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27 January 2025 | 7 replies
Ask the manager to explain their process for dealing with maintenance, late rent, evictions, turnover, etc.
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9 January 2025 | 4 replies
These agents work for free till they close a deal, so make sure you know that going into it.
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9 January 2025 | 9 replies
Than you set out, per the strategy, to get a "deal" under contract.
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18 January 2025 | 4 replies
I don't think that would be a deal breaker.
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8 January 2025 | 0 replies
What made you interested in investing in this type of deal?
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29 January 2025 | 25 replies
One year should show a track record of the tenant to see if you want to deal with anything bad or good.
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14 January 2025 | 2 replies
The tax advantages of buying/holding gas stations are pretty great.Many of the components of gas stations including pumps, tanks, external parking areas, and other equipment are classified as either 5 or 15 year property so you can bonus depreciate a lot of it (minus the land value) and get significant deductions in year 1.With the 2025 bonus depreciation rate at 40%, a $1 million gas station acquisition could still lead to $100K+ in year 1 deductions depending on the specifics of your deal.
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10 January 2025 | 13 replies
There are a variety of ways to deal with this "residual" acreage.
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15 January 2025 | 12 replies
If you're getting started, I'd suggest focusing on single-family homes in growth areas with strong population trends—let me know if you need help finding the right deal!
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17 January 2025 | 19 replies
Nothing will piss off the inspector faster than missing an inspection.My last piece of advice, in an effort to not make this a book length post, deals with the money.