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21 April 2024 | 9 replies
I've worked as a wholesaler, realtor, investor and run a real estate Facebook group which focuses on investment opportunities in Michigan.
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22 April 2024 | 0 replies
The three most common approaches include:Cost approach: An estimate of the replacement cost less depreciationIncome approach: Calculation of estimated potential rental incomeSales approach: Uses comps of recent transactions on similar propertiesBe sure you are leveraging the tax incentives availableIdentify any applicable tax incentives available for commercial properties - historic tax credits in certain areas, opportunity zones, environmental sustainability, etc.Understand available tax deductions, credits, and rebates - Tax deductions decrease the taxable value of a property, tax credits directly reduce your tax liability dollar for dollar and tax rebates are a refund of taxes paid under certain conditions.Utilize a cost segregation study - Cost segregation allows you to reclassify assets into categories with shorter useful lives, therefore accelerating depreciation and creating tax savings.Leverage energy incentives and deductions - Look into the Section 179D deduction and how you can save on tax by meeting certain standards to make your property more environmentally friendly.Best practices for commercial real estate owners and monitoring their property tax regulations:Plan proactivelyWork with a professional to receive guidance on complex regulationsUtilize specialized software tools to drive efficiency and compliance.What questions do you have regarding property tax valuations?
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19 April 2024 | 0 replies
I know this isn't the conventional way to job search but I have been firing off applications for almost a year now and haven't been hearing back so I wanted to give something else a shot.
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20 April 2024 | 9 replies
Our budget for this property is $400,000 - $500,000 and we're letting ROI steer us to the right opportunity.
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22 April 2024 | 2 replies
No need to necessarily add value to the property with a rehab that can be a bonus if an opportunity presents itself.
22 April 2024 | 2 replies
I don't really plan to use my license to sell to the public as I already have a full time job and our investment business will take up the remainder of our time.
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21 April 2024 | 8 replies
There are lots of opportunities out there.
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21 April 2024 | 16 replies
We want to keep it relatively small so that there's plenty of opportunity for everyone to actively engage on the calls.
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22 April 2024 | 3 replies
Keep in mind the more work they are going to be doing and the better the job, the more you will have to pay them.