Chris Snow
Is this a good fix n flip opportunity?
3 October 2024 | 6 replies
Would you do this deal?
Carrin Johnson
Bill Summary: AB 1771 The California Housing Speculation Act: Impact on Fix and Flip
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.
Melanie Baldridge
Is this one of the best ways to build long term wealth?
3 October 2024 | 1 reply
This is the simple playbook that tons of Americans have used to build wealth over the last 2 decades:1.
Christine Cho
Airbnb guest alteration request to checkout earlier during stay
4 October 2024 | 10 replies
At this point I suggest we resolve this through Airbnb support.Ultimately, the resolution was to refund the guest 50% for those unspent nights.
Joshua Thang
Appraisal Report Bedroom Count is Different from Actual Number of Rooms
10 October 2024 | 14 replies
Is this something I can dispute and get the 3 bedroom so I can increase the appraisal value?
Sandeep Dhall
Lubbock Market agents
31 October 2024 | 1 reply
I am looking to understand learn and invest in an around Lubbock TX.
Colton Bridges
River House, Chattaroy WA
17 October 2024 | 0 replies
Purchase price: $552,000 Cash invested: $30,000 purchased this home as primary home. lived in it for 1 1/2 years, rented it out and moved to a different primary home.
Allan Smith
2nd Lien Line of Credit on a Rental - Acceptable amount of fees?
31 October 2024 | 2 replies
Real estate here has exploded in the 3 years since I got the LOC. paying 5 - 7% in fees for a $95k or so LOC seems ridiculous to me??
Ted Davis
Propstream vs Privy
6 October 2024 | 27 replies
Was looking more at propstream let me know which way you go
Andrew Jones
Ground up construction
6 October 2024 | 1 reply
Then we would like to knock down the church and build a duplex on this parcel.