Joe Biden has called for the increase of long term capital gains taxes to be retroactive to April 28th, 2021. The changes would approximately double the top rate from 28.8% to 43.4% (including the net investment income tax of 3.8%). Read more…
Researchers at Porch used data from Realtor.com and ranked metropolitan areas by the typical price of a 2,000 square foot home to find the most and least expensive homes. It is somewhat surprising to see Coeur d’Alene on the same list Read more…
House Bill 1236 has passed the Washington State legislature and has been signed by Governor Inslee. According to the bill, a landlord may not end a tenancy except for some specific reasons. If a landlord and tenant enter into a Read more…
Governor Inslee has signed another bill to make it more burdensome to be a landlord in Washington State. The bill requires that low income tenants facing eviction be represented by an attorney. There are already tenant rights unions and other Read more…
There is more to choosing a city in which to invest than just cap rates or rules of thumb. Calculating cap rates was explored in detail in a previous article on this blog. It is a must-read if you are Read more…
Senate Bill 5096 proposed a 9% capital gains tax for the sale or exchange of long term capital assets, beginning January 1, 2022. Governor Inslee has signed the bill. The bill would apply to individuals as well as to owners Read more…
A Senate Bill in Washington State would prohibit landlords from terminating, or refusing to renew a rental lease that expires at the end of the lease term, until 2 years after expiration of any public health emergency. The only exceptions Read more…
Ingo Winzer, one of the best real estate market researchers, is predicting that the pandemic will probably last beyond 2021 and that the economy won’t recover for a couple of years. He believes that there will be a large number Read more…
A recent Harris Poll stated that greater than 65% of homeowners would consider moving to a different city if they could work from home indefinitely. People have been leaving high density areas (particularly New York City and San Francisco but Read more…
UPDATED APRIL 16, 2021. Governor Inslee has extended the prohibition on evictions until the end of June, 2021. That means that for more than a year, the state has put the burden on landlords to take care of tenants whose Read more…
With many employers allowing employees to work from home during the pandemic, people are leaving the high-density coastal cities for ex-burbs and smaller cities closer to nature, where there is room to spread out. Almost daily protests, sometimes turning into Read more…
In one of my previous posts, I discussed the advantages of purchasing cash-flow positive property. I also cautioned against buying in declining markets, such as in California. California is a big place with multiple different cities. It has a population Read more…
Most homeowners consider real estate to be a lifestyle choice that comes with maintenance and taxes. However, for real estate investors, real estate can be a money making machine that keeps on adding value with each passing year. This is Read more…
We are in unprecedented times due to the Coronavirus. People are leaving large, crowded, urban areas for lower density areas like in Wyoming, South Dakota, Idaho, etc. Companies are currently letting people work remotely due to the virus. Fear of Read more…
When deciding what property to purchase as an investor, it is useful to compare properties by calculating the cap rate for each property being compared. Cap rate is a term used in the real estate industry. It is short for Read more…