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9 October 2024 | 10 replies
A bunch of recent college grads moving to NYC or San Francisco or Austin don’t constitute a trend, they’re merely continuing a tradition that started years ago.
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4 October 2024 | 27 replies
I am trying to house hack a 4 unit multifamily (FHA 3.5% down, owner-occupied, rent other rooms) in San Francisco or Los Angeles and could use a bit of help starting out!
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8 October 2024 | 1 reply
I wanted to see how everyone else is doing with their rentals in North County San Deigo.We have rentals in the Oceanside, Vista, Carlsbad, and San Marcos areas.We have noticed a shift in our vacancies.
12 October 2024 | 6 replies
My unit is in San Jose, so bonus points for those in the Bay Area!
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13 October 2024 | 34 replies
I live in the San Francisco Bay Area and acquired 2 properties (one SFH solely owned and an apartment complex, co-owned with other investors) pre-2013.
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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.
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7 October 2024 | 8 replies
I’d love to get your input on my options.Background:Age: 34Location: San Diego, CACurrent Living Situation: Renting a beautiful apartment across from the beach for $3,200/month.
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11 October 2024 | 11 replies
Since then, our dad signed up for section 8 San Diego Housing so that he could at least have some guarantee of rent payments.Unfortunately, the new tenant from section 8 (Tenant B), has not been paying full rent since 2022.
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11 October 2024 | 8 replies
I am a first time homebuyer looking to purchase a multifamily unit (duplex/3plex/4plex) in the San Antonio/ Boerne area.
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10 October 2024 | 6 replies
My current property manager in San Antonio suddenly ghosted me.