What I wrote above does not create an attorney/client relationship between us.

Depreciation can create paper losses to offset rental income or passive income, and qualifying as a Real Estate Professional (REPS) or STR loophole can allow losses to offset W-2 income.This post does not create a CPA-Client relationship.

I personally do not own any rentals here in orange county but we do have clients in that live in orange county and many of them have to go out into riverside county or San Bernardino county to be able to cash flow and just barely nothing crazy.

I love working with clients and getting them further towards their wealth building goals via investment properties.Excited to learn and connect with you all!

What I wrote above does not create an attorney/client relationship between us.

Note that California taxes capital gains as ordinary income (up to 13.3%) and does not conform to federal bonus depreciation rules.This post does not create a CPA-Client relationship.

If they can't answer the phone for a possible new client, will they answer if you are already locked-in?

If simplicity is key, selling outright is best; if deferral or family planning is the goal, consider gifting or a 1031 exchange.This post does not create a CPA-Client relationship.

I have a couple of Bay Area clients and used to live in the Bay Area myself.

Purchase price: $155,000 Cash invested: $159,000 I offered my client 155,000 for her home that she was considering selling, she said yes.