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My wife and I are about to put our WI lakehouse out as a STR this year. For liability purposes our financial advisor is recommending creating a LLC for managing all of the STR stuff. I'm in agreement but I'm not entir...
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How is President Trump going to effect the Real Estate Industry, will it benefit the investors or impact the market and investors?
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I haven't bought a deal or anything I'm still saving up, I'm at 25k I'll hopefully be ready to buy in the next three years, otherwise the city I'm buying in is Barrie which is generally a great appreciation market, I'...
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I've received advise that our friendly STR loophole can not be used to characterize STR income/loss as non-passive on a California tax return. I can see an explicit exception in CA Tax Code § 17561 that says you can n...
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New to this, so please be nice :)1. If we meet all of the requirements and choose to take bonus depreciation on an STR in 2024 (to take advantage of the 2024 40%), would recapture occur if we decided to change use in ...