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8 October 2024 | 22 replies
Did y'all get the VRBO email on their new Host Communication policy and with it, sale of property?
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12 October 2024 | 2 replies
Zillow will also offer climate history of a property alongside custom tailored insurance policies and carriers.
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11 October 2024 | 2 replies
However, it's important to note that using leverage in an IRA can trigger Unrelated Business Income Tax (UBIT), and there are strict IRS rules to follow to avoid prohibited transactions.
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11 October 2024 | 2 replies
Assembly Bill 1771, also known as the California Housing Speculation Act, aims to change real estate tax policy to discourage investors from quickly reselling properties like single-family homes.Under the proposed bill, an additional 25% tax would be imposed on the gain from the sale of a qualified asset (including homes) within three years of the previous sale.The tax reduction is dependent on the number of years passed since the initial purchase of the qualified asset, ranging from a 20% reduction for sales occurring between 3.01 to 4 years to a 100% reduction for sales occurring more than seven years after the initial purchase.The revenues generated by this tax increase would be deposited into the Speculation Recapture Community Reinvestment Fund, which aims to support affordable housing, local governments, schools, and infrastructure projects.The bill is introduced by Assembly Member Ward, and the proposed tax changes would take effect from January 1, 2023.Assembly Member Ward argues that short-term investors in the market, including fix and flip investors, contribute to rising housing prices, limiting opportunities for Californians to purchase homes.While the bill may discourage short-term speculative transactions, it is worth noting that California's tax laws still provide certain advantages for investors, including unlimited tax write-offs and depreciation benefits.The bill is subject to legislative approval, and Assembly Member Ward will speak publicly about the bill at the San Diego County Administration Center on a specified date.Please note that this is a simplified summary of the bill and its potential impact on fix and flip investors.
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11 October 2024 | 5 replies
Not strictly necessary, but nice.I'm currently invested with Rise48 and in contact with White Haven.Who else is out there that I should know of?
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13 October 2024 | 18 replies
I finally had to take a hard stance regarding my specific policies to curb the complaints.
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12 October 2024 | 13 replies
Should I close my LLC and Quit-Claim Deed the property back into my name and just do an Umbella insurance policy?
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9 October 2024 | 5 replies
Or is an LLC limited to different, more strict options?
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9 October 2024 | 6 replies
We are looking to switch our insurance policies for our rental portfolio.
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11 October 2024 | 17 replies
But if it's strictly str only, no personal use, IRS seems to allow deductions and losses as any other rental.