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8 October 2024 | 0 replies
Buy: As housing affordability worsens in many markets, more people opt to rent for longer periods, which creates an opportunity for mid-term rental investments.Target Demographic: Affordable housing shortages often push middle-income earners toward rentals, making this group a prime target for mid-term strategies.
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9 October 2024 | 9 replies
In addition, targeted searches for "apartments 77008" and "greater heights apartments" have lower competition which provides a great opportunity for organic and lower cost of acquisition.Household Composition: 77008 shows balanced demand for both family-oriented housing and non-family units, promoting investments in single-family homes and high-quality apartments. 77063 indicates higher demand for rental units and smaller homes, focusing on apartments and affordable housing options.Despite higher entry costs and a lower percentage of renter-occupied units, 77008 appears to offer better prospects for appreciation and lower vacancy rates, making it a more suitable choice for investment.Greater Heights OverviewThe Greater Heights area (77008), often referred to as "The Heights," is renowned for its prime location offering a blend of amenities, top-rated schools, and abundant job opportunities.
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11 October 2024 | 14 replies
I want to buy a house-hacking property or duplex around the SoFlo area, but I'm wondering it it could be a better idea to invest OOS in Huntsville Alabama where I could afford a quadplex or something of that measure.
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16 October 2024 | 13 replies
Expanding to California or Indiana can make multifamily properties more affordable, but it's better to start in California and expand to Indiana.
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15 October 2024 | 26 replies
Collecting free but potentially inaccurate advice when I can only somewhat afford to pay hourly rates for an attorneys, some of whom may not even possess adequate knowledge, seems impractical.
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14 October 2024 | 14 replies
That’s a pretty good amount to start out with if you’re creativeIf you already have around $40,000 to invest then finding an affordable coach that can help you find under market valued deals and can help lead you and guide you through the process from start to finish is probably better than going to a course or reading a book.
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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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6 October 2024 | 12 replies
Any recommendations for the best affordable Insurance for Landlords (rental properties)I currently have ASI (American Strategic Insurance) a Progressive company, but I am wondering what others have found to be affordable.
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9 October 2024 | 3 replies
SB 567 clarifies that a tenant is not required to vacate the unit on any days where they could continue living there without violating health, safety, and habitability codes and laws.
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12 October 2024 | 11 replies
If the tenant can't afford it, he can look for another rental that is within his price range.