10 October 2024 | 0 replies
Even smart real estate investors cannot predict local housing markets with accuracy.I'll walk through 15 compelling reasons why it may be the right time to sell your investment property.1.
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14 October 2024 | 3 replies
You don't have any large expenses coming as up as it newer and if you invested the money else where you'd get a lower return.The big thing is the fact that if you sell in the next few months, you'd save on capital gains.
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18 October 2024 | 7 replies
Is the Turbo Tax software a reliable option for doing taxes that include real estate investments, out of state, personal?
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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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17 October 2024 | 7 replies
I am checking out few condos for a rental investment.
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9 October 2024 | 3 replies
We all know most markets in the country are suffering from a huge shortage of affordable housing.
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18 October 2024 | 11 replies
There are a few FB groups in the CHS area dedicated to RE investing, rentals, and properties for sale.
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17 October 2024 | 5 replies
I am new to the real estate investing and I am having a hard time with hard money lenders to lend money.
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13 October 2024 | 5 replies
Neighboring houses aren’t well kept.
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18 October 2024 | 16 replies
The number one benefit for a high income earner that invests in long-term investments is that the depreciation will shield your rental income from your effective tax rate.if you are a high income earner, you are likely around the 35% federal tax bracket and another 5-10% tax bracket if you are in a state with a taxInterest income will be taxed at potentially 45% + 3.8% net investment income taxDividend income will be taxed at potentially 30% + 3.8% net investment income taxRental income potentially at 0%I think a lot of people get disappointed that their tax burden doesn't decrease.It can potentially decrease but it will require proper planning along with some level of participation with the real estate.