All Forum Posts by: Israel Mendiola

Hi there! Do you know if it is possible to do the cost segregation and bonus depreciation if I non-resident of the US? I don't live in the US and I don't have another income in the US (such as employment or earned income), but I have a property that was rented starting in September 2023.

0 Votes

@Bonnie Griffin Kaake Hi there! I came across your comment and I would like to know if it is possible to do the cost segregation and bonus depreciation if I non-resident of the US. I don't live in the US and I don't have another income in the US (such as employment or earned income), but I have a property that was rented starting in September 2023.

2 Votes

New York City, New York

Hi Zachary,
Thanks for replying to me.
It is not easy to connect to someone who knows international CPA. Most of the guidance focuses on individuals who reside in the US but not foreigners who invest in US properties and live outside.

0 Votes

Hi Community,
I was wondering if some of you are foreign investors here. I recently bought a property in the Smokys and I am totally newbie in this industry. As I am neither a US citizen nor a resident, I would like to know which taxes I need to pay and which rules I need to follow.
So, if you are a CPA with international/cross-border knowledge please let me know, I would love to connect. As April 15 is approaching, I understand that no CPA would be available to talk right now. Therefore, I will submit an extension in the meanwhile.
Thanks in advance!

1 Vote

Hi friends,

I have a matter to discuss with you. I am interested in purchasing a property in Tennessee as my first investment for short-term rental purposes. However, I reside in Canada and I am uncertain whether I should close the transaction under an LLC or using my personal name.

Would you kindly provide me with your recommendation on this matter?

Thank you.

0 Votes

Quote from @Brianna Carnahan:

I have 3 STR's of my own, and manage 4 for others- it is 10000% the way to go. I manage a dry cabin STR and it has a 90% booking rate at $90-105/night.

Would love to connect
Hi Brianna,

I would like to connect with you and talk about Fairbanks. My connection request still pending.

0 Votes

Quote from @Andrew Steffens:

In general I think it is not a bad market as there are lower price points, taxes, etc. However, that area many are reporting is too saturated. Tampa area is still doing pretty decent IF you have a high quality product

Thanks! Yeah! But I heard that the regulations have recently been tightened in Tampa for STRs, isn't it?

0 Votes

Quote from @Alice Horn:

Quote from @Shawn McCormick:

@Israel Mendiola You are getting some mixed signals here. I live here and work in this area and have sold dozens of STR in Davenport/Kissimmee. You do need to be in the right community if you are looking for strictly cash flow. If you plan to use it yourself, use it as a write-off or something else, you'll have more options.

There are resort communities like Championsgate, Windsor Island, Solara and several other top tier resort style communities that are literally built to be STR without fear of the HOA or city retaliating against you like is happening all over. You can go outside of these or pick a lessor amenitized or 'regular' community, but the numbers will likely not pan out.

Happy to dive a little deeper on this if you like, there are a lot of nuances to understand about this market compared to others. Just PM me.

Best of luck.

@Israel Mendiola, as Shawn and others have stated, the Disney-focused market in Davenport is about supply and demand. Yes, there is a lot of supply but you can set your home apart and appeal to the vast Disney market by making the home unique. This can include original decorating choices and other factors like the view, location within the resort, orientation of the pool and much more.

On the other hand you may want to consider some of the smaller resorts (in Kissimmee, not Davenport) that are closer to Disney. Windsor Hills, Emerald Island and Bella Vida to name a few. There, you'll find less traffic, a shorter drive to Disney and you may also find lower RE prices allowing for a higher decorating budget to set your home apart.

Just food for thought...contact me if you would like to brainstorm or run some numbers.

Thank you so much!

0 Votes

Quote from @Brooklyn McCarty:

Davenport is a Short Term Shop Market! Avery Carl’s team operates here.

Is it a good market for you? I think that depends on, well, you. Study the market and see if it fits you. Do you want to cater to families with young kids? Families who save for multiple years to go on this one trip that may be the only time they ever get to go to Disney? You have the chance to create some real magic for guests.

As far as numbers go, use the enemy method. See what other properties are doing to get a look at their income. Check out reviews of properties in resorts you’re interested in. See if guests like that particular resort.

Yeap! It is my understanding that Avery Carl’s team operates there.
Thanks for sharing your thoughts.

1 Vote

All Forum Posts by: Israel Mendiola

Israel Mendiola has started 5 posts and replied 23 times.

Post: Feedback on Thach Nguyen's mentor program springboardtowealth

Post: Cost segregation for a non-resident of the US

Post: Cost Segregation Questions

Post: US Taxes for foreign investors

Post: US Taxes for foreign investors

Post: Set up an LLC out-of-state for my first STR

Post: Short term rental in Fairbanks, AK

Post: Is DAVENPORT, FL a good market for my first STR???

Post: Is DAVENPORT, FL a good market for my first STR???

Post: Is DAVENPORT, FL a good market for my first STR???