Dee Mandrekar
New to Section 8
6 October 2024 | 7 replies
I just looked at rentals in your market and it appears the average price for a 4bed home is around $2,500.
Hunter Purnell
How to find the rental rate based on a NNN cap rate in EXCEL?
10 October 2024 | 3 replies
I'm curious why you would want to do this.
Christian Maher
My Realtor practically saved me from a disaster
17 October 2024 | 0 replies
I’m based in Los Angeles, CA, but the distance didn’t matter at all because she was always responsive, proactive, and kept me in the loop every step of the way.
Mitchell Kosek
What do you wish you knew before buying your first property?
11 October 2024 | 14 replies
This was about 5 years ago so costs are different now but at the time it cost me about $20,000 I was not expecting to spend.
Dave Hart
BP referral for Tax services - beware
5 October 2024 | 17 replies
I need a partner to help me with tax strategy - and these guys feel like a boiler room.Admins - sorry if this post needs to go somewhere else on the site, but I wanted to provide feedback and let you know that this team is saying they are "partners with BP" and behaving like this.
Calvin Rappard
Do I need to get a new lease in my name for existing tenant
11 October 2024 | 5 replies
I'd recommend going with your LLC/ entity as you'd need it changed to that should you want to refinance under your entity name in the future.
Carrin Johnson
Bill Summary: AB 1771 The California Housing Speculation Act: Impact on Fix and Flip
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.
Ben Stanley
How to utilize $9k in a 401k
10 October 2024 | 9 replies
What is the best method for this?
Matt Durik
What do you do after giving tenant notice to move and they don't mmove
11 October 2024 | 21 replies
So, the question is, when I go there on the last day of the 30 days and their still there, can I go the next day to the magistrates and file for eviction or do I have to give them a notice to quit and wait 3 days?
Devan Dorzok
beginner mistakes to avoid
6 October 2024 | 36 replies
The 5 or more unit commercial loan tip was great to read, as i would like to someday own 10+ unit complex's.Thank you!