BENEFITS OF OWNING REAL ESTATE A 1964 article from the Van Nuys Green Sheet today known as the Los Angeles Daily News. Some of the numbers need to be changed to protect the public, but the thought is still current. The depreciating benefits of owning real estate are not completely understood by many prospective investors. […]
Our trusted Orange County Register Columnist Jonathan Lanser headlined an April article, “OC hits record price of $820,000”. However, I read the smaller print and it said that single-family homes hit $910,000 after increasing 10% in one year. That is an increase of about $82,273 for the median home. NB, LB, Villa Park, etc. your […]
Inter-County Previously I discussed Prop 60 where a homeowner could sell a home and under certain conditions, keep their low tax assessment in the same county. This was passed in 1986. As always California taxpayers were not satisfied, they wanted to be able to sell and move to another county with their low assessment. In 1988 […]
Tax Base Transfer Proposition 60 pertains to a regulation passed in California in 1986. It pertains to someone over the age of 55 who sells a house that has a comparatively low tax assessment to the current fair market value. This is due to the restrictions placed on property tax increases by Prop 13. The homeowner […]
Real Estate Goes Through Many Cycles And Techniques Change You will be in cycles where everyone is either a short sale expert, a flipper, new home seller, 1031 exchanger, rental property specialist, property manager, real-estate-owned agent, foreclosure auction buyer, 203K rehabber, or my field for many years: Syndication. There Is One Term From The Old […]
