All Forum Posts by: Michael Saberniak

The following is a quote from the instructions for irs form 4562.

Special rules for qualified section 179 real property. You can elect to treat certain qualified real property placed in service during the tax year as section 179 property. See Election for certain qualified section 179 real property in Part I for information on how to make this election. If the election is made, the term "section 179 property" will include any qualified real property which is: • Qualified improvement property as described in section 168(e)(6), and • Any of the following improvements to nonresidential real property placed in service after the date the nonresidential real property was first placed in service. 1. Roofs. 2. Heating, ventilation, and air-conditioning property. 3. Fire protection and alarm systems. 4. Security systems. This property is considered "qualified section 179 real property." 

Sec 179 is now open for capital improvements on real estate, not just equipment etc.  The answer to the original question is still no however, as none off the original purchase price qualifies for Sec 179.   The only way to write off more than the 1/27.5 is the cost segregation study and bonus depreciation. You would still not get to 50%. 

Greetings fellow Yoopers!

We are making this meetup a regular event on the third Tuesday of each month. Special thanks to the Washington St Border Grill for allowing us to use this space. Please support the host restaurant by ordering food. Meet in private room on main floor near front door.

We will be discussing numbers on a multifamily or single family deal going onto financing, rent numbers, contractors etc. 

I am excited to meet you all! Please post here if you have any ideas for discussion topics or making this event better. 

Michael Saberniak

For the meeting on the 19th I will lead a short discussion on using business credit cards for investing. This should be helpful for almost anyone and will include some practical tips that I can get through in about 10 minutes. 

Dan Wolf will be leading a discussion on his water emergency response kit.... not sure what that is but will fine out on the 19th.  

There will also be plenty of time for networking!

Greetings fellow Yoopers!

First meeting was a small group but a success.  Special thanks to the Washington St Border Grill for allowing us to use this space. Please support the host restaurant by ordering food.  Meet in private room on main floor near front door.

I am excited to meet you all!  Please post here if you have any ideas for making this meetup better. 

Greetings fellow Yoopers!

Lets get this off the ground and make this networking gathering a monthly event.  This will be strictly a networking event for the first meeting with possible short educational presentations at future events.  Special thanks to Border Grill for allowing us to use this space. Please support the host restaurant by ordering food. I am excited to meet you all!

Update: US bank has lowered the cash advance fee to 1.99 % and often has terms at 18 months for 0%.

Wow, that is a lot seemingly of fake referrals. 

Yes, I was referring to getting them in an LLC. Can see that would be hard with a newly formed LLC though.