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9 October 2024 | 0 replies
I fear the timing may be an issue with the large transaction volumes, and money in money out scenario.Any advice regarding the best accounts for SPE LLCs used to invest in and hold real estate would be greatly appreciated.
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14 October 2024 | 37 replies
But in essence it is not different than using a refi on a real estate property, except that you are protected on the downside as the cash value only goes up while real estate can go down.
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7 October 2024 | 1 reply
We're continuously seeking opportunities to meet and collaborate with like-minded professionals equally dedicated to the real estate space
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15 October 2024 | 1 reply
I'm helping a friend who wants to start investing in real estate.
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16 October 2024 | 18 replies
I'm in the business of real estate, not internet clout, but whatever makes you feel good about yourself buddy!
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11 October 2024 | 2 replies
Anthony here, my wife Chynna, and I are relatively new to real estate investing, but we’ve already taken our first steps by acquiring two multifamily properties—a triplex (where we currently live) and a duplex.
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14 October 2024 | 2 replies
You cannot invest what you do not have.Initially before you invest, your success is measured by how much you have in (for instance) your Vanguard Money Market Fund, or an FDIC insured Money Market account, or stuffed inside your mattress, etc...
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15 October 2024 | 1 reply
Some are contractors, some are real estate agents, some are investors.
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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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15 October 2024 | 21 replies
Now, every 1% origination moves the needle by 20-35 bps, depending on the lender.Usually, the only folks paying extra points in this market are deals where cash flow is an issue and they need to buy down the rate for more LTV.I've brokered 300 DSCR loans, and the rates you mentioned are no way real unless you're talking very reduced leverage (50% or so LTV).