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Updated almost 8 years ago on . Most recent reply

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15
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4
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Chris Cook
  • Fuquay Varina, NC
4
Votes |
15
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Can I stay at my VR and it still be a business?

Chris Cook
  • Fuquay Varina, NC
Posted

Just starting out investing and wondering, can I stay in the off-season of my vacation rental and still have it as a business? How would that work? Is it different if I have an LLC? Are there any good books out there that help understand this? Thanks for reading.

Most Popular Reply

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240
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109
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Jeremy Baker
  • Real Estate Investor
  • Aurora, CO
109
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240
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Jeremy Baker
  • Real Estate Investor
  • Aurora, CO
Replied

I'm not a CPA, but you can most certainly stay at you're VR and keep it classified as an investment rather than a second home.  As long as you limit your usage to 14 days or 10% of the time it is rented, you will keep that property classified as an investment.  Being able to use your VR is a great perk!

  • Jeremy Baker
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