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12 March 2021 | 1 reply
Happy to do a trade if local in Seattle or to pay a reasonable fee for architect/engineer.I hope to add value to this forum and community as soon as I am able to.
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31 August 2022 | 5 replies
Here are the top 20 that my clients utilize.1031 Exchange and 721 Exchange - To help preserve wealthOpportunity Zone Fund - Allows you to defer, eliminate or reduce gainsTax Structure - To increase tax efficienciesBifurcated Depreciation - To help maximize investor tax efficienciesUpReit - A cashout strategyAcquiring Losses in Existing Real Estate Fund - Buying tax write-off for your investmentsSolar Tax Credits - Tax deduction for up to 26% of the cost of a solar energy systemNew Market Tax Credits - Tax credits for investing in qualified equity investments in designated Community Development Entities (CDEs)Design Tax Credits - Maximize architects and developers tax efficienciesEnergy Efficient Tax Credits - Properties that qualify as energy efficient could receive a tax credit of $2,000 per unit or dwellingCharitable Contributions - Tax deduction of up to 60% of your Adjusted Gross IncomeBrownfields Grant - Tax credit for the cost of eligible cleanup expenses in the year they are incurred.Historic Tax Credits - Rehabilitation tax credit for up to 20% of the cost of the rehabTIFS - Receive a refund for helping finance a development in a specific areaDispositions - Dispose of the abandoned or retired assets therefore reducing taxable incomeCell Tower Income - Negotiate in your contract for the carriers to pay the real estate taxes on the cell towerLoss Development Rights - Conservation easement resulting in a deduction of up to 50% of AGIAir Rights - Is considered a like-kind property thus the purchase or sale is considered a like-kind exchange for tax purposesProperty Tax Abatement - Reduce property taxes on new construction, major property improvements or rehabilitation of propertyFacade Easements - A conservation easement to preserve the character of a historic building and is treated as a charitable contribution What tax incentives/strategies do you or your company utilize?
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27 April 2023 | 1 reply
Picture below shows a purposed ADU my architect drafted up.
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25 April 2023 | 10 replies
Should I be more patient with the architect?
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25 April 2023 | 13 replies
Consult an architect and pay to have the plans drawn up and submitted to the City.
24 December 2021 | 4 replies
But there's also architect and often attorneys involved if working on the properties with the long list of city violations.
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21 April 2023 | 6 replies
Retainage is a % of fee held until after job completion and owner/architect approval.
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24 April 2023 | 9 replies
You don’t need a land planer or an architect to do this early stage analysis.There’s a lot for you to learn if this is your first time developing.
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9 April 2021 | 3 replies
My architect has been cheap (<$2,500) but I get plans kicked back and my MEP plans run me about $5,000, less issues there.
27 April 2023 | 2 replies
Might be worth talking to an architect or engineer so you can get numbers more firm numbers to see if it would be worth exploring more.