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14 October 2024 | 3 replies
Hey Everyone,I own a duplex in San Pedro, California, and I’m trying to confirm how much I can legally raise the rent.
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14 October 2024 | 2 replies
Our 12 month lease ends October 31st for San Jose, CA.
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16 October 2024 | 9 replies
This property is in California in the LA area.
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11 October 2024 | 0 replies
A unique project in South Los Angeles is transforming real estate development in California.
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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 | 8 replies
It’s like saying you want to buy in California—guess what?
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14 October 2024 | 1 reply
If you are a landlord in California, I highly recommend you join the California Apartment Association for training, forms, and other resources.2.
18 October 2024 | 34 replies
You can decide to utilize those funds to pay it off once you have that much or buy more property with it, especially if we get a recession where cash is king.
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10 October 2024 | 4 replies
Hello,I am looking for recommendations for a an Eviction attorney in the Sacramento, CA area.
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10 October 2024 | 5 replies
I want to work as a Finder in California but do not have a DRE license.