All Forum Posts by: Lorraine Brock

Looking at building a cabin in their starting this July. Would love some feedback on doing a STR now with interest rates going up and will continue to go up. It is like we are setting up on a ticking time bomb slowdown of spending is bound to happen and that means people lose jobs. Gas very high, inflation due to so much government spending... and people are slowing on buying homes. I am looking in Broken Bow, OK where there are already cabins for STR. What are investors thinking now.. hold, wait, what?

No income. We purchased it to do repairs and we start leasing in about 30 days. I was expecting to deduct or write off all our repairs over 100K and of course take a loss this year.

We purchased a 24 unit apartment complex. No renters. We are renovating it. We purchased in 11/18 and had a lot of expenses in 2018 AC, electric, etc. My tax person is saying we can not deduct any of those expenses on our 2018 taxes because we had no tenants but can next year in 2019 when we have tenants. I have never used this person before and wanted to get some feedback. I am tying to avoid Capital Gains tax by off setting it with the improvements we have made in 2018.