Make the 2nd home a rental property. Keep your wife home. Depreciation is a good

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Oct 19, 2019
10:21:00am

PhilPete All-American

Make the 2nd home a rental property. Keep your wife home. Depreciation is a good

tax play.

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PhilPete

Previous username: philpete84041
Bio page: PhilPete
Joined: Sep 24, 2003
Last login: May 6, 2024
Total posts: 27,139 (28 FO)

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Messages

Author

Time

Anyone have experience with home-sharing arrangements?

Supercoug [censored]

10/19/19 8:37am

So...this dude and your wife

CoogsWin

10/19/19 8:42am

It's a 2-story house so not on the same level.

Supercoug

10/19/19 8:43am

I would search around and see if this two story house has stairs connecting

BYUheaven

10/19/19 8:47am

It’s fine, he found a great babysitter on Craigslist to stay with him for the

Martin Van Nostrand

10/19/19 8:46am

Neither house is in a Cul-de-sac, so it is all good.

BYUtka

10/19/19 8:53am

RE: Anyone have experience with home-sharing arrangements?

billyrust

10/19/19 8:51am

Divide the rent by the number of bedrooms

10/19/19 8:51am

ave you checked out air b&b for rentals

Tarbo

10/19/19 8:53am

I have not

10/19/19 8:55am

Is this real??

N8Dawg

10/19/19 8:53am

Can’t you call it a primary home and just not live there?

cougarblue

10/19/19 8:56am

Don’t want to deceive the IRS. Recipe for disaster.

Supercoug

10/19/19 8:58am

Yeah I guess you’re right. I’d still lie or pay more taxes

cougarblue

10/19/19 9:03am

He might only be paying for some but he’ll be using all the bedrooms...

cougfanz

10/19/19 8:58am

Supercoug with some additional life lessons:

byubyu

10/19/19 8:59am

My wife and I did a similar arrangement. It contributed directly to our divorce. And may have been a factor in her

CDV

10/19/19 9:08am

This sounds like a horrible idea, pay the taxes or sell the house

boyblue

10/19/19 9:09am

You need to wake up from this dream

Notparticularly

10/19/19 9:12am

are you predicting a crash in the real estate market?

Supercoug

10/19/19 9:13am

I can't think of any thing that could go wrong here.

fredy

10/19/19 9:15am

Probably an instagram model

Cougarclaw

10/19/19 9:16am

I have three other houses here in Manti. No other men sharing them though.

Manti

10/19/19 9:28am

I don't know if this is a joke or not, but any kind of separation from your

byusage

10/19/19 9:35am

Long periods of time? It’s only 4 days a week or so.

Supercoug

10/19/19 9:44am

Yep come on guys it's only 60% of the time.

supertux

10/19/19 11:01am

This might be the stupidest idea I’ve ever read about

shammy

10/19/19 9:50am

Cray cray idea

VballDad

10/19/19 10:16am

Make the 2nd home a rental property. Keep your wife home. Depreciation is a good

PhilPete

10/19/19 10:21am

You shouldn’t call another man’s wife a depreciable asset.

bluesloth

10/19/19 7:40pm

She’s already cheating on you, wake up.1-see a divorce attorney2-sell house ASAP

VballDad

10/19/19 10:36am

I've re thought this. You have an excellent plan. This way,

CoogsWin

10/19/19 12:01pm

Did you say home sharing or wife sharing?

Real Men Wear Blue

10/19/19 7:30pm

I'm not seeing the distinction here.

Born2Fish

10/19/19 7:36pm

I'll have my wife ask our ministering brother. She and he go do CrossFit

UberDeek

10/19/19 7:49pm

RE: Anyone have experience with home-sharing arrangements?

solomonlangwith8

5/28/22 7:14am

RE: Anyone have experience with home-sharing arrangements?

kirstisiske88

5/28/22 7:24am

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