22 October 2024 | 2 replies
3br/ 1ba 1072 ft^2 on 7400 ft^2 lot right off of Harbor/ across from La Palma Park.
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10 October 2024 | 2 replies
Can anyone recommend an agent working on the Eastern Shore of Maryland?
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22 October 2024 | 2 replies
Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).
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23 October 2024 | 1 reply
Basically if you had a guest who checked in Sunday and they checked out on Wednesday you still could not book another guest who is staying less than 1 week stay until that Saturday.
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22 October 2024 | 1 reply
My name is Cam, and I discovered BiggerPockets on Spotify.I'm 25 and bought my first multi-family property about a year ago.
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22 October 2024 | 0 replies
Purchase price: $10,000 Sale price: $20,000 Contributors: Peter Vekselman We partnered with Archie Raglin to purchase a home on E 2nd St, Junction City, KS, for $10,000 on 10/15/2024.
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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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23 October 2024 | 7 replies
What MAY make sense is to setup a Master LLC that operates like a PMC and collects all your rents, pays all your property-related expenses, etc.The owner of each property (you, LLC, trust, IRA, ect.) would have to execute a management contract with the Master LLC, so the Master LLC could legally act on behalf of the property owner(s).Check with Account Closed read our
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22 October 2024 | 10 replies
I think I’m more interested in BRRR rather than STR mostly based on the inventory.
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23 October 2024 | 1 reply
Hi,My husband and I are planning on turning the proceeds from the sale of our vacation rental into a commercial real estate deal.