This amounts to six automobiles, likely trucks, along with several utility trailers in addition.

Previous tech disruptors; cell phones, the internet, the automobile, air flight, electricity....

I have wanted to be in real estate forever but never had the nerve to leave my career in Automobile Repair.

It looks like this is a fully amortized 7 year loan meaning, regardless of the interest payments, you are paying the property off at the rate which is similar to an automobile loan.

Hey @Jorge Vazquez, yeah that is a weird way to put it.It isn't like someone offered automobiles leaving you with a bunch of buggies.

While it is true that not many people make buggy whips any more, the automobile ended up creating numerous other jobs.

Ford is the #1 biggest EXPORTER of USA automobiles.

This community is filled with people with different temperaments, talents, and convictions that are helping each other find ways to succeed in purchasing Real Estate, Automobiles, Planes, Boats, and now Businesses. 

Here are some examples of the recovery periods from the IRS 996 Publication:5-year Property: Automobiles, qualified technological equipment, office equipment (copiers, calculators, etc.), appliances, carpet, and furniture used for residential real estate.7-year Property: Office furniture and fixtures (desks, filing cabinets, safes)15-year Property: Certain improvements made directly to land or added to it (such as shrubbery, fences, roads, sidewalks, and bridges)There are multiple approaches to cost segregation studies including the Detailed Cost Approach, Detailed Cost Estimate Approach, Survey Approach, Residual Estimation Approach and Sampling Approach.If you feel like you or your business could benefit from a cost segregation study, first speak with your accountant to see if the tax savings outweigh the potential costs.

The land is tangible and the mobile homes are considered Personal Property and titled like a automobile.