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1 November 2024 | 8 replies
It's about 2-3 pages and says "Note" at the topPlease keep in mind this is based on today's no cost rate which changes based on the market Should you have any questions or require any assistance regarding this process, please do not hesitate to reach out to me.
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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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31 October 2024 | 8 replies
How would a high appraisal on this home have something to do with buying a new home unless you plan on leveraging this and taking cash out and putting a regular mortgage on it.
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31 October 2024 | 2 replies
@Matthew Lamoreaux I think if you can find a rental, long-term or short-term, that cash flows well in today's market then this should be a factor that should be viewed as icing on the cake and should be used as a potential solidifier of a deal.
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31 October 2024 | 7 replies
Hi Team,I'm working on a deal right now at West Palm area...
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31 October 2024 | 12 replies
depends on leverage or not..
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31 October 2024 | 3 replies
How long that takes and the exact steps depend on the state.
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18 October 2024 | 1 reply
Does any one have any clarification on the new law passed in South Carolina on wholesaling?
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20 October 2024 | 35 replies
What types of investments are you guys focused on?
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31 October 2024 | 7 replies
Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.