Time for Change If I were king, that would be a rule. My DRE license number is 257862 and current numbers are around 2.0M. So I have seen many come, and I have seen many go. Some never last, and they never know why. Was Peter Drucker the one who said, “If you want to […]
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 […]
The Value of Sports Did I learn anything of value in spending so many hours over so many years practicing, playing, thinking, stressing and dreaming about sports? Yes. First, I learned that the adage about “You can do anything you want, if you want to badly enough” is not true. There is a small fact […]
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 […]
Interviewing Prospects In our Property Management Series the topic of interviewing prospects was discussed at length. In my opinion there are three facets to personnel situations. They are hiring, training and managing. When I look back on errors that I have made (and I have made many), I believe that I screwed up the most […]
Pocket Listing Pocket Listing: This is a listing of a broker member of the local Multiple Listing Service that is not placed into the Service. Do all listings have to be submitted to Multiple? No. Exceptions are: Listings for apartment houses, commercial buildings, etc.Listings out of the local area not covered by the Multiple. Listings […]
LIVE is Better First, let’s agree that LIVE is better. Much better than sitting at a computer all day and night and taking an exam. The caliber of any LIVE course is decided in a great part by the caliber of the instructor. Read some recent comments on our instructors. 100% Satisfaction We have […]
History of IRS Form 1040 A reader of my emails, Jonathan Hubbell, was generous enough to send me a most interesting form. He is a Broker Associate at First Team Real Estate in Mission Viejo. The form was the very first IRS Form 1040. He properly corrected a statement that I had made that Income […]
John Hancock Tower I posted this photo on Facebook a few days ago, and many people knew the answer. In front of a green screen, but it was on the 94th Floor of the John Hancock Tower on Michigan Blvd in Chicago, Chi-Town, Windy City, the toddling town, etc. Michigan Avenue The Magnificent Mile on […]
Acquiring Date In its fifth year, FHA’s policy of requiring the financial assessment of the borrower’s ability to pay has cut tax and insurance defaults by over three quarters and serious defaults by over two-thirds. This article by New View Advisors quotes Ginnie Mae data, they state, “We grade Financial Assessment’s performance as a solid […]
