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.

That $1,300 a month buffer is your safety net, and trust me, that’s going to be a game-changer if any unexpected maintenance pops up or you need to cover a vacancy for a month or two.Now, about that feeling of being overwhelmed with debt..I had a client once, let’s call him John, who felt the same way when he hit the $1M mark in mortgages across a few properties.

It was a game changer.

Here’s a breakdown of how the BRRR method works and why it could be a game-changer for your investing journey.1.

I house hacked—and it was a game changer!

He mentioned that Privy’s Auto Deal Finder is a game changer.

What makes bridge loans a smart choice for real estate investors?

This sense of belonging and support was a game-changer.

Being able to tailor terms and close quickly is definitely a game-changer, especially when traditional lenders can’t offer the same speed or options.I’m curious, what kind of deals are you focusing on at the moment?

Joining a mastermind/mentorship program was a game-changer for me.2.