STR Rental Near NYC

[Peter Mastrorocco]

Hi All! 

I am interested in STRs near NYC to take advantage of new tax law and depreciation to offset W2 income. Would love to chat with anyone who specializes in areas similar to the below.

- Long Island (Fire Island, Hamptons, Northfork) 

- New Jersey (Jersey Shore)

- PA (Poconos)

- Upstate NY (Catskills, Fingerlakes, etc)

- Any other areas where it is still reasonable to have material participation (unsure of the real test here / if other geos are a no-go for tax reasons) 

Clearly still a fair bit of research needs to be done on my end but would love to speak to some professionals to hone in on where I should be researching and learning more…

Thanks in advance for all the advice!

[Peter Mastrorocco]

Quote from @John Underwood:

What new tax law?

 Just the permanent bonus depreciation on real estate in the "Big Beautiful Bill"