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31 October 2024 | 0 replies
TLDR: I'm buying out my house from my ex-boyfriend in Seattle (King County), Washington and I'm struggling to find what the REET if I'm buying my ex's stake in the house.
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31 October 2024 | 4 replies
Our group works with a lot of investor buyers in the tri-state area.
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13 October 2024 | 19 replies
When listing the property I would list on those sites as well as Zillow at a minimum.
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14 October 2024 | 22 replies
Hey all,I'm looking to enter the RE market with a few rental properties, ideally in the Chicago suburbs.
13 October 2024 | 9 replies
I got a letter from my mortgage company that said I can move the title into an LLC if I like without triggering the due at sale clause.
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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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31 October 2024 | 2 replies
Hi allI recently signed up for Stessa Pro and having difficulty getting the properties and accounts set up right.
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10 October 2024 | 2 replies
When my family and I moved to Greensboro in 2020, I was referred to a real estate agent through my relocation assistant.
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11 October 2024 | 16 replies
To me he is asking for you to do a walk through video of it before he books it.
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31 October 2024 | 5 replies
Looking forward to staying consistent & closing my first deal in the next 3-6 months.