The prospect primary job is in apartment property management, but that job doesn't cover our 3.5x income requirement, the prospect has picked up 2 additional jobs that were really recent like this month and last month and one of them is the one I'm currently talking here about.

In renting this property, I've been able to amass a nice database of potential renters in the area. 

With property taxes being a significant factor in Texas, how do you factor them into your sales strategy?

Sometimes sellers who have had their property on-market for a while and don't need to be immediately completely bought out can be open to it.

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.

While I haven't invested with them, I've known them and worked with them since their respective inceptions.You might also want to check out Sunrise Multifamily who recently acquired one of Whitehaven's properties.

There is a reason why I buy properties that cost a multiple of what typical cheap rental properties are going for.

After we build the structure, is there an general estimate of how much the property/house will appraise for when said and done?

If you are wanting to sell your real estate property, but are worried about paying taxes on the capital gains, a great strategy to consider is a 721 Exchange.

Currently my STR is doing great during the busy summer season in SC and covers my offseason which is fantastic, but I'd like to maximize my income with this property.