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Updated almost 3 years ago on . Most recent reply

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Craig Armstrong
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When to sell long term rental

Craig Armstrong
Posted

We have 8 condos, in two four-plex buildings, that we built new in 2000 and 2002. The buildings are in great shape, rent income is good, tenants are (for the most part) good. I understand that the income tax depreciation runs out in 27 years. Any thoughts on weather it is better to keep the building after the 27 +/- years or to build/buy something new? 

Seattle, Washington
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