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.

👇So far, Dave has hosted live workshops packed with his latest data insights on the following topics:  ✅ February: Picking a Market for your First (or Next) Real Estate Investment✅ March: How Do Mortgage Rates Work, and Where Are They Going?

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

@Mesturah ShittuIt's fantastic to hear about your success in real estate so far, growing your portfolio to 10 units and $5.5M in such a short time.

You can open an account and they will bill you monthly too, so something similar to that in your area is what I recommend.  

So to answer the question, who knows.

@Eric Burger so I have not viewed the current BP lease for Colorado so I can't comment on that.

I can justify any price (and some high fee syndicators are still doing so), if I just play with assumptions, prepay and buy down my interest rate, and hope that sub-5% cap rates will be returning in the next few years.But if you know your market and market cycle, have an idea where interest rates may be going (this is an educated guess for all of us), and then have your assumptions, you can certainly have the conversations you reference with brokers and see what their take is on pricing and if it is worth writing.Finally, I have said this before and will continue to say it, whether we are talking single family homes or 400 unit apartment complexes, off-market purchases do not make something a deal.  

So, I tried to help the situation by getting a contractor to go replace the floor and remodel the bathroom so that the house is nicer for her.

Hello allWould like to get some advice from Real Estate Developers...So, we're in Canada and we own several rental properties, and want to expand our portfolio.