truckdiagnostics
Platinum Member
Hind sight is 20/20. I also paid cash for OUR shop.
keep in mind at some point either you or your kids will have to sell your property. In your kids case it will be to get you the better nursing home
So, consider a separate meter. that way someone can run separate business out of the shop and write it off. (cleaner)
When we built our shop in someone said put a bathroom in it. that way you can run a business out of it with employee. At the time..... thought it was nuts. But we did it anyway.
Well stuff changes, I had to stop working for physical reason, started a business and next I know I had employees. Fortunately, I could depreciate the building and keep the employees out of the house.
Physically I am getting worse and my have to sell everything, too hard to take care of, real estate agent loves the place because a family owned business can down size and run there business out of here..... gets me that better nursing home
we are not there yet, but we have the equity so we can pay cash for a nice house in town!
Just a thought.
PS
you can't beat working on warm concrete!
Example garage attached to the house that just stores the cars, could have skipped it. Down and dirty forced air would have been better. Because when you do not keep it that warm. you end up with moisture issues.
keep in mind at some point either you or your kids will have to sell your property. In your kids case it will be to get you the better nursing home
When we built our shop in someone said put a bathroom in it. that way you can run a business out of it with employee. At the time..... thought it was nuts. But we did it anyway.
Well stuff changes, I had to stop working for physical reason, started a business and next I know I had employees. Fortunately, I could depreciate the building and keep the employees out of the house.
Physically I am getting worse and my have to sell everything, too hard to take care of, real estate agent loves the place because a family owned business can down size and run there business out of here..... gets me that better nursing home
Just a thought.
PS
you can't beat working on warm concrete!
Example garage attached to the house that just stores the cars, could have skipped it. Down and dirty forced air would have been better. Because when you do not keep it that warm. you end up with moisture issues.