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13 October 2024 | 8 replies
Then if you want you can gift that back to her using annual gift limits.
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12 October 2024 | 15 replies
It comes down mostly to your Management Agreement, although I doubt they would expose themselves from this clause.Max Spending: What is their limit to spend without your permission?
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10 October 2024 | 31 replies
So, it would just be my partner and me, which limits our options in the neighborhoods we’re comfortable with.
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11 October 2024 | 7 replies
Hi, I would like to get started investing next year and I think doing a partnership where I bring the money and my partner brings the experience would be best for me (being a limited partner).
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16 October 2024 | 13 replies
Granted, this was years ago and before rents went crazy in COVID, but I was never getting anywhere near the Section 8 limit, but I was getting roughly market rate, more or less, for my properties.
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13 October 2024 | 5 replies
I’m limited to my house price while my partner is getting his masters and doesn’t have a full time income.
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11 October 2024 | 4 replies
Your best bet right now is to live in it and enjoy it as your primary.
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12 October 2024 | 9 replies
Examples: Medical Professional Financing (stronger rates and limited down), low down payments of 3.5-10% on jumbo primary, second home or investment properties, 10% down for investment properties of 1-4 units (with no PMI) and portfolio or private loans with attractive ARM or seller carried rates we negotiated.
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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.