Welcome, best of luck on your journey. this is a great platform to be in

This is a great place to learn and to connect with people so take advantage of all the great resources.Welcome aboard and best of luck investing!

There are four key principles that guide me:- Consistency is everything- Never stop learning- Take Action- Value relationships over everything else1) Consistency is everything There are multiple things that I do every single day- Read – 10+ minutes.

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.

The information contained in this post is not to be relied upon.

Welcome to BP - this is a great platform to initiate your real estate journey.Dive into comprehensive guides, connect with experienced professionals, and explore a wealth of opportunities that can help you achieve your real estate goals. 

Average occupancy at time of sale this year was about 50%.

@James Wise I began investing in Cleveland (from NY) this year, and I was following this grading guide for a while!

It’s a common practice and I’ve never had any opposition to this provision.If you don’t have an operating company, you could get into contract in your own name and then assign it.  

We plan to keep this property long-term as part of our portfolio and look for additional investing opportunities in the future.