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.

Off-market properties are not publicly listed for sale on the Multiple Listing Service (MLS).

After the new security issues arising with videoed properties that are posted on public places...OTA, MLS, etc....we have decided against videos that show the layout of the property, or other details that would breach the security of the home. 

We all know you won't do that because everything you say is hot air and not in line with what is publicly available as proof.Good luck.

Instead, make sure you’re securing the best deal possible.

They clearly don't know the law and need to spend 45 days figuring out how to handle a security deposit.

Maybe its the sense of security..

But In combination with fences and automatic gates it makes for a pretty secure-feeling place.

Then you invest that money in a super secure, no risk note with an operator who is already underwater on their original note.

I do not wish to say anything in a public forum.