If you're a real estate investor looking to sell one property and buy another, a 1031 Exchange might be your best financial friend. Named after Section 1031 of the IRS Code, this strategy allows investors to defer capital gains taxes by reinvesting the proceeds from a sold investment property into a "like-kind" replacement property.
But what does this really mean for sellers? Let’s break it down.
What...
Investing in real estate can be one of the most effective ways to build wealth, particularly when focusing on properties with 1 to 4 units.
What Buyers Should Know?
Financing Options
Buyers looking at 1 to 4-unit properties should expl...
1. Budget Wisely
Determine Affordability: Calculate your budget, including rent, utilities, and other living expenses.
Consider Hidden Costs: Factor in parking fees, maintenance, and renters' insurance.
2. Research the Area
Neighborhood S...
Selling your home can be both exciting and daunting. You've invested time, money, and memories into your property, and now you're ready to move on to the next chapter of your life. But before you hang up that "For Sale" sign, there's a crucial ...
House flipping is a popular real estate investment strategy where investors purchase properties, renovate them, and sell them for a profit. This practice has gained significant traction in recent years due to its potential for substantial retur...
Home prices in California are rising rapidly, median rental prices increased approximately 19% over a year ago in January. Buying a home is more practical than renting. However, buying vs. renting is a decision that ultimately depends on person...
SB9 took effect January 1, 2022
Allows homeowners in CA to divide their property into two lots. It allows two homes to be buiilt on each of those
lots, with the effect of legalizing fourplexes in areas that previously only allowed one home ...
Most homeowners with distressed loans often ignore their alternatives to foreclosure until it's too late.
You have other options to avoid the foreclosure on your home. Don't make that mistake.
Knowledge and determination will give you the...
The housing market for 2022, group of experts predict that annual home prices will increase 5.7% and inflation will rise 4%. Slower growth in home prices, decelerating inflation. and multiple interest rate hikes by the Federal Reserve could con...
The California statewide eviction moratorium ended on October 1, 2021 but some restrictioms remain the same in place.
Cities throughout California are issuing orders and adopting urgency ordiances. Los Angeles's eviction moratorium extends t...