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29 August 2024 | 8 replies
Thank you in advance for any help.
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29 August 2024 | 8 replies
I respond to many posts here to help new investors, so I wanted to give out 5 tips that may help you on your journey if you are new.
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29 August 2024 | 13 replies
I may be able to help here.
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30 August 2024 | 15 replies
Remaining anonymous doesn't help much because an attorney will know how to track you down.
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31 August 2024 | 11 replies
It would be my way of helping other professionals become successful without having to reach as deep into their pockets as the current marketplace approach affords.Any reason why I should not create open source building plans?
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30 August 2024 | 6 replies
Working with an existing space helps both expedite the process and save money.
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29 August 2024 | 2 replies
After the cost segregation study was performed, this was the new asset allocation breakdown by useful life.Here are some examples of what types of assets are included in each of these asset classes.5 Year Useful LifeSpecialized equipmentCabinets and countersRefrigerators and microwavesSecurity alarm systems and telephone connectionsDecorative wall treatments, ceiling fans and flooring15 Year Useful LifeSidewalks, landscaping and asphalt pavingSignage and site lighting39 Year Useful LifeDoors, walls, roofing and windowsFlooring, drywall partitions and ceilingsEmergency lighting and restroom fixturesPlumbing, HVAC, and electrical distributionThe use of the accelerated depreciation strategy helps real estate investors to reduce the tax liability immediately which therefore increases their bottom line due to the offsetting of income.
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29 August 2024 | 14 replies
@Bob Gruenig it might help if you could clarify what you're trying to accomplish with the LLC strategy.The most simple and common way to invest in a syndication is to put money as an individual.
30 August 2024 | 30 replies
@Mike SavageIf selling everything feels too costly, a staggered exit strategy (selling financing) could help reduce the tax impact.
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29 August 2024 | 6 replies
If anyone is interested or knows a person who is, it will help a lot!