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14 October 2024 | 3 replies
There's also a Landlords of Linn County professional organization you can join.
17 October 2024 | 15 replies
To prepare:Line Up a Cost Segregation Specialist: Reach out to a reputable firm now so they can review your property soon after purchase.Document Pre-Purchase Costs: Any fees or improvements related to acquisition should be organized for easier allocation.Tax Strategy Planning: Consult your CPA to align this with your overall real estate strategy and optimize benefits for 2025.This post does not create a CPA-Client relationship.
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16 October 2024 | 14 replies
Are you a risk taker or conservative, are you organized or disorganized, are you emotionally intelligent or think more with your heart?
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14 October 2024 | 5 replies
I would like to know more about the role of zoning attorneys and the potential costs of involving them in organizing and submitting the proposal to the appropriate departments.
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13 October 2024 | 6 replies
These situations are tough, but staying organized and pushing the process forward yourself will make a world of difference.
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15 October 2024 | 34 replies
The tantrum to not create "organic" relationships via posting.
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21 October 2024 | 176 replies
Builders are not charitable organizations to deliver below market cost houses).
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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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11 October 2024 | 13 replies
I feel more organized especially with the bookkeeping work
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11 October 2024 | 3 replies
Much of my money goes towards buying land and reselling, revenue is slow but I have accumulated enough land as assets now.