Coming Soon
July 08 2019
Buying a home can be competitive- especially in Los Angeles. Get the edge on other buyers by browsing these off market listings! Contact Carrabba Group to set up a showing at one of these Coming Soon properties.
Buying a home can be competitive- especially in Los Angeles. Get the edge on other buyers by browsing these off market listings! Contact Carrabba Group to set up a showing at one of these Coming Soon properties.
You probably have heard the term “1031 Exchange” in regards to real estate but aren’t exactly sure what that means. If you have heard of it and understand the process, bravo! For most people, even some real estate investors, the 1031 Exchange process is not very well understood. Read on if you would like to know the basics of doing a 1031 Exchange and some common pitfalls. The term 1031 Exchange comes from the IRS Code section that creates this tax deferral transaction (similar to 401k). 1031 Exchanges allow for a real estate investor to sell an investment property and roll over the proceeds into a new investment property without having to pay any capital gain taxes, as long as the purchased property is the same price or more expensive than the property that is being sold. The beauty of this is that theoretically you can continue doing these exchanges and defer paying capital gain tax until you’re ready to retire and pay taxes likely at the lowest capital gain tax rate. Keep reading for the steps involved.
You’ve just relocated to Los Angeles (or may already live here) and the amount of neighborhoods to choose from is overwhelming! One thing we know from living in the City of Angels as long as we have, is that a shorter commute is the ideal life hack to enjoy the city known for traffic. These are 5 neighborhoods close to your office that offer an exceptional quality of life:
You might as well flush money down the toilet. The authors of the 2018 Casden Multifamily Forecast, a rental market study, estimate that LA renters now pay $2,267 per month on average. They project that number will rise to $2,358 in 2020—an increase of 4 percent. Rents go up and down. Property values go up and down. Eventually they always seem to go way up, especially as they recover from recession. The home I bought in 1998 for $205,000 just sold for $1,199,000. In contrast, the apartment I rented for $850 in Silverlake in 1994 now rents for $3,800 a month.
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