Michael Chang - STR Like The Best

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Disclaimer: This information on this channel is for educational purposes only and does not constitute professional legal or tax advice.

Before you put $100,000 to $200,000 down on an Airbnb, use the 7.5x rule to see if the deal is even worth analyzing.
Revenue is not cash flow. And a bad deal with bonus depreciation is still a bad deal.
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Disclaimer: This information on this channel is for educational purposes only and does not constitute professional legal or tax advice.

The STR loophole depends on the seven-day rule.
If your average guest stay is over seven days, you may not have the short-term rental tax treatment you thought you had.
That means you could buy the property, run the cost segregation study, expect a major year-one write-off, and then find out the property does not qualify.
Before I buy, I want to know the market, the comps, and what the average guest stay actually looks like.
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Disclaimer: This information on this channel is for educational purposes only and does not constit

If you want to learn how high-income families are using short-term rentals to keep more of what they earn: 1️⃣ Follow me.
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Disclaimer: This information on this channel is for educational purposes only and does not constitute professional legal or tax advice.

Before you think about depreciation, cost segregation, or first-year tax savings, check the local rules.
A property has to be legally operable before the numbers matter.
If you want the market selection guide we use to think through this: 1️⃣ Follow me.
2️⃣ Comment “GUIDE”.
3️⃣ Check your DMs and I’ll send it to you.
Disclaimer: This information on this channel is for educational purposes only and does not constitute professional legal or tax advice.

If you want to calculate how much of your income is leaving before you touch it: 1️⃣ Follow me.
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Disclaimer: This information on this channel is for educational purposes only and does not constitute professional legal or tax advice.

The right Airbnb can create tax savings without becoming a property that bleeds cash.
One of our properties was bought for $995,000. It did $223,994 in revenue over the last 12 months and still cash flowed $71,835 after expenses and debt.
Then cost segregation and bonus depreciation created $123,000 in tax savings.
Year one total benefit: $194,835 from one property.
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Disclaimer: This information on this channel is for educational purposes only and does not constitute professional legal or tax advice.

If you want to learn how retirement-account withdrawals can be paired with short-term rentals: 1️⃣ Follow me.
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Disclaimer: This information on this channel is for educational purposes only and does not constitute professional legal or tax advice.

If you want to learn how high-income families are using short-term rentals to build generational wealth: 1️⃣ Follow me.
2️⃣ Comment “TAXES”.
3️⃣ Check your DMs and I’ll send it to you.
Disclaimer: This information on this channel is for educational purposes only and does not constitute professional legal or tax advice.