Any Programs For Vets?
I recently got out of the Navy and I am looking for any programs or loans out there that might be geared towards military vets to start a Real estate business? I own 2 sfr now and I am looking to get larger properties.
There are assistance programs to start a business if you qualify, but nothing I am aware of reserved exclusively for veterans.
Quote:
On 2009-04-08 12:30, bc1 wrote:
This will be my first commercial property, Just for clarification, this sounds like a residential dwelling property. It makes a difference in your tax treatment. Residential dwelling property in service as a rental is depreciated over 27.5 years. Commercial property is depreciated over 39 years.
Now, because this residential property has more than four dwelling units, it will require commercial financing if you need a loan. But, commercial financing does not make this a commercial property for your tax return.,
Quote:
On 2009-04-08 12:30, bc1 wrote:
This will be my first commercial property, Just for clarification, this sounds like a residential dwelling property. It makes a difference in your tax treatment. Residential dwelling property in service as a rental is depreciated over 27.5 years. Commercial property is depreciated over 39 years.
Now, because this residential property has more than four dwelling units, it will require commercial financing if you need a loan. But, commercial financing does not make this a commercial property for your tax return.,
The results can be pretty amazing.
I ran into a company in AZ (HQ but nationwide Co), that had a number of case studies you could review.
They would also do a prelim analysis of your building on the come of getting the project.
They have engr that wor with them and have received some favorable ruling letters from the IRS, for some alternate materials which radically changed the usefule live.