Updated over 3 years ago on . Most recent reply
When to sell long term rental
We have 8 condos, in two four-plex buildings, that we built new in 2000 and 2002. The buildings are in great shape, rent income is good, tenants are (for the most part) good. I understand that the income tax depreciation runs out in 27 years. Any thoughts on weather it is better to keep the building after the 27 +/- years or to build/buy something new?