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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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7 February 2025 | 14 replies
You should consult an attorney or CPA for your specific situation.ANONYMITY: When you create the LLC, your name is recorded on the documents and published on the Secretary of State's website for all to see.
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7 February 2025 | 12 replies
Happy to share lessons learned from out of state managing/investing if you have specific questions.
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21 January 2025 | 10 replies
Most PMs, especially the well established ones, will not always flex for specific clients like this but it could be an option.hope this helps.
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16 January 2025 | 12 replies
When you re-list the property, it will restart the counter for "days listed" (assuming it is down for a reasonable period of time, I'm not sure their exact specification, I know we've been down for 24-48 hours and it did not restart).
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14 January 2025 | 3 replies
If you have specific questions about property management, I'll be happy to help!
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18 January 2025 | 5 replies
Taxpayers should be aware of the criteria for this specific scenario.
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12 January 2025 | 25 replies
I than let them know my top choices for PM/TP provider in that specific market, not just my own but whoever I see as current best, and what there rates are.
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13 January 2025 | 11 replies
Just because you want to hit a specific number doesn't mean the market will meet you there.Great example of how Class C properties may appear like great cash flowing investments on paper - meaning fully rented, paying on time and normal levels of maintenance.
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19 January 2025 | 6 replies
Without know more specifics, I'd suggest selling what you have now and investing in properties closer to where you live (and pursue 1031 exchanges).