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Updated about 4 years ago on . Most recent reply

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2
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1
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Freddy Poveda
1
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2
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RV rental for cash flow and depreciation?

Freddy Poveda
Posted

I am considering buying a 5th wheel RV in the name of my business so I can use apply accelerated depreciation and get 100% depreciation on year 1, which I want to offset my wholesaling income for the year.  I consulted this with accountant and he says as long it is a 100% business use is a valid opportunity from the tax perspective. The idea is to park it and pay rent for the lot on a RV resort in Florida that already allows airbnb rentals. Once set up it will be available on all short term rentals websites, rv share and doorsy. 

Does anyone here know where can I get the best financing for this opportunity? 
Anyoned done something similar? what else am I missing? 

Any feedback is appreciated. Thanks. 

Most Popular Reply

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575
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580
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Robert Gilstrap
  • Residential Real Estate Broker
  • Cartersville, GA
580
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575
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Robert Gilstrap
  • Residential Real Estate Broker
  • Cartersville, GA
Replied

Dude, you just blew my mind on several fronts!  Tax savings to offset other income through accelerated depreciation PLUS an RV as an Airbnb!

  • Robert Gilstrap
  • [email protected]
  • 770-480-7301
  • Loading replies...