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11 February 2024 | 3 replies
His house has high capital gains taxes (bought it 1983) and low property 19 (CA) tax base.
11 February 2024 | 2 replies
Our goal is for me to buyout my siblings and to own the house myself while maintaining as much of the prop 13 tax basis as possible.
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12 February 2024 | 1 reply
I am in need of reputable outfit that provides consolidated Family Office Services under one roof in Sacramento area( Asset Protection, Trust and inheritance, Tax services and strategies and Financial Advice for Real Estate Investors ).
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11 February 2024 | 2 replies
My current focus is on expanding my portfolio by acquiring and developing a new property, but I want to ensure I'm making the smartest moves for tax efficiency, equity growth, and risk management.BackgroundI own two properties: my primary residence (Prop 2) and a long-term rental (LTR, Prop 1) that's close to being mortgage-free.
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14 February 2024 | 21 replies
Running the numbers includes calculating the ARV, and estimating the following: rehab costs, closing costs (I use 10% of ARV, that will cover a buyers and sellers commission at 3% each and 2% closing costs on each of the buy and sale), funding costs, staging costs, insurance cost, property taxes while you own it, utilities while you own it Other tips:Stage every house you flip unless we get back to a stupid market like we had two years ago where you got 20 offers on the first weekend at $50k over ask with no inspection contingencies.
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13 February 2024 | 2 replies
My goal is to learn tax deed investing specifically and start my financial freedom journey.
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11 February 2024 | 4 replies
But want to retain my Fathers' Prop 13 low Tax basis when transferring ownership under California Prop 19 im told by the County tax accessor i can what's the best type of loan to buy my Sister out.
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12 February 2024 | 18 replies
This is when the taxes are due and the seller will recognize the gain.
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12 February 2024 | 7 replies
You don't actually own the property until the sale is ratified by the courts as a foreclosure is a legal process though you are generally responsible for the property taxes for the property from the moment you win.