My question today is: how can people who invest in real estate in California structure property transfers to their heirs to avoid massive reassessments like in the example above?

I’d probably lean selling in that case, h st which that area prices really revolve around is in rough shape, and in addition you kind of end up competing against the massive amount of new apartments/condo’s on the h st/noma/union market area, it’s possible it increases in price but 1031ing that into a Property in pg county or something seems like a much easier play/bet

To your point would either need a massive discount or much lower interest rate to achieve the 1% rule especially since average rents are low relative to the product quality. 

California gets a lot of hate on these boards, but the returns can be massive when you consider the rapid rate of appreciation.

Makes sense because they are actually helping out disabled and injured people like veterans and such.But an ESA has a few ways around accepting them.....and as a matter of fact, the HUD has been cracking down because of the massive fraud surrounding this in the past.

You don’t need to worry about eviction, uncollected funds, massive property damage, insurance hassle, annual renewal, death and crime, rent control, fair housing… that you typically need to handle in LTR.

My comments were simply to inform folks who may not otherwise know the massive amount of angst re: Airbnb swimming around the travel industry right now.

I'm a massive bear on the multifamily space in 2024, and not afraid to say so.

You won't have a massive surplus of cashflow but if you have reserves for capex, and can have other tenants paying 2/3 or more of your mortgage, its a great way to learn the ropes, build equity, get appreciation, and beats paying rent to someone else.

(1/26th of a year so that would cover $1,300/yr)Just ask for a massive deductible with the least coverage available. $10k deductible with $50k limits and no add ons.