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.

In general, load-bearing spans on two-story houses up to 13' will need LVLs (similar) and bearing posts. 

The last 12 months will give you a trend and tell a story of what's going on.Get a rent roll with delinquency as well.30 day DD is enough time, but that starts only when you get all due diligence materials!

Too many horror stories.....

To keep your business running efficiently (and to avoid Fair Housing problems) you must follow a set process and use the same process for every resident.I'll share a story about three different women. 

Any time someone makes a recommendation and they are rewarded if someone else believes and acts on their recommendation, story, etc. it is by definition a “biased” recommendation.  

I own a PM company so I've heard tons of stories and have developed good strategies on how to deal with it. 

It also includes debt tracking and seven years of history.

My sister in law is publishing books for children telling illustrated stories based in Hawaii.

Single story, no fence or garages/carport and  3b2b rents for $1500-1800.