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17 October 2024 | 1 reply
Here is a framework to think about how buying properties creates the most tax efficiency for you.The 6 levers of depreciation:Lever 1 - % of LandOne of the components of a property is land.Land is NOT DEDUCTIBLE, so low value land properties mean more tax deduction.A value of your overall purchase will be assigned to the land or lot.You receive no near-term tax benefits for buying land.For example - If you buy a $2 MM industrial building outside a rural town on 5 acres, the land value could be $5k an acre.
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15 October 2024 | 3 replies
The biggest opportunity we saw with this property was operational and management efficiencies.
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15 October 2024 | 0 replies
Using a combination of capital from both Partner Driven and our trusted partner, Seth Choate, we funded the purchase and renovation efficiently.
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19 October 2024 | 11 replies
Easier management--you know the property much better and can take care of issues quickly and efficiently.
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15 October 2024 | 4 replies
It's a manual process but allows us to view all business-related financials in 1 place.We've also found QBO has superior reporting features, integration features, and is overall more efficient to work within than other REI-specific software.
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15 October 2024 | 5 replies
With low inventory, this is a more efficient approach than targeting specific areas, IMHO!
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15 October 2024 | 10 replies
I just want to know the most efficient way to reach these owners.
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15 October 2024 | 8 replies
Why we build the same floorplan over and over again:1) Easier for Trades and Faster Build Times: Our trades have been working on the same layouts repeatedly, so they have become more efficient.2) Less Mental Space for Decisions: We don’t spend too much time deciding on which floorplan to build, we focus our time on growing the business and serving our customers.3) Best ROI based on Square Footage: The floorplan we build gives us the best return on investment.
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30 October 2024 | 236 replies
If your hvac contractor tries to sell you a new furnace by telling you it’s more efficient and over one you may save money via energy savings, less repairs, etc that’s fair.
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15 October 2024 | 9 replies
We've found it has superior reporting features, integration features, and is overall more efficient to work within than other REI-specific software.The downside is QBO is not set up for REI so you'll need to do that or work with an expert to ensure it is set up for your business appropriately.Something else to keep in mind is your entity structure and how your entities file tax returns.