2 Years Ago I Paid $925K For This… 👀 #shorts

Summary

The host discusses tax advantages of short-term rentals, specifically cost segregation and bonus depreciation. They detail how they purchased a property for $925k, put 20% down ($118k) and used cost segregation to reach 80% bonus depreciation, which allowed them to deduct $156k from their taxable income, saving them thousands in taxes. The host rents the property to tenants who generate enough income to cover the mortgage.