I've only dealt with residential at this point but am looking into self storage and on my search for commercial I stumbled upon a car dealership property where the owner is moving out of state and motivated to sell the property.

Does anyone have any experience purchasing tax delinquent properties?

By being open to single family homes as well it really increases your choices, and for us, reduced the cost per door of acquiring our properties.  

The property was actually sold back in April, but he's still giving me updates as if the property hasn't been sold.

Hi All, One of the main reasons that I began my venture in to real estate investing is to accelerate our family's plan to purchase property in Ireland to be closer to friends.

I am speaking from an investor standpoint that’s going to rent out the property.

I am trying to finance my repair and renovation for a duplex investment of 2500 sq ft property that I recently purchased.

If so, what do you recommend for trying to get properties?

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.

Hey all,Soon I'll be closing on my father's old house that I inherited and I want to get back into the market with some rental properties.