All Forum Posts by: Dali Wei
Dali Wei has started 1 posts and replied 6 times.
Post: S elected LLC to hire a property management company to company STR
- Posts 6
- Votes 1
Quote from @Sarah Kensinger:
Quote from @Dali Wei:
Quote from @Sarah Kensinger:
We were going to do something similar to this but ended up moving on to a different strategy. I'm thinking it's more simplified then the write up here. Here is a video from our business advisors that explains the strategy. Ultimate Leasing Strategy
Post: S elected LLC to hire a property management company to company STR
- Posts 6
- Votes 1
Quote from @Sarah Kensinger:
We were going to do something similar to this but ended up moving on to a different strategy. I'm thinking it's more simplified then the write up here. Here is a video from our business advisors that explains the strategy. Ultimate Leasing Strategy
Post: When Can RE losses not be taken against ordinary W2 income?
- Posts 6
- Votes 1
@John Malone For example, the loss from cost segregation and bonus deprecation and use that to offset both rental income from Airbnb (via the s elected LLC) and W2 income. Is that a valid approach?
Post: When Can RE losses not be taken against ordinary W2 income?
- Posts 6
- Votes 1
What if I have a s elected LLC to manage the STR and there would be loss to the business. Can the loss of the business be used to offset my W2?
Post: S elected LLC to hire a property management company to company STR
- Posts 6
- Votes 1
I talked to a CPA firm and they told me that if I have a S elected LLC to manage the Airbnb (even hiring another property manager through the LLC), the income of the rentals of Airbnb can be considered as income through business and the deprecations of the property (such as bonus deprecation) itself which brings losses to the business can be used to offset the W2 income. I didn't find any explicit information around this. Wondering if anyone could point me to some links online for this and welcome any comment on this as well.
Post: Best Cities for Air BnB Investing in 2023
- Posts 6
- Votes 1
Quote from @Heather Gates:
I also read recently that Hawaii home prices have dropped more than expected! What an amazing market to get into.
Hmm from what i know the Waikiki condos that are eligible for STR still very popular and the price isn't dropping IMO>