All Forum Posts by: Julia France

I am new to the concept of bonus depreciation and trying to get a better understanding. In the first year of business (2023) should I use bonus depreciation for improvements, furniture, irrigation, landscaping? Can I expense AND depreciate these? My husband and I do all our own work so the value of these wouldn’t be as much as hiring out. Any good information or insight would be greatly appreciated. My short term rental is currently set up on a 39 year depreciation.

Hello!

I am new with short term rentals and have been operating one since November 2022. I am looking for a CPA in Tallahassee, FL area who can help with my STR and give advice. My current CPA doesn't deal with STR.

Thanks

I'm about to purchase my first investment property/vacation home. I have been offered a 5/1 arm at 4.875%, 7/1 arm at 5%, or fixed rate at 6.75%. Would it be a bad idea to go for the 5/1 arm at 4.875%? Does refinancing at the end of the 5 year arm cost the same as it would to refinance a fixed rate? I have done my research but also want the opinions of the pros.

Any advice would be great. I have had my offer accepted, now getting a loan provider.

Thanks for the help! I agree buying a house and starting small will be wiser for me starting out. A friend and contractor has quoted $200/sqft on concrete pilings, I imagine there will be many more unforseen costs. 

I will keep watching for affordable houses and go with what yall recommend, thank you!

I'm having a hard time finding a good real estate deal at Mexico Beach, FL. It seems it will be cheaper to just buy a lot and build. Are there any good resources or books for this? I'm a rookie in the real estate investment game. I am set on the location and I would like to STR and occasionally enjoy myself as well.