This November, California voters will decide on Proposition 33, which could repeal the Costa-Hawkins Rental Housing Act, expanding rent control options across the state.

We would love to connect with others to share ideas about investing, form relationships in this business, and even work some deals. 

So happy to connect with likeminded individuals as we learn & grow together.

Can anyone share their experience in this matter?

Check with Account Closed about all this, but also an attorney!

I have a sales agreement with someone that was signed a month ago and the closing was supposed to be in 2 weeks. 

I have personally never used it so I have no experience with it.

The land represents ~1% of the purchaseOn the contrary - if you purchase a $2 MM shack in manhattan on a postage stamp lot, the land could represent 99%Lever 2 - % of the property with a shorter useful life.Not all parts of a piece of real estate are depreciated at the same speed.Certain personal property assets have SHORTER lifespans in the eyes of the IRS vs the standard 27.5/39 year livesProperties with tons of this often have:- Over-developed land sites (hardscaping, pools, retaining walls)- Fancy Fixtures- Fancy Furniture (STRs!)

If I intend to fund the rehab with my own cash, do I need to disclose my rehab budget?

Both Democrat and Republican presidential campaigns have found common ground on housing policy by proposing the use of federal lands for homebuilding.