I have an accepted offer to buy a property for STR, would be my first. Hope to have it ready to go Nov 1. Do I have to have a certain number of bookings to qualify for the STR loophole for 2025?
- Why do you want to save money on taxes? Not just “to save money” — but what does that money mean for your life? - Where are you right now in your journey? Just starting out? Own rentals? Flipping or doing STRs? - What’s your #1 challenge right now — your “big domino”? The one thing that would make everything else easier?
Saving money on taxes means more money towards traveling the world. My husband and I currently own 7 LTR doors and one STR. We are hoping to purchase another LTR in the next 60 days. Our current challenge is not being smart enough on the tax strategy.