It is worth 3M now but the tax basis is close to 700k.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

Hey everyone so due to the passage of prop 19 in CA, my dad has transferred our SFH which is our primary residence to myself and my brother in order to preserve our prop 13 tax base going forward.

Tax records with the county list me as current owner in the property address questioned.Does anyone have experience dealing with title errors?

Does anyone know which states are similar to CA Prop 13...in terms of fixed increases in property assessment value for property tax and able to pass down the assessment value to children?

In your holding costs, are you accounting for taxes?

I do not feel that the city of Spartanburg is a good rental market for investors due to the high tax rate  2.5 to 3 months rent just to cover the taxes on average for medium income rentals.

Apr. 23, 2012) (The Tax Court approved 1031 exchange even though the taxpayer moved in eight months after the exchange.

Current CA property tax laws allow prop 13 tax base (reduced property tax) if property was home of your parents and will be occupied by a child.  

Compare the rental revenue to the costs associated with the property, such as taxes, upkeep, and administration.