Anyone own a vacation property and rent it out? Was thinking about it as an investment and using it for 2-3 weeks out of the year.

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Dad does this

Turnkey is great for tax purposes too

PC1 - how do turnkey properties help with taxes?

I do. Nice to have other people paying your mortgage off.

Well you buy everything which typically means your biz can run a deficit which allows you to buy nicer things while reducing your effective tax rate. If you are hoing to soend some time there, it provides a great opportunity.

Some of those nice things you buy for the property, sometimes find their way to your personal residence🤔

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Hi guys 👋🏻

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