Kyle Swengel
Who Else is Doing Mid-Term Rentals in Tucson AZ?
13 October 2024 | 11 replies
The laws for long-term rentals still applies.
Annie Chien
What would be the best revitalization strategy for a Fourplex
15 October 2024 | 14 replies
But that renter was very easy going and the rental laws were less strict back then than now.
Carrin Johnson
Bill Summary: AB 1771 The California Housing Speculation Act: Impact on Fix and Flip
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.
Nathan Fisher
Cleveland Rental Registrations - A Guide to the Nightmare
13 October 2024 | 22 replies
Is it the law my hometown voted for?
Sanjeev Advani
Costco's New Mixed-Use Development Tackles California’s Housing Crisis
11 October 2024 | 0 replies
As Governor Newsom noted, this project is an example of how state laws can transform spaces into beneficial mixed-use developments.This project is expected to set the tone for future developments that combine convenience, housing, and community benefits in California and beyond.
Mark Husband-Wood
Commercial property late fee
9 October 2024 | 8 replies
Is anyone familiar with late fee laws in Maryland for a commercial property?
Mary Jay
Tenant keeps complaining but wont do anything or let me do anything
13 October 2024 | 18 replies
The law requires you to give notice, it does not require you to get permission.
Leslie Beia
Return on Investment and Investor Proposal for Small Hotel
11 October 2024 | 7 replies
Additionally, as Gino said, when you are raising capital from passive investors who are relying on you to generate their profits, you are selling securities and must follow securities laws; i.e., you need to learn how to "syndicate" real estate.
Jyotin Gautam
Question about getting FINDER fees in California from out-of-state realtors
10 October 2024 | 5 replies
Adhering to the board of realtors law is going to be the best way to advise and work with clients.
Jorge Borges
Question about deed conveyance in Texas
10 October 2024 | 2 replies
I am seeking an attorney (or perhaps a title company) to help me understand the laws around the conveyance of a property deed in Texas.