All Forum Posts by: Brooke Gibson

Thank you everyone for your replies! It's so much fun to hear your answers, they're all very helpful.

@Giovanna Owen, Imagine driving from the outskirts of Portland through Sandy and down to Madras or Redmond. That's the whole area I'm thinking of. However, Madras or Redmond might be more convenient, but I'm looking at it all.

-Brooke

Hi,

I live in Hawaii and would like to invest in Oregon, preferably buy and hold. I'm just getting started and Hawaii (so far) seems to be a tough place to get started (unless you have a lot of money).

So, I'm learning as much as I can about the possibilities and impossibilities of doing this and thinking about niches and business plans to get started. If you have stories to share, advice, mistakes, or successes for my encouragement, I'd love to hear them.

Thanks in advance!

-Brooke

These are all great answers, thank you so much. I feel like I just made some money being that I thought the 27.5 years had to do with the age of the house and it doesn't!

Hi, I'm looking for an answer to this or links to resources since I've had a challenging time finding any. I hear that depreciation lasts for about 27 years and the amount deducted from tax can make the net income, from a buy and hold property, basically tax free.

What happens if the property is older than ~27 years? Is there no depreciation? If there is new depreciation from renovations or a new roof, how is it calculated? I can only guess that the data is recorded about when what was done and how much it is worth. Maybe a new floor in 2010, a new roof in 2012, etc. Also, these things aren't worth nearly as much as a whole house, so the depreciation would be much less. How is this figured?

I haven't yet noticed anyone talk about only buying houses that are very young so that they can take advantage of depreciation. Why not? It seems like buying new houses would be better. Thanks in advance for any info!