Dell Technologies Inc. is planning a $25 million expansion over the next five years at its Round Rock headquarters.That was disclosed by Round Rock Chamber officials during an Aug. 28 meeting as the Round Rock City Council unanimously voted to approve nominating Dell (Nasdaq: DELL) at its HQ at 1 Dell Way as a qualified enterprise project as part of the Texas Enterprise Zone Program.Dell is planning $25 million in real property and business personal property improvements at the site over the next five years, consisting of expansion, new construction and renovation.

A couple of thoughts on this:Bonus depreciation is available on improvements and capital expenses with a useful life of 20 years or less.

Over the past few years, many groups have raised funds and acquired properties, promising investors impressive passive returns.But here’s the real question: how have these syndications actually performed?

Would you pay this person for 3 hours of work if they performed this particular task for 3 hours?

They seemed very pleased with my presence and willingness to improve their units. 

This works out well as it gives you, the buyer, time to improve the property (force appreciation) via physical improvements and/or improving the management. 

We simply perform our services and expect to be paid for our work, as agreed-to.

The metrics I look at is cash on cash return, what interest rates you are getting, % down need to close, points that need to be paid, capital improvement cost (if substantial), and what your cash flows are looking like on these new acquisitions (i.e. +$200 a month after all expenses).  

Even on a performing note, at a decent interest rate, where a failure to pay or failure to payoff the balloon would result in massive gains. 

Any "improvements" they make stay with the house, of course.