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11 October 2024 | 4 replies
If I felt that way, I wouldn't make the agreement to begin with and I work hard to communicate clearly, calmly, and effectively to keep it from getting to that point.I am also open to compromise as my lease offers me protections that I may not need to exercise in all situations to get a fair outcome.
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7 October 2024 | 2 replies
@Vishal ChandanRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.
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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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10 October 2024 | 23 replies
I cannot go back and change it, it has zero impact on my decision making ability for real estate deals.
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7 October 2024 | 11 replies
TurboTenant is a popular platform that offers various property management tools for landlords.
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10 October 2024 | 1 reply
I'm Darren Haddock, a passionate upcoming real estate investor with a keen eye for promising deals and a drive to collaborate with like-minded investors.
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8 October 2024 | 23 replies
I know for DSCR especially, lots of lenders don't like sober homes unless there's truly no medical services offered.
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9 October 2024 | 3 replies
Under SB 567, the notice to terminate tenancy must include a description of the work to be completed, copies of required permits, the date the owner expects to complete the work or demolish the building, and notification that if the substantial remodel or demolition is not commenced or completed, the tenant must be offered the opportunity to re-rent the unit at the same rent and lease terms as when the tenant left.
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11 October 2024 | 1 reply
Hello everyone, My name is Alex Sadchikov and I’m excited to discover more about real estate and the Bigger Pockets community.
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8 October 2024 | 2 replies
Made an offer for $500k and countered for $510k.