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31 October 2024 | 1 reply
The Philadelphia-area retail landscape is evolving, with experiential retailers claiming anchor spots at Moorestown Mall, Neshaminy Mall, and King of Prussia Mall.
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9 October 2024 | 2 replies
But I can't if closing costs are 3-5% for purchase price of each home. 4) How do I protect myself and give the seller assurance from renters with the structuring of the home insurance?
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30 October 2024 | 2 replies
I want to get into real estate investing and like the thought of having multiple properties to manage.
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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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30 October 2024 | 12 replies
There are several groups that have meetings, check the 'get started' tab up top and look for any that are listed there, plus the meetup app and I am on the board of the local REIA.
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30 October 2024 | 9 replies
Could I sell off the ADU or main house separately?
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30 October 2024 | 14 replies
Not advocating you break the law just letting you know what's going on in the marketplace.
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30 October 2024 | 2 replies
The taxing on marijuana should help us continue to hit the thresholds needed to keep dropping the income tax to zero.
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30 October 2024 | 1 reply
Current plan is to rip out the carpet, it's trashed, and replace with LVP (one of the four colors, not sure which is best to choose... see attached image), replace the laminate counter with granite.
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30 October 2024 | 1 reply
About to close on my first investment property in the coming week, 4-unit in outside of Madison, WI.