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Updated over 2 years ago,

User Stats

80
Posts
9
Votes
Matthew Koch
  • Investor
  • Twin Falls, ID
9
Votes |
80
Posts

Curious to know about frequent flyer miles programs

Matthew Koch
  • Investor
  • Twin Falls, ID
Posted

Isn't there a way to own property out of state that I could use as an Airbnb or VRBO or HomeAway program? After that's established in theory couldn't I utilize credit cards that offer frequent flyer miles to then be able to make purchases earn miles and then travel for free to go check on set properties for inspections or any damage that may be done to the property and such to then write it off as a business expense for tax purposes? If so and that is true then technically in theory couldn't I earn enough frequent flyer miles to make enough trips for free, that compensate for the amount of money that taxes would need to be paid for by owning that property in whatever state I'm investing in for that Airbnb or home away property? 

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