Please keep those posts in the Classifieds forum.Need a spreadsheet or form?

experience: I’m on my 3rd flipage: early 40sday job: brand and web design/development retirement savings: noneI want to learn about buy and hold to secure having SOMETHING for retirement!

Please keep those posts in the Classifieds forum.Need a spreadsheet or form?

Please keep those posts in the Classifieds forum.Need a spreadsheet or form?

No, I've not invested with SCDC, and it's not likely I will without evidence they can do / have done what they've claimed on their web site.

2) How would you classify the property in the 2024 tax year and beyond?

I wonder if there is a way to web scrape for when a new realtor is hired or passed exams in the area so that I could hit them up immediately.  

@Janine Sharma The decision to classify your onsite mobile home park property manager as a W-2 employee or a 1099 contractor depends on the degree of control you have over their work.

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.

Please keep those posts in the Classifieds forum.Need a spreadsheet or form?