Brian Gibbons
Bernie Sanders - Not Good for Flippers - Increase Taxes
4 March 2020 | 22 replies
Bernie Sanders wants a 25% “house flipping” tax levied against investors who sell a property at a profit within five years of purchase.He also wants a 2 percent “empty homes tax” on the property value of vacant homes in order to discourage real estate investment.From Bernie's Website"When Bernie is president, he will:Create an office within the Department of Housing and Urban Development to coordinate and work with states and municipalities to strengthen rent control and tenant protections, implement fair and inclusive zoning ordinances, streamline review processes and direct funding where these changes are made.This office will convene key leaders, academics, experts, local officials, renters, tenants, and homeowners to create and implement these necessary solutions.Preempt laws that prevent inclusionary zoning for luxury developments.End exclusionary and restrictive zoning ordinances and replace them with zoning that encourages racial, economic, and disability integration that makes housing more affordable.Require that recipients of federal funding from the Department of Transportation and the Department of Housing and Urban Development make these important zoning reforms.Provide funding to states that preempt local exclusionary zoning ordinances to make housing more equitable, accessible and affordable for all.Make federal funding contingent on creating livable communities.Encourage zoning and development that promotes integration and access to public transportation to reduce commuting time, congestion and long car commutes.Prioritize projects that reduce greenhouse gas emissions, create walkable and livable communities, and reduce urban sprawl.Encourage zoning and development designed to expand and maximize the number of units fully accessible to people with disabilities.Place a 25 percent House Flipping tax on speculators who sell a non-owner-occupied property, if sold for more than it was purchased within 5 years of purchase.Impose a 2 percent Empty Homes tax on the property value of vacant, owned homes to bring more units into the market and curb the use of housing as speculative investment.Encourage “circuit breakers” on property taxes to protect homeowners in gentrifying neighborhoods from being priced out of their own homes as their property values rise.READ MORE: https://berniesanders.com/issues/housing-all/From my point of view, anything that impedes or obstructs REI's cash flow is a bad thing.
Isabel Soriano Saura
[Calc Review] Help me analyze this deal
2 March 2020 | 0 replies
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Account Closed
OBJECTION: I need to review it with my attorney
3 March 2020 | 8 replies
What do you do when a seller doesnt want to sign your agreement and he wants to review it with an attorney?
Robert Myjak
Paying a contractor for their expertise and oversight
18 March 2020 | 4 replies
Even if your proficient, its great to review other techniques to see where you can improve.
Brandon Logan
Long time investor AMA
5 March 2020 | 26 replies
Sorry I didn't spell check or review before posting.
Lauren Garritano
House Hacking with a Bit of Luck
3 March 2020 | 0 replies
Many service men and woman have to come to this area to learn how to fly planes but are not really given a lot of time to review properties beforehand.
Daniel Garcia
[Calc Review] FL Motivated seller deal
3 March 2020 | 0 replies
Hi everyone,
This is a listing I have had for some time and the seller has recently become very motivated. The numbers are based on estimates I've received from local contractors and a quick CMA to get potential sal...
Account Closed
Choosing a New Rental Market
4 March 2020 | 6 replies
I've been doing by due diligence, reviewing the economic base, tracking property values, following employment trends, checking off the boxes you know.
Kyle Nelson
Rental Vacation Properties
4 March 2020 | 24 replies
You have to have a daily standard that will reflect in your reviews and repeat customers.
Amanda Gant
What happens to 1031 "property Identification forms"?
4 March 2020 | 11 replies
I always get the QI a copy of the closing statement as soon as it is ready so he can review it.There is a word of caution.