Huntington Beach, CA 2 Bed, 2 Bath with Garage For Lease
UNIT B HAS ALREADY BEEN LEASED. Check out unit C details here. For those who like being near the beach, here’s the place! Huntington Beach on the Orange County coast! 2 bedroom, 2 bathroom, 1200 sq ft ground floor unit in 4-plex building. Features tile flooring, fireplace, laundry hook-ups, large private outside patio, private one car garage, plus one additional off-street parking. In the lovely Harbor Way community, walk to popular stores, shopping and dining. Near parks, wetlands wildlife reserve, Sunset and Bolsa Chica beaches. No A/C but plenty of ocean breeze. $2,600 / mo. — HuntBeach.com | DETAILS | REQUEST VIEWING | APPLY
1.5 miles from the beach and wetlands nature reserve
BLOG VIDEO | TOUR VIDEO | DETAILS | REQUEST VIEWING | APPLY Remodeled in 1988, 8421 lot, 6481 sqft Gas & Electric Dryer Hookup Dishwasher, Electric Cooking, Garbage Disposal, Microwave Flooring: Carpet, Tile Has Heating One covered parking in private garage, plus one uncovered parking space. Roof: Tile Construction Materials: Frame, Stucco Lot Size Dimensions: 79 x 106.6 Lot Features: Cul-De-Sac | MORE
REAL ESTATE NEWS (Los Angeles, CA) — California investors often find themselves owing hundreds of thousands of dollars when they sell an investment property. Investors want to avoid paying big taxes, which can often total 33%, when they sell a property to buy another property. A 1031 Exchange is therefore quite possibly the best investment wealth building tactic for real estate investors today, because the IRS Internal Revenue Code section 1031 rule allows those taxes to be deferred.
While the rules say that they must be of “like-kind” properties, they don’t actually need to be the exact same kind of property. There’s plenty of flexibility. 1031 Exchange works for different types of properties, so long as they are in the United States, and the property is a long-term holding investment, not quick-flip inventory. Two single family homes can be sold to buy one large loft condominium, or even to purchase just a fraction of a large group investment. The purchased property must be worth at least at much as the sold investment. For maximum tax benefits and reduced change of IRS audit, the owner should hold the property for at least two years. It’s ok to have rental tenants during that time, and it’s also ok to use the property for personal use for up to 10% of the time.
The investor must spend all of the cash from the property sale, towards the down payment to buy a property of equal or greater value. Within 45 days of filing initial paperwork for the 1038 exchange, the investor must submit a list of all of the properties that are under consideration for purchase. The investor may choose to specify three properties, or the investor may specify as many properties that total less than $2 million or 200% of the value of the sold property. The investor must complete the exchange and close on the replacement property within 180 days.
The IRS requires investors to use an exchange accommodator, a third party that takes an active role in the transactions that turn a sale and purchase into an exchange. The intermediary facilitates the transaction, acts as a legal straw buyer, provides consultation, does the paperwork and ensure IRS compliance.
How a Landlord can Retire: The DST
How to retire from being a landlord: When a landlord has had enough of managing properties, they can reduce their workload to more of a passive income by using a 1031 Exchange to buy into a DST
. This is ideal for investors who want zero responsibility for the selection and management of property. These DSTs are commonly diversified by split into different baskets, such as: apartments, self-storage buildings, Amazon distribution centers and medical offices.
Get a free list of 1031 exchange accommodators, agents, lenders or DSTs. Fill out the online form:
