Apr 11, 2024 Build A Real Estate Portfolio While Minimizing Tax: Cost Segregation and the Short-Term Rental Loophole
In an interview by Arda Bircan, Founder of STR Tax Loophole, Alex Bagne, President of ICS, explains how savvy investors combine cost segregation with the short-term rental loophole to minimize income taxes, grow a real estate portfolio, and build generational wealth. He discusses a real-life scenario in which a successful C-level executive earning $500K annually from his job buys a $1 million-dollar short-term rental property to produce income, and then has a cost segregation performed to generate huge tax deductions that significantly reduce his tax liabilities.
Do you have a short-term rental? Are you considering purchasing one? Contact Joe Fadell MBA, Regional Director of ICS to receive a complimentary cost segregation benefit analysis.