DaveNay said:
Doin' the happy dance!!!!!!
WHOOOOOO!!!!!!
YIPPPEEEEE!!!!!!
Now the real work begins.
Cityboy said:Ya gonna tell us why you're doin' the happy dance?
B_Skurka said:Dave, I'm going to make a wild guess and say that one of the following happened:
A) Hell froze over
B) The Chicago Cubs won a game
C) Your project was approved about a year ahead of schedule and you are about to become a self employed horse boarding/arena operator, along with a large debtor, and see your red hair turn into gray hair!
DaveNay said:Maybe.
B_Skurka said:So Dave, what is it? Are you still doing the Happy Dance or did reality set in and you are now in panic mode realizing that your dreams will come true but now have figured out that the real work is about to begin.
DaveNay said:The good part is that we can afford the loan on our current income, and income from the business is not mandatory to make the payments. In our mind this gives us a bit of comfort in the whole process.
B_Skurka said:
Congrats on the approvals! Planning and hard work do pay off!
As a side note: I am really looking at those buildings, I would like to see some more photos. I'm still undecided on what I need to do for some storage but those look like they might be the ticket.
Cityboy said:Congratulations Dave!
Dust off the camera and start a construction thread. My daughter is a horse lover and will enjoy seeing your progress. Plus it might just motivate me to get off my butt and get the fence put up so she can finally get her horse.
That is a good question, if I put one up it will be fast. I'd be using it as a temporary building. I have a guy who is trying to lease me space next door to my building, so I have some choices.DaveNay said:What's your timeline? Ours should be up by late October, you could come take a look for yourself.
B_Skurka said:As a side note: I am really looking at those buildings, I would like to see some more photos. I'm still undecided on what I need to do for some storage but those look like they might be the ticket.
Murph, I already spoke with my building inspector in the town where my business is located, these buildings are taxable. At least at the size that Dave is building and even the more modest size I am considering. However I suspect that your are correct that a temporary structure might skate under the property tax radar. My local building inspector told me that if I have the structure up for 10 months or less, he would not issue a building permit so I would not pay property tax, but if it looked like I would keep it up for a longer period then he would consider it a permanant structure and it would be taxable. Bear in mind that these things seem to come in many quality levels and the higher quality, more permanant type, require frost proof foundations and pony walls. So I suppose it depends on the type of structure as to whether it is taxable? DaveNay probably knows more about this stuff as he has done all the research.thcri said:can not charge you real estate tax on them.
B_Skurka said:Bear in mind that these things seem to come in many quality levels and the higher quality, more permanant type, require frost proof foundations and pony walls. So I suppose it depends on the type of structure as to whether it is taxable?
thcri said:I know a lot of farmers are putting up them plastic or rubber sheds around here. It is my understanding the reason they like them is the IRS can not charge you real estate tax on them. Now I am no accounting proffessional but seems to me if just temporary storage it is a good idea. And they handle the snow loads etc.
DaveNay said:When did the IRS start taxing real estate???
DaveNay said:Now the real work begins.