Few weeks ago I closed on a townhome worth 524,000.

Although we are in Temecula, we are located on the wine trail which is outside of the city limits.

The goal is to get my own GC license but in AZ you need 4 years of experience (hands on or managerial) to even apply.

The trial service is useless.Since there is no ability to cancel the service on the website and there isn't a phone number to call, This message shall serve as notice that I want to cancel my trial membershipThank youJoanne Bragg

Mesquite is strict on code enforcement not allowing more than 4 unrelated parties to rent the same unit. 

Hi All,Posted the below on in a couple other forums in hopes to get more eyes but this seems like the best one for people just like myself.I have just started a career transition and excited to be getting into the real estate industry.

Hey Shayan, if you want send me a message and we will get on a call I will give you my opinion on it. 

Purchase price: $325,000 Sale price: $365,000 Wholesaled this 9 house portfolio on creative finance terms to the end buyer.

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.

Partner brought me in on the deal to help manage and finance it.