Let us know if you have any questions, we've been in business since 2007 and are based in Santa Barbara County, California.

Federally, this tax is about 17%, with state rates varying from 4.5% in Kentucky to as high as 14% in California.For perspective, a property owner in California making a $100,000 profit on a home sale would pay over $17,000 in federal taxes and $14,000 in state taxes, totaling $31,000.

It's against the law in some jurisdictions (OR, WA, CA and others) to even approach someone in a distressed situation unless you are an attorney, a realtor, or a registered "Distressed Property Counselor" and you can't benefit by buying or wholesaling the property.Equity Skimming and related penalties of sentencing are detailed in 12 United States Code USC Section 1715Z-19.

Good morning, Taylor,We are a direct lender and not a broker here in San Diego, CA.

It's people who understand that it takes effort to become successful, typically from CA at this point, and have a way of showing those characteristics, do best.

We live in California so I think the opportunities are better when it's OOS.

Selling your share at fair market value could avoid gift tax but may trigger capital gains tax for you based on the sale price and your cost basis.In California, the transfer may also trigger a property tax reassessment under Proposition 13 unless a specific exemption applies.

Quote from @Craig Parsons: I'm working a flip in a commuter town about 60 miles south of San Jose CA.

Any type of investment real estate anywhere in the US can be sold and replaced by any other type of investment real estate of any number of properties anywhere in the US.Washington to CA is perfectly fine.  

And, at that time and place, it would arguably be silly NOT to do so. 100%.This post was biased towards San Francisco, and California more general to include Los Angeles and San Diego, today in 2024.