Melanie Baldridge
Did you know this about Gas Stations?
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.
Austin Wolff
Does Oklahoma really have the highest insurance in the nation?
11 January 2025 | 15 replies
FL has a ridiculous number of low-value properties, everything from essentially campers on 55+ lots to MH parks everywhere to run-down shacks in much of the rural areas, all of which is going to drag down the average premium.
William Silva
Multi family (2-4) units. Getting started
30 January 2025 | 8 replies
Free, free parking Samar S.
Melanie Alzugray
Newbie Investor looking at Kissimmee, Florida
17 January 2025 | 3 replies
With EPIC theme park opening in a few months, this area is seeing bookings pick up, but it is a very competitive and crowded market.
Ike Okwerekwu
Property Manager Referrals
27 January 2025 | 7 replies
Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.
Bayo Badejo
103 unit assessed cap rate of 5.4(accurate?)
15 January 2025 | 3 replies
@Bayo Badejo Agreed, that Zip touches a lot of different areas, from the national park to south of exchange.
Anita Z.
Real Estate Investor Tax write-offs
10 January 2025 | 16 replies
@Anita Z.I recommend finding an accountant who specializes in real estate taxation, tax planning and financial planning.
Jerry Zigounakis
Homeowners Insurance Quotes
7 February 2025 | 8 replies
I currently have a homeowners plan with Allstate and plan on asking them if they have something like a short term rental rider plan that I can add in addition to my current plan.
Fed Finjap
Reflecting on my first year house hacking a 3-flat in Chicago
2 January 2025 | 11 replies
For this reason, I prefer to plan renovations when a long-term tenant moves out.