Fixed or Floater on loan if you bought in 2022? 

Lets discuss some bridge, fix and flip, ground up construction and DSCR loan scenarios for both purchase and refinance options .

I am getting back what is left of my home to rehab the end of March and it is going to run me approx. 40K to fix.

Did you get fixed rate financing back then, or did you have a floater?

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.

I understand the frustration of fixing other people's messes.

Are you saying I might get everything fixed PLUS more?

If appreciation catches us, shave off a year or quantity I buy.30-33% equities, 28-31% private equity/small business(almost tapped out of growing this one), rest fixed income.

Which will be expensive.I'd say if it aint broke dont fix it.Is this a gas furnace, or just a A/C unit.

If you occupy the property as your primary residence, you can  potentally do a HELOC or fixed second mortgage up to 90% CLTV.