There are a few rules and things that can save STR owners some money on taxes depending on your situation.I had no idea what they were and he saved us a ton of dough.He is in WA state and I can ask him if he is taking new clients if you are interested.

Less supply + higher rent is what tenants really get with these new laws. 

You can use a 1031 exchange to reinvest in a new property to defer those taxes.

After that year, you can move and purchase another property with an owner-occupied loan, as long as you intend to live in the new property as your primary residence.

My wife and I purchased our first rental property here in Maui in June of 2023 to use as an STR as it was a consistent market, numbers worked, and we live 5 minutes away from the property so self-managing made sense! ...

I am new to real estate investing and was looking into taking a heloc on my primary to purchase land and do a construction loan.

In short, if I invest $100k on a new property for long term rental, I want to make sure that I can position the $100k fully as a business loss in 2024 reducing  my total taxable income by $100k. 

I know and am aware there's no guarantee, however since I'm pretty new in the real estate game, I'm not too familiar with syndications companies, and it's important for me to invest with a company that has been around AT-LEAST 5+ years, which seems to be not so common right now to what I'm finding. 

My wife and I have been doing an MTR-exclusive startegy for 3.5 years, and we still have a hard time figuring out how to predict vacancy, especially in a new market that we're considering.If we look at FF's (pretty crummy) data on their website we either see very few listings, so we think "no one is investing here; bad" or we see a lot of listings and think "too much competition; bad". 

Hey all, I'm new to investing,.