A 1031 exchange is considered by many to be the most effective tax deferral tool available. Under IRS code section 1031, investment real estate owners are able to defer the capital gain tax on the sale of appreciated investment property if they reinvest in “like-kind” property. Real estate held for business or investment purposes can qualify as “like-kind” property. This includes single-family rentals, apartment complexes, office buildings, storage facilities, industrial buildings and many other types of commercial properties.Read More
We have less than 30-days left until the November 6th election that will decide the fate of the multifamily housing industry in California. Proposition 10, the so-called “Affordable Housing Act” is on the upcoming ballot, and in case there is any sort of confusion, VOTE NO on PROP 10. A no vote saves the apartment industry, and a yes vote could possibly end it. Vote no, and tell all of your friends and family to vote no. Please vote no on Proposition 10.Read More
Weed, pot, grass, marijuana or cannabis — no matter what you call it, this plant is shaking up voting booths and real estate markets across the country.
It’s one of the fastest growing niches in the industry, but thanks to legal problems, funding difficulties, and general wide scale uncertainty, it’s no surprise brokers have been a little slow to embrace cannabis real estate.Read More