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8 November 2024 | 38 replies
I think the best returns are properties that are 300-400k that can do $60-90k per year in gross revenues.
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5 November 2024 | 18 replies
Adding this unit will bring my total monthly rent revenue to over $7,000/month.
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4 November 2024 | 24 replies
Did you buy the homes with the intention of going that route or did you own them already and pivot to capitalize on the opportunity for the increased revenue?
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4 November 2024 | 17 replies
(Goal would be to generate revenue to reinvest and further the business towards consistent lead generation)
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31 October 2024 | 8 replies
Job costing tracks costs and revenues of specific projects.
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31 October 2024 | 2 replies
If a new software were to hit the market with the set goal to increase tenant loyalty, increase revenues, increase on time payments, would you be interested?
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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."
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5 November 2024 | 28 replies
Some lenders looks at age of the company and revenue (e.g. business line of credits) hence single LLC may be easier.
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2 November 2024 | 9 replies
Your residents would benefit with better gym access on the road, the gym would get a little more revenue each month; and you can advertise the benefit without sacrificing square footage.Thanks, and best of luck.
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8 November 2024 | 22 replies
You are holding expense and revenue growth the same.So at the end of the day, you are putting in very generic assumptions in your SFR model, then comparing to broad syndicator returns, which have vastly different assumptions.