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6 December 2024 | 51 replies
However, separate property must be KEPT separate, so as the years roll by there’s less likely that separate property remains separate.Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, and Wisconsin are the community property states.The other 41 states are known as “equitable distribution” states, though their individual laws often differ considerably.
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4 December 2024 | 33 replies
Smart guy with the most practical advice, some great books, and he started in California.
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3 December 2024 | 6 replies
In a community property state like California, if your SMLLC is considered jointly owned due to community property laws, transferring a jointly owned property into it might not trigger the due-on-sale clause.
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5 December 2024 | 2 replies
I live in California, and have rentals in several markets across the country.
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2 December 2024 | 7 replies
A decent home away from the water in Rockwall should cashflow (unlike Plano and Frisco), look off John King blvd, or parts of Fate.
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5 December 2024 | 10 replies
Otherwise you could be wasting your time.I have clients from CA and NY do exchanges in GA and other states.
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4 December 2024 | 4 replies
You can - 1) establish a trust for asset protection, 2) utilize the Homestead Exemption for property protection, 3) consider tenancy by the entirety for marital property (this might just be applicable to California, my home state)4) make sure you have adequate liability insurance for additional protection, 5) think about forming a business entity to shield assets, 6) and have proper estate planning for asset distribution.Seek tax and legal advice from experts in your state.
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3 December 2024 | 2 replies
Hi all,I recently passed my Salesperson exam in California, and was looking at different brokerages.
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27 November 2024 | 13 replies
California is certainly not landlord friendly, as you have already eluded to.
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26 November 2024 | 4 replies
You really want to have your contract approved by an attorney even though California doesn't use attorneys for transactions.