woman biting nails and nervous

Real Estate Cancelations Surrounding Coronavirus (COVID-19)

  • March 24, 2020
  • devinlucas

Can you legally cancel your real estate transaction, or real estate listing, over Coronavirus (COVID-19)?  What options does a buyer have to cancel, what about the seller, what about the REALTOR®?  Read our below article for a preliminary discussion; watch this video where Mr. Lucas explains in detail: No doubt, real estate transactions are being … Continue Reading

Eviction Notice crossed out to signal do not evict

It’s Official – California Has Statewide Rent Control

  • February 3, 2020
  • devinlucas

It’s Official – California Has Statewide Rent Control… Many exemptions exist that will apply to most small owners; corporate owners are the primary target of the current law. … This New Statewide Rent Control Has Two Key Components: 1) Caps Rental Increases; 2) Requires “Just Cause” For All Evictions.

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1031 Exchange – Overview / How To

  • October 10, 2019
  • devinlucas

There may be no better tax incentive for investment real estate than the 1031 Exchange.  Named in reference to section 1031 of the Internal Revenue Code, the “1031 Exchange” allows an income tax free (or tax deferred, see below) exchange of investment real estate with wide latitude as to what real estate can be purchased … Continue Reading

wallet of cash into the hands of Uncle Sam

2018 Tax Reform – Key Impacts on California Real Estate

  • June 15, 2018
  • devinlucas

Newport Beach, Costa Mesa, Orange County and all California homeowners – and potential homeowners – have some significant tax changes to consider and plan for in 2018. H.R. 1, known as the Tax Cuts and Jobs Act, which both houses of Congress passed on December 20, 2017, contains a large number of provisions that affect … Continue Reading

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Real Estate Tax Tip For Itemizers (aka Loophole ALERT) – Consider Paying Your Second Installment Property Tax Bill Early (as 2018+ is Now Capped)

  • December 27, 2017
  • devinlucas

Consider prepayment of your property taxes in 2017. Newport Beach, California – H.R. 1, known as the Tax Cuts and Jobs Act, which both houses of Congress passed on December 20, 2017, contains a large number of provisions that affect individual taxpayers, especially homeowners. As of January 1, 2018 – single or married – you … Continue Reading