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17 October 2024 | 9 replies
Thanks for your in-site Bill!
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17 October 2024 | 6 replies
Quote from @Bill Hampton: @Brandon HansenWelcome to Bigger Pockets.
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14 October 2024 | 4 replies
Still, that will typically be a rounding error over the course of a 30+ day stay.
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17 October 2024 | 14 replies
I get the new bill and Safeco raised it to 6k ..
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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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16 October 2024 | 7 replies
They did not even have records... just paid the bills and pocketed the cash.
14 October 2024 | 1 reply
You could read 100 books and still need to learn more because certain things must be learned through trial and error.
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17 October 2024 | 47 replies
The website is horrible, so many spelling and grammatical errors that you can't fix unless you know how to code.
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14 October 2024 | 9 replies
That response is a cut/paste because I got tired of writing fresh responses multiple times every week.I appreciate you pointing out the error and helping me beat the horse to death.
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19 October 2024 | 30 replies
And high water bills .Properties in Balto are cheap for a reason .