All Forum Posts by: Connor Dunham

@Madalyn McCurdy Welcome. Wasilla will be great for appreciation.

@Natalie Kolodij True. I mainly pointed to the video because it explains the deduction well and the participation requirements to count towards non-passive income. New construction costs can be easily broken out without a study. In my case, I acquired an existing structure for an STR.

@Chad Tessmann watch this video for an explanation by Brandon Hall -

https://youtu.be/SGD5-NTxVCk

You need to do a cost segregation study to use bonus depreciation. The benefits are less, the lower your tax bracket.

Hi Sri,

There's a fair number of STR managers to choose from between Girdwood and Willow. They will get more scarce as you get to Soldotna, Kenai, and Homer. Look up @Valerie Buss to find some connections on the Kenai, she lives down there. AirDNA.co has all the data you need to select the right market for an STR. 

Best of luck with your search.

@Robert Murphy This only applies to California, Oregon, and Washington. Thanks for the scare!

https://www.fema.gov/sites/def...

@Keith Jenkins Welcome to the 49th state. Enjoy the midnight sun while it last.

@Christopher Alan Rush I've seen good deals even this summer. Not that I'm buying right now... But the numbers work. It's a tricky market for buy-and-hold investors. I'm interested to see if the rise in rents will stick over the next 18 months. Generally speaking, if you're still renting and have a horizon greater than 5 years, you should buy something greater than 2 units asap. Good luck with your search.

I'm up for that (as always). I may be a little tired as I get off of a plane flight the day before.

^Delete This^

@Roberto Medina If you want a fourplex, go live in it first and use a 5% down FHA loan. Don't cash out your 401k. Use a 401k loan feature or roll funds into a self-direct IRA (or equivalent) where you can purchase real estate using non-recourse and let your investment grow tax-deferred.