All Forum Posts by: Ashley James

 @Kaja Baum, do you have an STR in Warren County? Was the approval process simple and streamlined? Would love to hear your feedback or guidance as we are looking in Bentonville. thank you!

@Olivia Tati, did you end up going through the STR approval process in Bentonville/Warrent County? I'd love to hear if the process was smooth/streamlined/ easy as we are also keeping this area in mind for an STR. Thanks in advance!

Thank you, Michael!

Simple question for you tax gurus! Do you pay SET on your LTR if you have a property management company?

Thanks, Josh! This is helpful as we were wondering about bonus/accelerated depreciation in this scenario.

Also, good point about the mortgage. I was digging more for the tax strategies aspect but you make a good call out. The second property would need to be under a loan product other than a primary conventional.

Appreciate it!

Hello all, we are very green in understanding tax strategies for STRs and we're trying to understand how/what STR tax deductions can be captured for primary residences.

Below I have posed a scenario to use as an example. Can you all provide your thoughts?

Scenario: If one is to buy a new home to use as a primary residence ( till say Jan 1 2025), fix it up and get it ready for STR use starting Jan 2025 while STRing the initial primary until Jan 1, 2025, then move back to the initial primary and fulltime STR the new property.. Can one take advantage of the tax deductions associated with rehab, appliances, furnishings, STR set up costs, etc) that were required to get the new property STR ready in Tax year 2025? Can one take depreciation from the income generated from the inirtial primary in tax year 2024?

Morning everyone!

My husband and I are searching for a reliable General Contractor who can be a Trusted member of our team. We are in search of a GC who can walk through properties with us to establish a reliable rehab cost ( prior to purchasing the property), provide reliable, timely, and quality work at a price that is fair and will allow for us to scale and funnel all of our future rehab needs with this GC for years to come.
If anyone has a GC they can refer to us that meets this criteria, we would be extremely appreciative. 

thank you!

Ashley

 Jon, awesome response and article. I am new and looking to get into STRs that would also allow my family to vacation for free... i love your vacation 4 free model! 
I am finding lots/land in the areas I would like to vacation but hardly any homes for sale. Since this the case, would you consider buying a lot and building a home? 

Why/why not? Pros/cons? Considerations, etc 

Thank you!

Morning all,

I am a newcomer to Real Estate Investing out of the Central Virginia area. I have years of Key Account sales experience and want to get started into real estate on the side. I am going through the pre licensing courses/ process now.

My rough plan, as of current, is to begin flipping homes in desirable residential areas nearby and then move to flipping in the mountain/vacation setting. My husband is incredibly handy and loves reno’s (he will lose sleep from the excitement of finishing a project). If he was doing minimal renovating in this scenario (obviously no electrical wiring etc) is he required a contractors license?

I’m excited to learn and evolve from you all and I’ll glad accept any words of encouragement and helpful resources as we start out :)

Have a lovely day all!