies
Go on Airbnb, search the top listings near by, and see who manages them.

4 November 2024 | 1 reply
I did another search and there is no lien filed on the property recorded with the county.

3 November 2024 | 2 replies
Focus on getting your first property, reducing expenses, improving the property, and saving money by earning more.

4 November 2024 | 10 replies
@Orlando Glez-JorgePlenty of lenders will lend on this - if you go to Facebook and search for lenders with 100% financing with financing spelled incorrectly, they say they lend at 3% and loan amounts from $5,000 - $50,000,000These lenders will approve you all day long, then have you send them $5,000 upfront.

1 November 2024 | 5 replies
Improvement exchanges are a little more tricky so if you can structure the exchange where all of your equity + debt reinvestment can be dumped in at one time, you'll be able to do a forward exchange instead of an improvement exchange and it will save you on 1031 exchange fees.

3 November 2024 | 4 replies
The search function here will help you a lot.

5 November 2024 | 9 replies
You can usually find some events by doing a simple google search.

5 November 2024 | 22 replies
If you have a galley kitchen, you just need to cut for the sink etc so you could get a basic granite countertop kitchen for under a grand.You can't be picky and you have to search around, but it isn't that hard to do.

7 November 2024 | 45 replies
We have always had the philosophy that if we rehab our properties to a quality level, we will get higher rents, better tenants who take care of them, and we will improve the neighborhoods we invest in.