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

Hello everyone,I just closed on a house and am exploring the possibility of turning it into a mid-term rental.

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!

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.

I’ve been researching local professionals and would welcome any advice on how to vet and connect with reliable team members, particularly in a high-cost area like the Bay Area.As for hard money, I haven’t explored it in depth yet, but I’m open to the idea for the right deal.

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

This is great info.

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

Any recommendations for free tools to do market research?

I update my prices weekly, adjusting just a bit here and there according to my own research.