Quote from @Bill Hampton: @Brandon HansenWelcome to Bigger Pockets.

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 get the new bill and Safeco raised it to 6k ..

They did not even have records... just paid the bills and pocketed the cash.  

And high water bills .Properties in Balto are cheap for a reason . 

Can you bill back utilities to the residents?

This allocation can be found on the most recent property tax bill or on the county assessor’s website.

@Brett JurgensSolar on my house would be around $40k and my electric bill is not even 200.

Currently researching my options with discontinuing my 457 contributions (no employer match due to having a state retirement) but I need a plan for the taxes as I don't want to get hit with a large tax bill. 

They did pay this month's rent but are struggling with all their other bills.