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Results (10,000+)
Account Closed PEP fund with Lane Kawaoka
15 October 2024 | 69 replies
LPs will have to decide if PassivePockets LP-Only sections have the potential to reduce their risk or will enable them to increase their returns by 1% or more (1% of $50K invested is $500 per year).
David Cianci Should I create an LLC before I buy my first property?
15 October 2024 | 40 replies
Usually creating a llc has net zero or an increase in overall taxes paid, so I don't know what benefit you are imagining from creating one.
Mark Brown Sale at a $50k loss at purchase price or in repairs? In a -$100k hole
11 October 2024 | 6 replies
Which is better in my situation - doing repairs myself (possibly $50k) and increase the likelihood of selling (not incurring holding cost of interest on HELOC and PITI on 30 yr/mortgage).
Carrin Johnson Bill Summary: AB 1771 The California Housing Speculation Act: Impact on Fix and Flip
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.
Bruce Tieu What makes a good mid term rental market?
11 October 2024 | 7 replies
It seems in order of increasing profitability:LTR < MTR < STRGiven that I'm based in the Denver metro area, unless I'm occupying the property as my primary residence, STR is out the question, as Denver has cracked down on the short tern rental laws.
Tua Lino New home question
11 October 2024 | 4 replies
If you hold it long enough, it will increase in value through appreciation and you can sell it for a higher price.
Lilach Holtzer Any successful BRRRR in Jacksonville, Florida in the last 6-12 months?
12 October 2024 | 13 replies
I think Jacksonville, comparitive to the nation has good rent to purchase ratio's.However, from what I am reading, Jacksonville is going through a huge increase in supply of houses.I think you can always make a deal happen in any city but I would personally wait until the new supply is absorbed.
Sarah Vann DuRant Land Trust Transfers & Agent/Broker Compensation
11 October 2024 | 0 replies
I want to start advising my buyers to use land trust transfers when we acquire properties that have underlying notes since we are seeing an increase in notes being called.
Ashley Hightower Best SMS platforms-Launch Control, Lead Sherpa, Roor??
17 October 2024 | 47 replies
Folks that use it compliantly are not really the target, but even using the "reply stop" wording has really increased unsubscribe rates, its a whole new world with SMS the last 6 months, spammer need to be way more sneaky now
Grayson Grzybowski A better understanding for using Hard and Private lenders
11 October 2024 | 11 replies
Moved into a cheap house and used “sweat equity” to increase value and then obtained a line of credit.5.