I’ve watched a number of your videos in the last week. This is just another well delivered message from you. I greatly appreciate it. Getting smarter by the minute.
I do this with my primary home--great way to turn your biggest liability into an asset & have the SRT business pay most of the home expenses + meet a lot of really great people.
My primary residence is in the Hamptons plan to retire in 5 to 7 years and relocate closer to the kids in Connecticut with the strategy work for me if I converted it from my primary residence to a rental residence
The best personal finance channel on the tube! If you’re still listening to inexperienced millennials giving dumb advice then unsubscribe now….and subscribe to Ms Winsmith because she’s the real deal.
Could you consider having a follow up to this video? Please pair with doing a $1M mega-Roth conversion using the tax payment that would be paid on the conversion($350k), as the down payment for a $1M vacation STR home? No one is talking about this hybrid approach. Would love to hear your spin. We all have two years left to do this using bonus depreciation/cost segregation as the offset, particularly if the Senate approves bumping it back up to 100% in the lame duck session. It’s already passed the House of Representatives. Love your stuff, keep posting.
interesting - - i live in Boston. i bought a tiny cottage on Cape in 2017 - it was bank owned & strictly a cash deal. - later that same year another neighboring cottage came up for sale cash deal too - so i bought that one as well. they each cost me 55K to buy plus i invested about 30K total to make them both livable & rentable. these cottages are
I’ve watched a number of your videos in the last week. This is just another well delivered message from you. I greatly appreciate it. Getting smarter by the minute.
I do this with my primary home--great way to turn your biggest liability into an asset & have the SRT business pay most of the home expenses + meet a lot of really great people.
😂this is crazy I literally just bought a home in jamaica and thinking of what to do...your right on time thanks
My primary residence is in the Hamptons plan to retire in 5 to 7 years and relocate closer to the kids in Connecticut with the strategy work for me if I converted it from my primary residence to a rental residence
The best personal finance channel on the tube! If you’re still listening to inexperienced millennials giving dumb advice then unsubscribe now….and subscribe to Ms Winsmith because she’s the real deal.
Could you consider having a follow up to this video? Please pair with doing a $1M mega-Roth conversion using the tax payment that would be paid on the conversion($350k), as the down payment for a $1M vacation STR home?
No one is talking about this hybrid approach. Would love to hear your spin.
We all have two years left to do this using bonus depreciation/cost segregation as the offset, particularly if the Senate approves bumping it back up to 100% in the lame duck session. It’s already passed the House of Representatives.
Love your stuff, keep posting.
interesting - -
i live in Boston.
i bought a tiny cottage on Cape in 2017 - it was bank owned & strictly a cash deal. - later that same year another neighboring cottage came up for sale cash deal too - so i bought that one as well. they each cost me 55K to buy plus i invested about 30K total to make them both livable & rentable. these cottages are
I would love to know your opinions on obtaining finance related degrees as of 2024 and their futures against AI.