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.

The best place to BRRRR is the place where you have assembled a strong team and are familiar with the market pricing, contractors and costs of materials.

If you can only assemble 100K - 150K of that from your own resources, then you will need a partner with the same objectives, or need to get creative in putting together deals.Personally, I would be looking for something larger than a duplex.  

I have the crew that can do the install/assembly.

It's similar to assembling your own real estate Avengers team.Dream big, but start small.

Everything I buy except the beds and TVs is pre-owned at 70-90% off retail and pre-assembled.

How easy / difficult is it to assemble a team? 

Have you assembled this team yet?

I’m assembling a “Team,” that consists of a realtor right now and I will be reaching out to the realtor about a real estate attorney.

In addition, it will stop Radon Gas from rising up from the ground and into your living spaces as well, especially if you don't have a pipe + fan assembly for that already installed.