Ron Sidwell
VA loan assumption
12 October 2024 | 2 replies
I qualify for a VA loan but my question centers on the requirements.
Sabian Ripplinger
is Erik cline's whole sale course worth it?
12 October 2024 | 10 replies
I run a call center for Real Estate where we call for investors and I can tell ya, your best bet with such limited time is cold calling targeted lists (high equity within your buy box) for 3-4 hrs every day.
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.
Alexander Celestina
Tips on areas to invest in Jacksonville
13 October 2024 | 16 replies
Anything that has an attractive price in 32206 or 32209 is either in a D class neighbhorhood and/or a property that needs significant rehab.The further you go from the center of downtown, the more likely the property is in a better class neighborhood.The exception being springfield where it is close to downtown but considered a good neighborhood.
Ibrahim Mawri
Seeking Feedback: Would a Tool to Streamline Due Diligence in CRE Be Useful?
11 October 2024 | 3 replies
Let's not pretend software widgets are 20 thousand square foot shopping centers...
Sanjeev Advani
Costco's New Mixed-Use Development Tackles California’s Housing Crisis
11 October 2024 | 0 replies
This first-of-its-kind project addresses California’s housing shortage by repurposing an underutilized site into a vibrant residential and retail space.Of the 800 units, 180 will be affordable housing, with amenities including a rooftop pool and fitness center.
James Wesley
Hot Tub Management - Complete drain and refills after guests
9 October 2024 | 28 replies
Hotels and fitness centers handle hundreds and hundreds of users between cleanings.1.
Haider Tiwana
Elon Musk's xAI supercomputer brings serious environmental risk to Memphis
8 October 2024 | 1 reply
300 jobs isn't a lot to bring to Memphis for a $3-4 billion dollar project (it doesn't take much to run a data center). personally I'm a musk fan, but we have to consider the ramifications to demanding this much energy.
Amanda Paugas
Sober living house
8 October 2024 | 23 replies
Biggest challenge is to network to build relationships with rehab facilities, detox centers, IOP/PHP clinics.
Sanjeev Advani
CAA Opposes Extreme Heat Bill Over Costly Air Conditioning Mandates
8 October 2024 | 1 reply
The bill, introduced by Assemblyman Isaac Bryan (D-Los Angeles), would require local governments to update hazard mitigation plans to address extreme heat by January 1, 2028.CAA’s concerns center around the potential for costly retrofitting mandates, particularly for older buildings not equipped for modern HVAC systems.