All Forum Posts by: Mark Perlberg

Unfortunately not. Buying through cash or leverage has no impact on the tax treatment. You'll likely capitalize and depreciate the property over 27 or 39 years. 

Sure, but you would need a capital gains plan or enough losses to offset the capital gains to have no cap gains if sold for a gain. When you sell, a portion of the proceeds will likely pay off the loan from the refi. 

I'm a CPA for investors and beginning investor flying to Guatemala City on 12/12, and staying until at least New Years. Let me know if you want to meetup! 

I'm flying to Guatemala City on 12/12, and staying until at least New Years. Let me know if you want to meetup! 

More work, better cash flow, new tax saving opportunities and challenges. One of the best way for newbies to get started to get tax refunds and build cash savings fast. 

I have an STR here in Charlotte and it does pretty well. It's actually in Mooresville, away from the center of the city. I was warned it wouldn't get much attention, but it turns out there's still a good demand in a less populated area.

Also consider local taxes on hotels that will apply. This may be called lodging or hotel tax and can be pretty steep. You'll charge your guests this automatically through most platforms. 

Too much work to do all the cleaning and prep for me! I use turnoverbnb to help with delegating tasks between guests.  

You might be able to rent it out on Airbnb or other sites and block off the dates when you're renovating it. There will likely be favorable tax consequences of selling a rental property instead of outright flipping: 1031, capital gains treatment, passive income, etc.  

Checkout rental arbitrage