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."

I am dedicated to creating environments that meet the needs of both tenants and business owners, while steadily growing my portfolio through smart investments.

I am ready to move forward with investing in my first property as soon as I am able to identify a good deal that makes sense. 

It’s nice getting a better interest rate than an investment property, and putting less down.

What are your biggest challenges with financing your investment deals?

I do have other options to invest in the market till the Real Estate comes back I guess I am just getting impatient.

The truth is, everything works - and so everything can both be a good investment or a waste of money lol! 

My other investments focus on the mid-term rental space, and I’m drawn to Jacksonville to stay near hospitals and schools, which are essential for my target demographic.I’d love insights on the strength of the current market here, any projected trends, and tips for making a solid investment in this location.

Steadily is great, I use them for all my investments

Hi All - I have recently moved to Dallas, Texas and I'm looking to continue my real estate investment journey.