Hi,I recently transferred the title of a California property from a C-Corp of which I own 100% of the shares to my and my wife's individual names.I was advised that the transfer would not trigger a property tax reassessment based on the fact husband and wife are considered an economic unit and the transfer would not be considered a "change in ownership" since 100% of the property ownership would be transferred from me through the C-Corp to me and my wife.Next thing I know I received a notice of supplemental assessment dating from the title transfer date.Was I incorrectly advised or should I contact the Assessor's Office to plead my case?

Ric Edelman is a better financial adviser celebrity to listen to in this regard versus Dave Ramsey.Yes, your income from renting is taxable.

A good one will be able to advise you with the simplest structure to protect you and achieve the results you are looking for.

Of course I know it’s there, the inspector wasn’t worried and advised me to clean it with bleach as it was dry, so it must have been from some older, but since fixed water damage from the 2nd floor unit.

I was advised that no fir level insurance company will touch it and I will have to seek out the secondary market like Lloyd's of London or a Korean market and it will be pretty expensive. 

I’ve filed for my llc through Legal Zoom and definitely feel I’m going to need to advise a real estate attorney.

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Any advise would be greatly appreciated!

Make sure you have an attorney look over everything and advise you on your first deal so you know what you are doing after that.

@James Wise that is excellent advise and it is nice to see St.