All Forum Posts by: Nathan M kiefer

 family owned company and i can time the payout of the bonus

If you were to receive a 400k bonus from a w-2 employer what is the best way to legally avoid as much tax as possible?

 agree to disagree-a loophole in tax is both, its not just a gap in the law.

A tax loophole is a tax law provision or a shortcoming of legislation that allows individuals and companies to lower tax liability. Loopholes are legal and allow income or assets to be moved with the purpose of avoiding taxes.

I just want to make sure that people don't get the connotation that using a loophole is illegal, it is not. 

 The irony is the whole tax system is a loophole, don't know why its so triggering? If you file your taxes and you have 5 kids and you don't take that deduction, you missed out on the loophole- the IRS designed it this way- the ENTIRE system is a loophole and those that know how to navigate it reap its benefits and of course some of us miss them and find them later. Tax loopholes are provisions in the tax code that allow taxpayers to lower their tax liability. The IRS designed it this way so that the "average joe" misses out on deductions. Its all how you look at it. As with everything "always and never" is proven wrong because there is someone out there right now making sure of it. 

we use spectrum and pay for there supplied router and modem, if thats an option for you, you can go in within there app on your account and reset it from there.

 Hey Jon,

very similar paths on this side as well. 45 years old still running a business but we have 18 LTR's and 2 Higher end STRs. Ltr's are local, STR's are 14 hours away in South Carolina.

Reading books, blogs, forums and all that is great but the bottom line is we got into it before we ever did any of that. Get your own boots on the ground, meet the people you will rely on aka the cleaners two handmen, meps(mechanical, electrical, plumbing) contractors. We also commit to going to our STR every 4-6 weeks and checking in, it is an extra cost but has bore fruit for us. Bookings and all that is simple- AIR,VRBO, we do a direct site we built but you can get by without. Most areas we have found that are hot spots have some sort of quasi "local" booking entity, we try to belong to them as well if they are credible.

As in anything with being in business almost 25 years, the better your relationships the better the response, this is no different. I have good relationships with all the people I rely on at my STR's and that makes all the difference.

Good luck and congrats on the sale of your franchise business!

Invest in some oars

we do all our STR's as cash deals with 10% finance as a baseline. We have also used a portfolio loan on LTR's to pick up one because we didn't have leverage on around 14 houses so the cash flow from those 14 definitely cover the payment on the str.

In my experience this is the only way to go one or the other. financing a STR and trying to cash flow and appreciate is a crap shoot right now.

It's a scam, have received same message 

happens all the time with us, not a big deal if its a day or two.