by arnielevine | Oct 4, 2019 | Real Estate news
Here are a few simplified takeaways Entrance/Exit: A bedroom needs to have a door to the main house and a window to the outside. Ceiling Height: At least 50% of the ceiling needs to be 7 feet high. Hence, a sloping attic ceiling is “OK” in most cases. Size: A bedroom...
by arnielevine | May 23, 2019 | Finance, Real Estate news
The familiar adage, “It’s not how much you make, but how much you keep” rings truer than ever for taxpayers who are real estate investors facing today’s high tax rates. Fortunately, IRC Section 1031, a provision in the tax code since 1921,...
by arnielevine | Feb 8, 2018 | Current Affairs, Real Estate news
California was home to 13 of the nation’s 20 “hottest” housing markets in January, with San Diego ranking sixth, according to new data fromRealtor.com. In San Diego, the typical home was on the market just 46 days, compared to 89 days nationally. In...
by arnielevine | Feb 8, 2018 | Current Affairs, Finance, Real Estate news
WHAT HOME SELLERS SHOULD KNOW ABOUT TAX REFORM MOVING EXPENSES Moving expenses are no longer tax deductible, except for members of the Armed Forces. HOME SALES IMPACT “¢Taking into account the impact of tax reform, home sales in California are expected to...
by arnielevine | Feb 8, 2018 | Current Affairs, Finance, Real Estate news
The new limit on deductible mortgage debt is $750,000, down from the previous $1 million. There are certain situations which may allow a home purchase to qualify for the $1 million, even if the home closes after Jan. 1, 2018. Talk to a tax professional to learn more....
