This new proposal to charge a 25% tax for flipping in California if you sell in less than 3 years.New CA bill would impose 25% gain tax on house flippers who sell within 3 years-https://www.cbs8.com/article/n...

I did find this IRS page though that had a good summary: https://www.irs.gov/newsroom/n...

@James CamaBuffalo has basically outlawed any air b n b approval for another except a sfr in certain zones and doubles.

Most of these multi family f n f loans are for 18 months and then after the rehab you should refinance into a 30 yr FRM once you have your tenants.In short, I've seen this be very profitable. 

Fix n flip or buy and hold? 

I have not completed a fix n flip, but have someone on the ground who can monitor contractors etc because I live in NC.

Looking at a couple of deals on N Spruce st and N pine street. 

@Carl N.

Property 1: Purchased as primary residence in Feb/2020. It is a SFH with an attached in-law suite. Main house has been a short-term rental since March/2020.In law suite was my primary residence from Feb/2020 - Feb/202...

Investment Info:

Small multi-family (2-4 units) fix & flip investment.

Purchase price: $25,000

Cash invested: $1,500

Sale price: $45,000

This was my first deal!! It was a blessing for sure!!
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