Generally, if you exchange investment property solely for investment property of a like kind, gain may be deferred into the future under Internal Revenue Code Section 1031. If as part of the exchange, you also receive other (not like-kind) property or money, gain is recognized to the extent of the other property and money received. …
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A look back to Balboa Island in 1928, from Jeff Delaney’s book Newport Beach: In 1906, W. S. Collins commenced a dredging operation, partially completed by 1910, at which time a sucesion of subdivision map filings began. Prior to the dredging, the island was largely overflowed swamp land and mostly underwater at high tide. It …
I have an affinity for real estate infographics–it’s just a great way to present information in a fun-to-look-at format. Here’s a mortgage payment-related one from mlsmaps.com:
Q. What is a Homeowners’ Exemption? A. A Homeowners’ Exemption could save you at least $70 per year. If you own and occupy your principal place of residence on January 1, you may apply for a Homeowners’ Exemption that will exempt $7,000 of your home’s assessed value from taxation. Q. How do I get a …