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Summary
AI-generatedThis video explains how using a short-term rental (STR) and materially participating in its management for over 500 hours a year enables deducting depreciation, mortgage interest, and operating expenses. They purchased an STR for $718,000 and used a cost segregation study to identify bonus depreciation, allowing them to deduct over $200,000 in year one and save $54,931 in taxes while building an STR portfolio with an annual cash flow of $73,715.
Key insights
A cost segregation study can help identify bonus depreciation opportunities on your STR.
Mistakes to avoid
Failing to materially participate in your STR can limit your ability to deduct losses against your other income.
Tools & resources
Cost Segregation Studyservice
A cost segregation study identifies the components of a building that qualify for accelerated depreciation.
Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial