Updated almost 3 years ago on . Most recent reply
STR in Historic District
BP Community, looking for advice/connections on the following: CPA with STR experience, RE Attorney, & Cost Segregation. Below is our situation!
Property Location: Downtown Raleigh, North Carolina
Investment type: Short-Term Rental
The property is over 100 years old and is a contributing property to the Raleigh Historic District. It is not a landmark, nor has any previous owner tried to register it as one. We’re currently contemplating two paths with the property. A) renovate B) full demo and rebuild. I’m hoping to connect with professional(s) who have experience navigating this terrain. I’m specifically interested in the comparative tax breakdowns of (A) & (B).
Most Popular Reply
#5 All Forums Contributor
- Investor
- Greer, SC
Renovate is way cooler given where you are. Take something old and make it nice.