The following excerpt is from the forthcoming edition of Tax Benefits of Ownership which gives an overview on a transaction’s tax aspects.
Tax Benefits of Ownership: tax aspects advice
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Buying Homes in Foreclosure
Become an equity purchase investor hero. Stay current on the latest news, videos, forms, and updates for Buying Homes in Foreclosure.
Recent updates to the course e-book
- Effective January 1st, 2021, California homeowners qualify for a net equity homestead protection of up to $300,000 or the median sale price for a single family residence (SFR) in the homeowner’s county in the calendar year prior to the year in which they claim the exemption, not to exceed $600,000 (adjusted annually for inflation). [CCP §704.730] For more on this topic, see Form-of-the-Week: Homestead exemption, an asset preservation declaration – Form 465
Newly published related content
Low interest rates are here to stay, spurring refinancing; Monthly Statistical Update (November 2020)
Interest rates hit historic lows for mortgages; Plummeting interest rates send refinances soaring; The yield spread forecasts the long recovery ahead
Tax Benefits of Ownership: vacation home sales
This excerpt from the forthcoming edition of Tax Benefits of Ownership gives an overview on vacation home sales.
Industrial is the bright spot for SoCal commercial real estate
Read the details on how industrial, office and retail are faring in SoCal’s major markets during this 2020 recession.
Tax Benefits of Ownership: The §1031 reinvestment plan
This excerpt from the forthcoming edition of Tax Benefits of Ownership gives a brief overview of the fundamentals of Internal Revenue Code §1031 reinvestment plans.
Form-of-the-Week: The tenant lease worksheet and exclusive authorization to locate space – getting the best for your tenant while protecting your fee – Forms 111 and 555
Form 111 and 555 show agents and brokers how to efficiently negotiate a commercial lease arrangement.
Press Release: Q3 2020 Buyer Purchasing Power Index rises due to historically low interest rates
The BPPI was +10.6 at the end of Q3 2020.
Job losses wipe out the foundation for home sales volume, construction; Monthly Statistical Update (October 2020)
Jobs will be slow to return; The recession has impacted home sales volume first; Construction feels downward economic pressure
Brokerage Reminder: Get paid by your buyer, not played
This week’s Brokerage Reminder breaks down the importance of the Buyer’s Listing Agreement and always getting everything stated in writing.