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11 October 2024 | 7 replies
This is when the majority of the transactions for the whole year are done.
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11 October 2024 | 0 replies
What made you interested in investing in this type of deal?
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11 October 2024 | 4 replies
This is for a long-term hold, STR concept.
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11 October 2024 | 1 reply
Airbnb offers a semd message to host option, but I'm unsure if it's appropriate to use for this purpose.
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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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12 October 2024 | 0 replies
I heard of developers doing this with farm land around cities.
11 October 2024 | 21 replies
This one's new to me.Thank you for your help
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11 October 2024 | 2 replies
This includes notification or requests for repairs.
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11 October 2024 | 3 replies
Does anyone have any advice for this situation?