
25 September 2024 | 2 replies
There were 3 different parties offering on this off-market property including myself.

24 September 2024 | 0 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 current bonus depreciation rate at 60%, a $1 million gas station acquisition could still lead to $100K+ in year 1 deductions depending on the specifics of your deal.

27 September 2024 | 48 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.

24 September 2024 | 1 reply
Key takeaways include:- 81% of investors plan to grow their portfolios within two years.- Investors are less worried about vacancies, focusing on financing costs (35%) and home prices (33%).- 22% faced rental insurance hikes of 11% or more, and 50% saw property tax increases of over 6%.- Conventional loans remain the top financing option (44%).Give it a full read on our BiggerPockets Blog
25 September 2024 | 8 replies
I agree that most folks don't like seeing the cost increase as they enter the details of their stay (myself included), but this additional cost is usually split by at least 2 parties or even 3 when there are 8 guests staying.

23 September 2024 | 19 replies
Applying business losses against other incomeOK, you crunched your numbers, including depreciation, and your business has a $10k net loss.

26 September 2024 | 9 replies
Which amenities included in a Home Owners Association or Condo Owners Association provide a good value to the owners because of economies of scale?

24 September 2024 | 49 replies
., one of the many relevant laws is Equal Housing Opportunity (EHO) which forbids discrimination on many bases including - you guessed it - physical disability.If you intend to discriminate against a U.S. citizen who otherwise meets the income requirement you have set up in your business, you'd better be able to defend that action in front of a circuit court judge.By the way: EHO is a Federal statute.

25 September 2024 | 14 replies
S8 will include utilities in the rent payments to the landlord, BUT ONLY UP TO A CERTAIN AMOUNT.

24 September 2024 | 0 replies
This included updating the home's interior, improving curb appeal, and modernizing key features.