We as a firm have investors working with us who have short term rental properties all over the US for example big and small, and they are doing the "short term rental loophole" .Finding a real estate-focused tax professional and one who can help with advisory and grow with you would be my suggestion to focus your efforts on finding.

We as a firm have investors working with us who have short term rental properties all over the US for example big and small, and they are doing the "short term rental loophole" .Finding a real estate-focused tax professional and one who can help with advisory and grow with you would be my suggestion to focus your efforts on finding.

There's so many reels on social media explaining so many different loop holes and I feel like I'm missing out on the advantages of real estate.

There has been too much of that lately with people too excited about the short term rental "loophole", resulting in bad investments just to save a few bucks in tax.I have a ready solution - say you sold a rental property for $1m, then you can just pay me $1m in fees to talk about it, and you are at net $0 of income ;)

On the other hand, the vast majority of people doing STRs are little guys, and there are so many tax loopholes for big business.

Hey @Laura Casner, My Tiny piece of advice would be to understand the "Short term rental loophole" rules before buying anything.

You could also make your fix and flip projects into short term rentals and try to go for the "short term rental loophole".  

Have a few questions regarding STR loophole and ways to save on taxes.I have a W2 and I am on H1b visa.

I have been using my vacation home as an airbnb since January of this year but I will be using it for personal stay from November to Feb.Will I still be able to use this property for reducing my taxes after a cost seg study using the STR loophole since it had been a STR for the rest of the year?

This is only possible with the "short term rental loophole".