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Updated about 2 years ago on . Most recent reply

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Bruce Woodruff
#1 Contractors Contributor
  • Contractor/Investor/Consultant
  • West Valley Phoenix
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Things to consider when selling STR?

Bruce Woodruff
#1 Contractors Contributor
  • Contractor/Investor/Consultant
  • West Valley Phoenix
Posted

Just contemplating selling one of my STRs and buying MF. I purchased it in July 2020 and it has been running as a STR full-time since Feb 2021.

Any thoughts, strategies, tax consequences, etc, I should be thinking about?

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John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
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  • Greer, SC
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John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Greer, SC
Replied
Quote from @Bruce Woodruff:

Just contemplating selling one of my STRs and buying MF. I purchased it in July 2020 and it has been running as a STR full-time since Feb 2021.

Any thoughts, strategies, tax consequences, etc, I should be thinking about?


 You could do a 1031 exchange to help with taxes.

  • John Underwood
  • Loading replies...