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13 October 2024 | 8 replies
They can:1) Put language in their agreements allowing them to place liens2) Some counties allow a purchase contract to be recorded as a lien3) Most though, do it borderline illegally
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11 October 2024 | 7 replies
Anyone knows of a few wholesale friendly title companies in Sacramento county area?
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13 October 2024 | 22 replies
A Local Agent in Charge form - You need to have a person living within Cuyahoga or neighboring counties to be a "local agent in charge."
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10 October 2024 | 8 replies
What do the county and state laws provide (notice I didn’t ask what county/state employees “say”)?
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7 October 2024 | 19 replies
My wife and I purchased a three family in Passaic County, NJ a few years ago.
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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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12 October 2024 | 13 replies
And if that's the case, I would be surprised if the cost to reach the sellers and the time as well is being factored into the deal costs so does that even really count?I
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6 October 2024 | 11 replies
I am struggling to find much data in rents in the Fon Du Lac County area.
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11 October 2024 | 17 replies
Once the deal details are reviewed, it helps our lenders assess the type of property and strategy we use and how successful we are in it.If you wanted to deep dive on your own, you can always check with county records on fillings, operators' good standing records from state where incorporated etc as well.
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10 October 2024 | 7 replies
Hi I just received my new STR tax bill (Horry County/Myrtle Beach, SC) and it increased 2.5X!