Investing 102

[SSLance]

What was the 1986 Federal tax law change called that took away depreciation and killed the commercial real estate market for years and years? In one fail swoop everything changed and many got caught with their pants down.

I was pretty young then but watched my now business partner struggle to stay afloat through those years, eventually losing all of his real estate partnerships except 2 that he still owns today. One never has broke even, the other one is a strip mall that is 100% paid for and hasn't been below 90% occupied for the last 15 years.

Great on site management is key...