Hey team! Just bought our first STR and launching in spring! Since we are early in the year, would you guys suggest trying to close on one more this year? Or is it best to spread it out 1 STR purchase per year to gain maximum Cost segg benefits to offset W2 income?
@Ernie Kim hi Debby! I’ll check in as we progress. We actually made the offer without seeing the property. But I drove up during the DD period to check it out. If we close mid Feb then I’ve interviewed virtual design companies that will design the space and then I can choose to do install myself or have a company do the install. I think taking on more myself will cost less if I can handle it, but I think I could also manage it fully remotely by paying a team more. I’ll keep you posted on how it progresses!
@Ryan Bakke, CPA super helpful! Thanks. Just to be clear - if we close on a 2nd property in 2026 could we have the cost seg performed this year but roll over the depreciation into 2027 instead of taking it all at once to lower the following years bracket?