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26 January 2025 | 3 replies
I'd be happy to connect further regarding your questions about more specific and nuanced details.
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25 January 2025 | 2 replies
The devil is in the details.
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6 February 2025 | 13 replies
This can provide a better depreciation benefit than traditional STR real estate.If permanently affixed to land, it qualifies for real estate depreciation (27.5 years for residential properties).Considerations:Zoning laws and campground restrictions may impact legality.Self-employment tax risk arises if you provide substantial guest services.Vacation home rules apply if personal use exceeds 14 days or 10% of rental days, limiting deductions.Audit risk is high, so keep detailed records of participation, expenses, and rental operations.Given the potential tax benefits and complexities, consulting a real estate tax professional is advised to ensure compliance and maximize deductions.This post does not create a CPA-Client relationship.
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12 February 2025 | 27 replies
I'd love to hear more details.
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31 January 2025 | 5 replies
The only creative way I can see (obviously not knowing enough details) is an owner carry with you as the operator and a JV partner as the financial backing.
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31 January 2025 | 7 replies
However, there's a critical detail that many tax advisors conveniently overlook when promoting these studies.Here's the uncomfortable truth: If you're a high-income earner (AGI > $150,000) and not actively managing your properties, those promised tax savings might be locked away for years.
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7 February 2025 | 7 replies
I have a detailed reply above that explains it and provides the code citation to read as well
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21 February 2025 | 29 replies
Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!
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21 January 2025 | 1 reply
I love the more detailed analysis but I'm overwhelmed.
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11 February 2025 | 21 replies
Whats your number/email I can send details and pics?