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.

Although we are in different states, I’d love to be apart of the group and help coordinate and connect with other investors in the same investing strategy as myself.

I have had a couple of estimates to complete this work and it ranges anywhere from 40k to 75k.

I know it is profitable, Were you able to get any additional information on this?

I know this is a difficult claim and has been posted before but I haven't seen any posts with the following specifics:Taxpayer (aka TP) is a W-2 employee for real estate company that develops and owns/operates mostly multifamily and some commercial spaces. 

While automation and advanced technologies help with this goal, another strategy that is often overlooked is cost segregation.

I have purchased a lot once before, but this was under the expert tutelage of a builder friend of mine in a different market (Colorado).

I'd remodel and sell this property as a flip and net 15-25% ROI today, rather than wait 5 years to make a little more.

Currently, asking some of my close friends to help sign a lease agreement with me.

I like this platform on BiggerPockets which allows people to connect with one another in a structured manner.