All Forum Posts by: Stevee Danielle

I have a question. I own a property outright that is 650k. It has been my primary residence but I want to move. Could I rent it out for a year and then do a combination of a 1031 exchange. Take 400k to buy an investment property while taking advantage of the 250k tax exemption on capital gains for primary residence?

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Henderson, Nevada

Quote from @Sarah Kensinger:

Quote from @Stevee Danielle:

Quote from @Sarah Kensinger:

Hey, I'm working on an exact same project!! You'll need to narrow down the location (or two or three) and keep call RV parks. I would try to find one that does a couple long term parked trailers with vacationers, but the park needs to have a vacation feel not a residential feel! The best of the best is out west on a small piece of land with a built-in deck, hot tub, fire pit etc. That is a big thing right now that people love, glamping without the hassle! Also make sure to get good insurance that would cover the RV since it'll be used as a STR.

Thanks for the info. What markets are you focused on?

Due to different circumstances the RV needs to stay in the area it's already in. So, we found a campground in the country, right outside a major college town in Oklahoma. I'm hoping to target couples and small families looking for a camping experience without the hassle.

Really!? I'm actually moving to Oklahoma in a couple months. Can you tell me where you are looking. Thank you so much for the info!

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Quote from @Sarah Kensinger:

Thanks for the info. What markets are you focused on?

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Quote from @Michael Baum:

Hey @Stevee Danielle, so you are looking for a place anywhere in the USA to park a trailer and rent it? Where did you find the demand?

Can you be a bit more specific on a location?

I guess you could buy a lot outside of city limits somewhere and hook it up. See how it goes?

The question is too vague to really provide any help.

I am looking for any RV park in the country that will allow me to park my RV and rent it out.

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Quote from @John Underwood:

Have you researched if the masses would be interested in staying in a trailer vs a house?

Yes there is a market for it.

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Does anyone know of a good place to park and str a trailer? All the rv parks I called said they don't allow it.

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Thanks!

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Thanks for the info. This helps

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Can anyone tell me exactly what part of sec 469 of the tax code that explains what qualifies you as a real estate professional? I am having a disagreement with my CPA. He says that you have to have a 7 days or less on average AND offer significant services. Everything I am reading and the tax class I took says that you have to maintain an average of 7 days or less OR 30 days or less with Significant services. Can someone please shed some light on this. Thanks!

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All Forum Posts by: Stevee Danielle

Stevee Danielle has started 6 posts and replied 12 times.

Post: Combining 1031 and primary residence

Post: Str in trailers

Post: Str in trailers

Post: Str in trailers

Post: Str in trailers

Post: Str in trailers

Post: Tax question on sec 469 for short term loophole

Post: Sec 469 str loop hole

Post: Sec 469 str loop hole

Post: Tax question on sec 469 for short term loophole