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Results (10,000+)
Brody Veilleux Managing multiple bank accounts and accounting for them
9 November 2024 | 9 replies
That's the key component that is usually missing when I hear other entrepreneurs/investors say they don't like QBO.Something else to keep in mind is your entity structure and how your entities file tax returns.
Nick Pastore Anyone investing in Brampton ?
7 November 2024 | 9 replies
International students pay $3200 for a 5 bedroom house 2 houses from me and a 4 bedroom on my sale street also $3200.
Melanie Baldridge It’s not what you make, it’s what you keep!
6 November 2024 | 0 replies
& different parts of the asset can be depreciated on different schedules.To find out the useful lifespan of each component, you do a cost segregation study to analyze all of the parts.The raw land can't be depreciated so you start by giving that a value first.But other items can be depreciated on a quicker timeline.A roof, road, sidewalk, fencing, walls, gates, doors, latches, flooring, air conditioners, pavers, curbing, landscaping, etc.The IRS has a depreciation schedule for each type.Some parts are 5 yrs.
Blaise Peterson Career advice for my daughter
11 November 2024 | 14 replies
I would just have her intern for you - let her start taking over some tasks and loop her into decision making.
Melanie Baldridge Understanding the IRS Section 179 Election
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."
Dayton Bishop How to get into investing even though I have no money to do so
8 November 2024 | 10 replies
@Dayton BishopStarting investing with limited money can be achieved through various strategies such as house hacking, partnerships, bird dogging, subject-to deals, joining a Real Estate Investment Group (REIG), interning or working for a real estate investor, college networking, and Real Estate Investment Trusts (REITs) or Real Estate Crowdfunding.
Phil Wrigley Guesty / hostaway / hospitable?? Help!
8 November 2024 | 47 replies
Suspect that’s sufficient for most US-based hosts since other channels are more popular with the globally channel managers like BookingAutomation, Lodgify, and others but is a gap for attracting international stays. 2.
Drago Stanimirovic Exploring States with Minimal Seasonality for Real Estate Investing
5 November 2024 | 1 reply
Known for attracting retirees, snowbirds, and international buyers, Florida’s real estate market sees consistent demand regardless of the season.
Scott Trench Syndicator Threatens LPs for Negative Comment about them On BP
26 November 2024 | 86 replies
@Joe S.I would say BP does a good job as well as its membersFor example when peerstreet went under people were on BP blasting them because “they did not know” they invested in unsecured debt because they noted they invested in secured loansBut if you read the literature it was clear the investors were unsecured even though the company invested in secured loans (which this structure is not uncommon) - they were called out for this.There are components related to communication that cannot be verified unless posted but most documents and property transfers (like the one I assume is referenced in the start of this post) cannot be disputed.
Bradley Mair Primary Res to Rental and Repeat
7 November 2024 | 15 replies
Market appreciation helped but the remodel was a key component.