Hares Najand
Concerns with Property Management in Chicago Area
15 October 2024 | 8 replies
But you often get what you pay for, and the cheaper agent may introduce some expensive problems that you've avoided with your current PM.
Mohit Khanna
Australian investor looking at entering US residential market
16 October 2024 | 25 replies
Expanding into the US residential market can be a rewarding opportunity, especially with your focus on cash flow and capital appreciation.Given your interest in properties that yield positive cash flow while also offering capital appreciation potential, I'd like to introduce you to a financing option specifically designed for foreign investors like yourself: Debt Service Coverage Ratio (DSCR) loans.
Stuart Udis
Are Wholesalers Really Your Golden Ticket To Succes??
17 October 2024 | 20 replies
I strongly believe that legislation should be introduced to prohibit property wholesaling and also prevent double closings unless it can be demonstrated that the property's value has been substantially improved.
Jansen Griggs
New member from Santa Fe, NM
12 October 2024 | 8 replies
A friend introduced me to Bigger Pockets, and I’m grateful for the resource.
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.
Max Bellino
Anderson Business Advisers Asset Protection
15 October 2024 | 26 replies
My journey has introduced me to the strategies promoted by Anderson Business Advisers.
Dennis O'Loughlin
Need advice for video monitoring at apartment complex
11 October 2024 | 2 replies
It can be difficult when situations like these have to introduce new protocols.
Michael Clifford
Atlanta Property Management
11 October 2024 | 2 replies
I wanted to reach out to introduce myself and MJ Management Solutions.
Adam H.
Another Newbie Saying Hi!
9 October 2024 | 3 replies
I have been lingering a few days, and I figured I should make a post to at least introduce myself.
Jaden Rodriguez
I'd like to Introduce myself
6 October 2024 | 3 replies
Hey everyone! I'm Jaden Rodriguez, i'm 22 years old, originally from Florida, and I recently moved to North Carolina to be closer to family and pursue investment opportunities. I'm focused on small to mid-sized multif...