In today’s roundup from the PPhREI network, we discuss if it’s still the “year of the short term rental,” a possible crash in the housing market, and how to get an investment loan. Enjoy!
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Carpe Diem MD
In January, Ian Cook boldly proclaimed 2022 as the “Year of the Short Term Rental.” This made sense, as 2022 will be the last year of full bonus depreciation, which allows you to utilize a tax loophole to deduct away a massive chunk of your regular income. (Read more about this tax strategy here.)
A lot has changed since then, including runaway inflation and interest rate hikes by the Fed. It’s always good to look back and see if certain aspects of short term rental still make sense, though. Personally, I’ll still be pursuing this tax strategy again this year, as my investment is already in motion. Time will tell if it’ll survive the downturn!
Read the original article on the Carpe Diem MD blog: 2022 is the year of the Short-Term Rental
The Darwinian Doctor
On my blog this week, I discussed how the Federal Reserve’s interest rate hikes might end up with a real estate crash. Already, the borrowing power of your average homebuyer in this country’s been eroded over 30%, with no end in sight. However, there may be some factors that prevent an outright crash of the market.
Read the original post on the Darwinian Doctor blog for more: How the Federal Reserve Might Crash the Real Estate Market
Prudent Plastic Surgeon
Last but not least, Jordan Frey gives us the 7 simple steps to obtain an investment property mortgage. If you’ve been through a mortgage process for a primary residence, it’s fairly similar. However, there are some differences, including higher down payment requirements and generally higher interest rates. Kudos to Dr. Frey for demystifying the investment property mortgage!
Read the original article on the Prudent Plastic Surgeon blog: 7 Simple Steps to Obtain an Investment Property Mortgage
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