On today’s episode, we’ll talk about a certain type of rental property and the tremendous tax savings that can be generated from it while simultaneously providing its own hedge to the common rental property risks.
Topics Discussed:
- The main problems with rental properties and minimizing taxes.
- Why it might be helpful to be classified as a real estate professional.
- What a Vacation Stay Residence is and how to qualify.
- What most ER docs don’t know about short-term rentals.
- What a Cost Segregation Study is and how it helps find the correct depreciation schedule.
- What you need to know about the risks and downsides involved in short-term rentals.
- Important exceptions that you should keep in mind.
Resources Mentioned:
Tags
rental properties, tax savings, ER doctors, ER docs, emergency doctor, financial planning, financial plan,
