We didn’t just buy a short-term rental in 2024.
Summary
Michael Chang's video showcases how he and his wife purchased a short-term rental property for $995,000 in June 2024, focusing on the tax benefits achieved through cost segregation and the STR tax loophole. By materially participating in the business and bonus depreciating a significant portion of the property's value, they deducted over $360,000 in Year 1, resulting in a $125,988 tax savings, and the property cash flows $80,000 per year on Airbnb.
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Curated by Learn STR by GoStudioM