Tax Law Changes for 2018 – Will It Affect Los Angeles Real Estate and Property Taxes?

REAL ESTATE NEWS Substantial changes have been made to the federal tax code for the new year.¬†The new law almost doubles the standard deduction for 2018, but personal and dependent exemption deductions are eliminated. This will benefit some taxpayers and harm others. The Tax Reform Bill will have some effect on housing. ¬†#taxreformbill #propertytaxes #millsact …

Los Angeles Loft Laws: Adaptive Re-Use Ordinance, Litigation, Lawsuits LALoftLaws.com

Before looking at lofts for sale, prospective buyers want to know how a live/work loft fits into our lifestyle¬†and our finances. #dtla #lawsuits How does a loft work¬†as an investment? ¬†Buyers need to know how lofts fit into the real estate industry, how to avoid the problems with lofts such as loft lending problems, lawsuits, …

L.A. Loft Lawsuits – Downtown Los Angeles Litigation

It’s one of the most common disasters in Downtown. More than 20% of the listings for sale are in a building that is currently or recently involved in a lawsuit. Alta Lofts accusations,¬†Evo disputes, Gallery Lofts disagreement and Barker Block battles — these are only a few examples of the legal drama and potential pitfalls …

Downtown Los Angeles Lawsuits and Litigation

Evo, Alta, Barker Block and Bunker Hill Tower are just a few of the many Downtown loft and condo buildings that are currently, recently or soon to be in a lawsuit. More than 20% of Downtown buildings are recently involved in lawsuits or litigation. ¬†Usually, they are a result of the homeowner lawsuit against the …

Lawsuit at Alta Lofts – Loft Litigation

More than 20% of currently listed loft buildings in the Downtown Los Angeles area are currently or recently engaged in some kind of lawsuit or litigation. Alta lofts homeowners association recently disclosed that it may soon be embroiled in litigation in the near future. Because these claims and disclosures are written by lawyers, and you …

Frightening Truth About AirBNB Short Term Rentals and Spike in Unlawful Subletting

In 2015, the L.A. Loft Blog began hearing increasing reports of loft renters subletting their units by using AirBNB. This practice seems to be rapidly increasing even though it is generally not legal. AirBNB, a website that helps property owners connect with travelers and short-term renters who want to rent unique places in the U.S. …

L.A. Loft Laws – City of Los Angeles Adaptive Reuse Ordinance

LA Loft Laws, Lawsuits and Other Issues The Adaptive Reuse Ordinance has become one of the most significant incentives related to historic preservation in Los Angeles, facilitating the conversion of dozens of historic and under-utilized structures into new housing units. The Ordinance was originally approved in 1999 for downtown Los Angeles and was extended into …

Billion Dollar Loft – How to Make Tons of Dough in Downtown Los Angele Real Estate

2018 Make a Billion Dollars in Downtown Los Angeles Real Estate The Renaissance of Downtown Los Angeles Continues with Huge Benefits Today, after more than $12 billion of new investment and renovation, the glimmering luster of DTLA is once again shining through. ¬†The revitalization of Downtown is a powerful reminder that we can truly accomplish …

Real Estate Taxes 2018 Downtown Los Angeles California Lofts and Condominiums

TAX REFORM REAL ESTATE NEWS As tax laws have changed at the beginning of this year, the L.A. Loft Blog presents this article to help homeowners, buyers and sellers to gain a basic understand the changes, and to minimize any drawbacks while taking full advantage of the financial benefits of the new rules. ¬†While different …

Mills Act Lofts Lead to Lower Taxes for Downtown Los Angeles Real Estate in 2018

Mills Act lofts lead the way for Downtown Los Angeles real estate in 2018. ¬†These historic condominiums with exciting character such as high ceilings with concrete pillars come with a built-in bargain thanks to the law that pays owners to maintain the buildings with their original features. #millsact Readers of the L.A. Loft blog have …