California AB 1771: Stop The California Flip Tax! #795

California AB 1771 will charge an additional 25% capital gains
tax on almost EVERY RESIDENTIAL PROPERTY sold within 3 years of
purchase.
The additional tax would decline in annual increments until the
property has been owned for more than seven years.

Legislators proposed AB 1771, also known as the California
Housing Speculation Act, on the misguided notion that soaring
prices of California homes are driven by investor-purchasers of
residential properties in California.
In this webinar Nema Daghbandan is a Partner with Geraci LLP and
Aaron Norris discuss the bill and what it could mean for "Main
St" California investors.  It is also a call to
action.  Here is what you can do to help:

Communicate your opposition to legislators via phone, letter, and
email. You may download and customize the sample letters below to
tell your personal story of how AB 1771 will affect you and your
business.

VISIT:
https://aaplonline.com/articles/advocacy/ca-flip-tax/


The Norris Group originates and services loans in California and
Florida under California DRE License 01219911, Florida Mortgage
Lender License 1577, and NMLS License 1623669.  For more
information on hard money lending, go
www.thenorrisgroup.com and click the Hard Money tab.


Video Link


Radio Show