Lue Yang
Primary Residence Rules
4 November 2024 | 10 replies
You can still have an operating agreement that everyone agrees to and it will accomplish the same thing.One thing I forgot to mention is what I did with a business partner is we have 50/50 ownership, but one person has 51% decision power.
Daniel Lioz
What are the steps to buy from CREXI or LoopNet?
30 October 2024 | 1 reply
If you are interested, you can request to meet with them and/or submit an LOI detailing your offer on price, financing options, terms, and other items related to the purchase.If accepted, request Tax Returns for this business, and have an Accountant(reach out to me if you are looking for help with the Analytics of a business purchase) compare their financials to the Tax Return.
Sean Regan
Chimney Stack Demo - DIY or Outsource?
4 November 2024 | 9 replies
One is about 20 ft tall (11 ft above a 9 ft roof) and several feet from the main power line.
Cynthia Leite
Scope of work (SOW)
31 October 2024 | 4 replies
Project CloseoutI'd suggest using AI Gemini or ChatGPT to get you a starting point....then get feedback & and revise if needed.
Alicia Kuluris
Partnership After All the Work is Done and Home is Making a profit
2 November 2024 | 22 replies
Power out?
Garrett Brown
This tiny home STR site makes the same as 5 Star Hotels.
2 November 2024 | 8 replies
His fast-response team and 24/7 guest support are crucial to smoothing over any bumps along the way, ensuring everything runs like a well-oiled machine.When we shifted to lessons learned, Ben couldn’t stress enough the power of social media.
Jacob Nevarez
First House Hack
5 November 2024 | 28 replies
A solid understanding of the rules can open up opportunities you didn’t even know existed.House hacking can be a powerful strategy to build wealth while covering your living expenses, and incorporating advanced strategies like 1031 exchanges can help you scale faster.
Sean Conroy
Inherited Property - Strategy Question
1 November 2024 | 9 replies
You have options and that equals power.
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.
Jenni Utz
The Importance of Property Management in Real Estate Investing
28 October 2024 | 7 replies
Quote from @Jenni Utz: This looks like an AI post, which is not allowed on BP.Please write fresh content with your own words from your personal experience.