If you're looking to expand your STR portfolio and in particular take advantage of the likely extension of the accelerated depreciation for tax purposes, this Spring or Summer could be a good time to secure your west coast STR property. 

Let’s say we’re shooting for $50k tax saving per year. 

Tax BenefitsWhen buying in low cost areas, it can be difficult to achieve FIRE without high volume of units.

But high level yes, that is how hard money mortgage loans are going to work - if theres a default --> the path proceeds toward a foreclosure since these loans are at their base secured by the real estate

We are currently waiting to see the experience with the Florida LLC, re insurance, tax, beneficial ownership issues before we deed the Virginia properties into the LLC.

So I help investors in the process that lets them sell investment real estate and purchase replacement real estate without paying tax on the profit.  

And keep in mind this is in addition to your normal tax liability.

Each year being worse than the one before with higher insurance, property taxes and wages?

We are looking for someone to help us file taxes (both for LLC and personal) for this year and try to mitigate any tax loses, but also who we can build long term relationship as we grow our portfolio.

My wife and I are currently looking into investing in Detroit and have secured the pre-approval letter.