Account Closed I purchased a vacant lot a few months ago and am looking to build. 

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.

I’m looking to purchase a duplex in Charlotte, with one unit being turn-key and the other in need of repairs.

I would look for a real estate agent focusing on investment properties. 

I started one in Northern NJ on Meetup called REINJ - Real Estate Investors of NJ.

Nothing like real life experience as the best teacher ever!

I am a recent college grad and I'm looking to get started in real estate investing with a friend of mine who is also a recent grad.

.- Jasper / Pat AboukhaledTurning investment visions into REALITY in Phoenix, AZ - Ranked #1 for residential real estate growth and opportunity by PwC

Hey I’m excited to learn as much as I can and am ready to purchase my first property in the next 12 months!

Lastly, consider joining local real estate groups for advice and potential support.