by Lee Chen | Oct 16, 2019 | Real Estate, Tax Planning, Uncategorized
If you own property in California, whether your personal residence, OR a rental property, you know about Proposition 13…otherwise known as “Prop 13”. What’s the worry? An increase in property taxes through a re-assessment. Property taxes aren’t cheap and it’s critical...
by Mat Sorensen | Sep 18, 2018 | Business planning, Real Estate, Small Business, Tax Planning
What is a Qualified Opportunity Zone Fund? Here’s the short version, it’s a new break that allows you to re-invest gains from any assets (real estate, stock, etc.) into qualifying go-zone funds. You get both tax deferral and some tax reduction as a result...
by Lee Chen | Aug 14, 2018 | Asset Protection, Real Estate
The explosion of the sharing economy and in particular short term rentals offers real estate investors a lucrative opportunity to generate increased cash flow. However, with new opportunities come with new risks and nothing can be further from the truth when it comes...
by Mat Sorensen | May 1, 2018 | Real Estate
One of the financial benefits to owning your home (personal residence) is that the gain from the sale of home can be tax-free up to $500,000 for married couples and $250,000 for single filers. To take advantage of this: You must have lived in the home for two years...
by Lee Chen | Jan 30, 2018 | Real Estate
One of the most important due diligence items for buyers of real estate is the home inspection. Whether you plan to live in the home or whether you plan to hold it as a rental, it’s a big investment and one you want to make sure you’re not overpaying for...