Monica Gonzalez
Getting into the REI - Areas of Interest San Bernardino County, Califorina (I.E.)
3 October 2024 | 3 replies
I've been trying find topics here on BP for the SBC, sadly nothing posted lately in the last year.
Glen Fernandes
Thermostate to lock temperature ranges
1 November 2024 | 3 replies
Any programmable thermostat that has the ability to lock the screen with a pass code should work.
Sonia Arreguin
Tenant wants early termination of lease in California
1 November 2024 | 12 replies
The son lived with him, was a co-tenant on the lease, and was the main person making the rent payments.
Karen Rivera
Issue with a Deed
1 November 2024 | 2 replies
The mother has continued to pay the property taxes and has kept them current.
Christopher Fleitman
Site Super looking for opportunities
3 October 2024 | 7 replies
My name is Chris and I am a site super for a gc in North and Central Florida.
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.
Austin Bright
Wholesale friendly brokerages
16 October 2024 | 3 replies
I am wrapping up my licensing education with the intent of being able to buy and wholesale solo part-time, while keeping my full time job.How would I go about finding a brokerage that would sponsor me as a sales agent while allowing me to have this flexibility?
Ken Aitkens
Wholesale to myself then BRRRR - does the concept work?
6 October 2024 | 7 replies
So I got the creative juices flowing to come up with a solution to make it all happen.
Ariel Gonzalez
Helpful cap rate feedback
1 November 2024 | 0 replies
I'm underwriting an 80+ unit property and it seems like the purchase price is too high compared to the market.
Jill F.
1031 Exchange to property owned by 2 LLC's with different but overlapping membership
17 October 2024 | 5 replies
Could/Should the 2 LLC's be tenants in common for the new property purchase?