How anyone can legally pay $0 taxes. | E110 @karltondennis
rich_somers
2024-04-06 02:35:27
you're virtually tax-free you buy a million dollars short term rental and your average guest stay for the calendar year is seven nights or less and you do a cost segregation study you might get somewhere around thirty percent appreciation that's a million dollar property that's three hundred thousand dollars and you probably put a fraction down on that property i bought properties that are short terminals today that actually got zero money down now you capture that thirty percent bonus depreciation and use that to offset your active stream of income yes that is a huge tax savings that a lot of people just don't allude to and this is what i'm trying to tell more wwe taxpayers to do acquire a short-term rental have your tenant stay in there on average seven days or less you only need to get to one hundred hours you're going to get to one hundred hours before the end of the year setting up a short term rental property and now you get to benefit from some of the same tax laws that these big real estate investors get to benefit from which is depreciation
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