Depending on the loan amount for the new property, roughly a little over half of the gain could be deferred through the exchange.Without a 1031, they’ll face taxes on the entire gain, including federal capital gains tax (likely 15% based on their income), California state tax, and depreciation recapture, potentially totaling $130-150K.

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.

One of the things many who think CA OR WA are too expensive or are anti landlord.. this works two ways.. and exactly how you describe it..

Especially CA folks who are so in tuned to RE and owning RE as you know look at all the CA investors that flock to the mid west and rust belt to buy rentals.

My mother is a RE agent back home in California (30+ years), I have one rental property in Virginia Beach, and I'm mostly interested in BRRRRs, flips, and long/medium-term multifamily properties.

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

Also CA requires you to be licensed to originate DSCR and Hard Money Loans (I see on your bio you service CA), and there are many other states that are starting to follow pursuit.

However this is something that will for sure affect MF construction this year and sfr is these Tarrifs hold.In the NW I know a lot of lumber comes from CA / BC to be specific but my lumber packages for homes i build in Charleston SC are pine so I know it local wood .. but you know the lumber brokers they will gouge if they get any chance to do so

Over the past decade, I’ve built and managed purpose-driven homes in CA that serve communities while generating stable, long-term cash flow.In addition to running care homes, I also consult with aspiring care home owners across multiple states, including Texas, Arizona, and Michigan (Detroit area).

Be aware of California taxes that will hit you in their other funds based on your income level.