Rich kid flex, or financially-savvy parents
I thought for the 100% bonus depreciation on the cost seg study it had to qualify as a short term rental?
Any rental gets you the write-off - but STRs (something you actively manage) are unique bc you can use it against your W2 income
I always admired the dorm room vs. real estate asset decision. The part I’d want to stress-test is whether the property stands on its own once you include transaction costs, HOA, maintenance, vacancies and the actual tax mechanics.
lol love this
Sent to my brother who just dropped a freshman off at CU!
I thought for the 100% bonus depreciation on the cost seg study it had to qualify as a short term rental?
Any rental gets you the write-off - but STRs (something you actively manage) are unique bc you can use it against your W2 income
I always admired the dorm room vs. real estate asset decision. The part I’d want to stress-test is whether the property stands on its own once you include transaction costs, HOA, maintenance, vacancies and the actual tax mechanics.
lol love this
Sent to my brother who just dropped a freshman off at CU!