As you know, as part of the PhREI network, we decided to start a weekly roundup to share new activity from across the network. Enjoy!
Ian Cook of Carpe Diem MD tells you how to choose your ideal short-term rental market. In fact, he gives a step-by-step guide detailing exactly how to do so! By the end of the seven steps, you’ll be an expert!
Daniel Shin of the Darwinian Doctor gives three ways to avoid depreciation recapture tax on rental properties. The three options, you wonder? Here you go!
- Sell your property at a loss;
- A 1031 Exchange; or
- Keep your property until you die.
By the end of this post, you will understand depreciation, the depreciation recapture tax, and more about those three strategies to avoid this tax.
If you’re a regular here on my blog, you know by now that Selenid and I do a deal analysis of each of our rental properties. This one is no different. Let’s go through, in detail, the deal analysis of our sixth rental property!