
11 October 2024 | 9 replies
I look like an A?

11 October 2024 | 5 replies
I would be happy to make an introduction if you would like.

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.

11 October 2024 | 3 replies
Tesla's expanding footprint in the area in recent years has made Central Texas a hub for the electric vehicle industry.Examples of the biggest recent projects in the Tesla sphere are: the company itself taking more than 1 million square feet at Kyle/35 Logistics Park; supplier US Farathane Corp. taking an entire 410,000-square-foot building in Georgetown; and Hanwha Advanced Materials LLC building a $100 million, 200,000-square-foot advanced high-tech manufacturing facility near Georgetown.

11 October 2024 | 8 replies
It wasn’t a huge payday—$5,000—but what I gained from the experience was far more valuable than the check.It started when I got a lead from an older woman who owned a house in New Hampshire but lived in Maine.

11 October 2024 | 1 reply
Came across the area from a co worker as an out of state investor and realized that certain areas are able to hit the 1% rental target easily.

11 October 2024 | 15 replies
Once in my control I would get the lawyer started on the deeds and agreements, and the realtor started marketing the property.Option 2, is an idea that I have only been thinking about recently.

11 October 2024 | 4 replies
That will likely be an even better time to refi anyway.
10 October 2024 | 0 replies
Typically, off-market sales are common in hot markets where demand outweighs supply heavily, meaning that a home can sell easily without ever going to the public for sale.Pros of Buying an Off-Market PropertySearching real estate markets for off-market properties widens the net of investment opportunities.

11 October 2024 | 17 replies
Loophole - A way of avoiding or escaping a cost or legal burden that would otherwise apply by means of an omission or ambiguity in the wording of a contract or law.The law here isn't a loophole.