Removing Proposition 13 Protections from Commercial Property
Property owners in California are familiar with Proposition 13. This landmark 1978 voter-approved-initiative limited property tax increases in the state to 2% annually.
Property owners in California are familiar with Proposition 13. This landmark 1978 voter-approved-initiative limited property tax increases in the state to 2% annually.
My opinion is that the best properties to buy in both situations are the same: Necessity Retail and Essential Multifamily.
While the slowdown in the economy has affected the entire nation, some sectors of the market are affected less than others.
Apartment properties in growing metropolitan areas and single-tenant, net-leased, buildings occupied by large corporate tenants with good credit.
Lets look at the growth characteristics in a few of my favorite regions of the country and the importance of buying in growing markets.
My deals are available turn-key: That is; all the inspections, repairs, negotiations, price reductions and loan closings have already happened.
California passed AB 1482, which enacts rent control across the entire state. Let’s talk about what this bill – as written – would mean for landlords.
I am revisiting my days in commercial real estate appraisal during the late 1990’s and discussing an important real estate concept: that of “Highest and Best Use.”
Over the years, when recommending properties, I have focused my attention on two asset classes: Net Leased Properties and Apartment Properties.
This week, I am going to talk about where real estate appreciation comes from.
In our last election here in California, Proposition 10 proposed the repeal of the Costa-Hawkins Rental Housing Act – a 1995 law that places limits on municipal rent control ordinances.
If you, understandably, don’t want to pay taxes on your gain and lose a large chunk of your principal; a 1031 Exchange is an option.