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25 October 2017 | 62 replies
If you are the owner of the property with others doing the growing you have to be sure that they pay you regularly or you will evict them, often you will be the last to get paid as they need to pay for utilities ($10k+ mo.) and the cost of labor and supplies to keep the operation going and making $.I've heard that store owners and production companies do much better financially (in Washington you can't grow and sell or make edibles, there are 3 different licenses) they have less overhead and less risk of issues with the crops to contend with.Good luck!
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15 December 2022 | 8 replies
Hope everyone had a great Labor Day weekend.I am from Los Angeles but I target homes in Wisconsin.
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16 December 2022 | 3 replies
Meet People with Experiences Similar to Your Own: There are many organizations (both free and paid) out there that you can join such as BiggerPockets forums, local real estate meetup groups, The Entrepreneur's Organization, your local AICPA group, etc. that gives you a place to receive advice, guidance, problems and ideas.Utilize the R&D Tax Credit: Your business could receive a 10-20% refund for employee labor that’s associated with improving a product or process.Utilize Employee Retention Tax Credits: If your employees that worked for your business during the pandemic are retained through the end of 2021, your business could receive up to $9,000 each quarter that your employees were retained.Own Your Own Office: This would allow you to have multiple tax deductions, utilize depreciation, take advantage of appreciation of the property, as well as allow your company to rent out any unused space to help pay the mortgage.Take Advantage of Energy Efficient Tax Credits: There are many opportunities to take advantage of these credits such as updating the HVAC system, installing energy efficient lighting, etc.Perform a Cost Segregation Study on Your Property: This would allow your business to immediately write off the personal property within the building.Utilize Work Opportunity Tax Credits: If you hire employees from groups that typically face a barrier when it comes to employment such as people with physical or mental disabilities, veterans, etc. your small business could receive a tax credit while also helping the underserved.Use the SCORE program: This program is free and connects you with resources, and mentors and specifically focuses on helping small business owners excel.
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15 December 2022 | 3 replies
Quote from @Joe Homs: @Kenny Han sorry to say, "No."
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16 December 2022 | 3 replies
@Joe Velleneuve the current cash flow is $1700 per month.
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8 December 2022 | 13 replies
If this is mainly sheetrock and cleanup work, the most expensive cost will be the labor and likely not the materials.
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30 December 2022 | 6 replies
One of the most important things you learn when you are growing a business is that you can't do it yourself, you have to leverage other people, especially in two categories: tasks that are time consuming (like labor) and tasks that require particular skills and experience to be done well.My 2 cents, hope it helps
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14 August 2019 | 6 replies
@Joe Bruck yes but you could say that about almost any zip code in Baltimore.
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22 December 2022 | 6 replies
Hey @Joe Mathew - I haven't personally, but know people that have.