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.

The community leader, Josh Roosen, really goes out of his way to make you feel connected.And that's the real value of the group at the end of the day: They are committed to your success.A little about my track-record, since joining the group last year I've done:1) acquired 80 units ($7mm in assets) across 2 syndications and 1 joint venture2) Launched a podcast (Multifamily Investing Made Simple)3) Will be publishing a book (Passive Investing Made Simple) in June. 

AirBnB and Vrbo push notifications to you, but most of our residents from furnishedfinder have come from the more passive "unmatched housing requests". 

Is there really no capital gains tax on the sale of real estate in Washington state??

A recent statistic from Banker & Tradesman caught my attention, highlighting a growing concern in the housing market. According to Zoocasa, the annual median income in Greater Boston has increased by 22.4 percent ...

Whether it's leveraging a 1031 exchange to defer capital gains taxes or exploring new investment opportunities in areas like Austin or the Phoenix area, there are plenty of options out there.If you're considering your next steps, I'd be happy to share some insights from what I've seen in these markets.

Florence, Alabama, is gaining traction among real estate investors, offering prime opportunities in land and new construction.

Over the years, I’ve also gained relationships with a few subcontractors that help me with jobs from time to time when I need a helping hand.

If you're looking for a more passive strategy, you may see this as a con, which is understandable.

The BRRR strategy is interesting since I do have breaks in my job that would allow me to oversee the rehab process, but are there other more passive ways to acquire and own real estate?