Tag: California

CA and California – are obvious because we are in Los Angeles, California, and a fair number of people move here from across the U.S. and worldwide

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Real Estate Taxes 2018 Downtown Los Angeles California Lofts and Condominiums

TAX REFORM

Tax Reform 2018 Downtown Los Angeles, California Property Taxes
Tax Reform 2018 Downtown Los Angeles, California Property Taxes

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 understanding of the changes, and to minimize any drawbacks while taking full advantage of the financial benefits of the new rules.  While different items such as exemptions and deductions have gone up or down for various people, this post will focus on taxes that relate to L.A., CA real estate. For Downtown LA, owners of historic lofts continue to receive financial benefits through the Mills Act property tax law.  #taxreform #taxes #2018

Taxes depend on several factors such as whether the homeowners are single or married, and whether they meet several IRS rules.  The first $250,000 of profit is usually tax free for single ($500,000 for married). Several factors may be taken into consideration such as property improvements and expenses.  If it is not the property owners primary residence, they might be able to do a 1031 exchange when selling and buying a similar property. #millsact

Contact a tax professional, such as a CPA Miklos Ringbauer, or there are also some highly rated Downtown real estate tax professionals such as:

Pinnacle Tax Services – Tax Services, Accountants, Financial Advising
520 S Grand Ave, Los Angeles, CA 90071 (877) 224-0217

Buchalter – Bankruptcy Law, Real Estate Law, Tax Law
1000 Wilshire Blvd, Los Angeles, CA 90017 (213) 891-0700

Mills Act Tax Benefits

Mills Act Historic Lofts
Mills Act Historic Lofts

It sounds almost too good to be true to get paid to live in an artistic landmark and architectural masterpiece. But it is a fact. Many DTLA homeowners report savings of several thousand dollars per year off of their property taxes thanks to their amazing old building.  For helping to maintain the original look and character of the structure, homeowners have been getting up to 2/3 off of annual property taxes.

In addition to the amazing uplifting character of high ceilings and unique details, the Mills Act provides a great financial advantage for buyers and owners of approved historic loft condominium units, some of the most beautiful buildings in Downtown Los Angeles.

Get a free list of Mills Act properties. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN L.A.  [MAP]

Lofts For Sale     Lofts For Rent Lease Downtown Los Angeles DTLA    

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Historic Buildings in Downtown Los Angeles
Historic Buildings in Downtown Los Angeles

Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 This article provides general real estate information only that is not meant to be taken as financial advice. For personal tax advice and financial planning, readers must consult with a licensed financial professional such as Certified Public Accountant and Certified Financial Consultant. We are not associated with the homeowner’s association or developer. For more information, contact (213) 880-9910 or visit LAcondoInfo.com  Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.

 

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Entar Lease Form at EntarL.com is the Trusted Online Lease Application for All of California

The best deals go quickly. Apply online now for as little as $0

Entar Lease

Those who are considering the move to a competitive city like Los Angeles often need to find the right place quickly and save as much time and money in the process as possible. Renters relocating to Downtown Los Angeles must sometimes find a place within just a matter of days or even hours. Sometimes they even need to find the perfect home before ever coming into town to see the places. Often the prospective tenant needs to apply without seeing the loft, condo or apartment in person. In the old days, it used to be that a prospective renter had to pay $30 to $45 for each application and credit report, over and over again, costing hundreds of dollars. Not any more; now it’s FREE  —  and renters can use the same free application for more than one place. #apply #lease

The Garey Building

Finally an online application is available that is accepted by most landlords, real estate professionals and many different apartments Downtown, the Los Angeles area, and all of California! The new rental service EntarL.com was created by the trusted publishers of the L.A. Loft Blog, licensed Real Estate Broker Corey Chambers, a veteran of the U.S. Air Force.

Prospective renters should only complete an application with parties whom they can really trust. To protect personal information and prevent identity theft, do not ever fill out an application for someone who is out of town and cannot talk on the phone. For any online application, always meet the owner/manager/agent in person or call to have a voice telephone conversation.  The new EntarL.com service is sponsored by the authorities of Southern California real estate, the L.A. Loft Blog and CoreyChambers.com.  #online #application

Beat out the other renters to the best deals by getting a jump on the competition. Save lots of time and money by completing a single application that is accepted at thousands of different places. It’s free, and you can call and talk to a human, a real person whom you can trust. Call for free assistance from a licensed California real estate professional at 1-888-240-2500.

Apply free to more rentals in the Downtown Los Angeles area. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN L.A.  [MAP]

Lofts For Sale                

SEARCH LOFTS FOR SALE UNDER $400,000  |  $800,000,  |   $30,000,000
Browse by Building  |  Neighborhood  |  Size  |  Bedrooms  |  Pets  |  Parking

 

Couple enjoy historic industrial live/work Mills Act loft Downtown Los Angeles
Couple enjoy historic industrial live/work Mills Act loft Downtown Los Angeles

#application #leaseapplication #applyonline #dtla #lease #littletokyolofts #thegareybuilding

Copyright © This free information provided courtesy L.A. Loft Blog and APPLY.LEASE with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 We are not associated with the homeowner’s association or developer. For more information, contact (213) 880-9910 or visit LAcondoInfo.com  Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.