Daniel Curtin
Does anyone invest in Blue Island, IL
30 October 2024 | 9 replies
Hey @Daniel Curtin - Blue Island is a great area to invest in as cash flow is a little stronger and taxes are not horrifically high and they have a great deal of 4+ units, as well.
Melanie Baldridge
Understanding the IRS Section 179 Election
1 November 2024 | 0 replies
Examples of qualified improvement property include improvements made to the interior of nonresidential real property, such as HVAC systems or alarm and security systems.We refrain from making direct recommendations on Section 179 because we believe this decision is best made by the CPA, who completely understands the client’s overall tax situation.The decision to elect Section 179 is deeply tied to broader tax implications, including other deductions, income limitations, and future business planning.Your CPA has a holistic view of your finances and can help you make the right choice.TLDR:* Section 179 is a powerful tool for business owners and real estate investors, allowing immediate expensing of qualifying assets in the year they are placed in service.* Annual limits apply to how much can be expensed, with the 2024 cap set at $1,220,000, and investment limits that start to phase out when more than $3,050,000 of property is placed in service.* Not all property qualifies for Section 179.
Richard Pagano
Paul McGraw Mentorship Program
1 November 2024 | 4 replies
I would want very detailed understanding as to what terms are tied to this up to $25mm of funding.
Thomas Fredella
I would think about Partner Driven very carefully b4 jumping in
7 November 2024 | 18 replies
This means our success is directly tied to yours.Real-World ExamplesTo see some of the deals we’ve done and the successes our partners have achieved, please visit my BiggerPockets profile.Moving ForwardIf you have specific questions or need more information, I’m here to help.
Luis Herna
Is Bird Dogging Ilegal in Texas?
30 October 2024 | 14 replies
@Luis Herna, while I am not overly certain about TX's nuances, but they sound similar to Ohio, if you are collecting a commission, whether a fixed amount or a percentage of sales price, you are brokering deals and require a license.In my market the grey area solution is, like Daniel noted, actually close on the deal in a dual closing transaction, or formally assign the contract with an assignment fee tied to it.
Alex Stepanov
Looking for an experienced tax lien foreclosure attorney
29 October 2024 | 6 replies
You can perform these steps yourself and build a stronger case for your attorney.Here is some reading on the matter: https://azesquire.com/arizona-...
Philip Weaver
Real Estate Professional Status (REPS)
30 October 2024 | 1 reply
Contracting and subcontracting services, like plumbing, generally don’t count unless tied directly to real estate you own.Are you considering acquiring rental properties or engaging in real estate development where you would personally manage or oversee those properties?
Jason Boring
Contractor getting into value-add real estate investing
31 October 2024 | 8 replies
I have nearly $100k to invest but would like to use it in a way that multiplies it and doesn't tie it up for long periods of time.
Kim Hardman
North Texas - Ready to Get Started!!
1 November 2024 | 11 replies
This is especially helpful if you've built up significant equity in your current home and want to leverage it to grow your portfolio without tying up all your cash.Since you're based in Collin County, you're in an ideal market for growth.
Brett Jurgens
Zillow ads climate risk insights, but too many people are ignoring the data
6 November 2024 | 54 replies
I think insurance will dictate some of what happens on this front.Also consider for many people the moves aren't about the factors you consider but they are tied to work or family.