Buyers Search Homes in Venice, CA

Home Search in Venice. CA

Buying in Venice, CA

Call: Gail Mercedes Cole

310.853.9933

Visit Search: http://www.westlaestates.com/local/venice-real-estate/

Venice, CA Real Estate
 

Single family homes ranging from turn of 20th century to current construction. Residential properties has undergone a Renaissance of total remodeling or new construction are seen on the canals, walk streets and ocean side properties. Venice is a Westside Beach City. Venice is south of Santa Monica and north of Marina del Rey. In Los Angeles Country member Los Angeles Unified School District. Buying property in Venice, CA Call Gail Mercedes Cole (310) 853-9933
License #00788828

Playa del Rey Home Search

Playa del Rey, CA Home Search

Buying In Playa Del Rey

Call: Gail Mercedes Cole

 

310.853.9933

Visit Search: http://yourwestsidehomes.com/Playa_Del_Rey__CA_90293.html

 

Call: Gail Mercedes Cole\
EXP Realty
310.853.9933
License: #00788828

Looking For Home in Marina del Rey, CA?

Marina del Rey Home Search

Looking for Home in Marina del Rey

Call: Gail Mercedes Cole

 310.853.9933

View Search: http://www.westlaestates.com/local/marina-del-rey-ca/

Marina del Rey 2000 census is 8,176 people. Where ever you live in Marina del Rey you are strolling, biking or skating distance to the beach and man-made Marina. Homeowners enjoy the Mediterranean type climate and cool ocean breezes. Marina del Rey, CA is adjacent to Venice and Playa del Rey, CA. Buying in Marina del Rey, CA
Call: Gail Mercedes Cole (310) 853.9933 License #00788828

 

Santa Monica Property Search, Stats and Activities

Santa Monica Real Estate Property Search, 
Market Stats, Activities and Walking Score

Call: Gail Mercedes Cole -  (310)853-9933
View Search: http://www.westlaestates.com/local/santa-monica-2/

 

City named after Saint Santa Monica of Hippo.  Spaniard explorer first visited city on Saint Santa Monica’s day of feast. City only 8.3 square mile along three mile stretch of white, sandy beach. The 2010 census over 90,000 people. In the early 20th century was a resort town. Historical Santa Monica Pier built in 1909 currently attractions tourist and residents. Downtown Santa Monica’s renovation in 1980s created a boom in job growth, tourist and home ownership demand. Community with local yacht and fishing clubs. Santa Monica in Los Angeles County is one the Westside's most exclusive neighborhoods. Residential properties from ocean side to inland. Properties built from the turn of 20th century to current contemporary construction. Varied architect styles vary from small craft man, ranch style homes to large impressive luxury mansions on large lots.  Seaside and inland condominiums from single level to high rises construction. Views depending on location are ocean, mountain, city light and or city lights. Commuter freeways Santa Monica and San Diego freeways. Santa Monica-Malibu Unified is the school district for the city. Santa Monica is south of Pacific Palisades and north of Venice, CA.

Call: Gail Cole-EXP Realty West L.A. Estates (310) 853-9933

License #00788828

Homeowner Remodeling Ideas and Costs

West L.A. Real Estate Remodeling Ideas and Costs

Call: Gail Mercedes Cole

 310.853.9933
View Redodeling: http://yourwestsidehomes.com/Remodeling_Westside_Home.html




Estimated Cost: $81,400-

Estimated Costs: $36,800-

Common reasons to remodel a home or condominium in West L.A. is lifestyle, update home, taste in decor, increase living space and layout arrangement. Families add a pool, spa, deck or patio are for family lifestyle uses and entertainment. Families may need more living space by expanding room or adding bedroom, bathroom or den. Average age of homes on the Westside are fifty to sixty years. Condominium average age is about thirty-five years. Generally, these properties were built before the information age. Home designer trends change. Homes currently are built and renovated with a strong emphasis on energy-efficiency and environmental concerns. When remodeling consider initial costs and recoup value for resale. Before you start knocking out walls or digging up the backyard, you should consider the return on your investment. Adding a second story can be costly foundation may have to be re-enforced or replaced.  Powder rooms and bathrooms can be an inexpensive remodels. On the other hand, kitchens can be costly. Common updates are the kitchens and bathrooms. Today's buyers know before they start their home search if they want a fixer-upper, home in original condition or remodeled home. Remodeled and renovated homes sale at higher values than homes in their original condition.


Call: Gail Mercedes Cole - (310)853-9933
license # 00788828

Do-It-Yourself Home Staging

Do-It-Yourself Home Staging

Call: Gail Mercedes Cole

  EXP Realty  

 

(310)853-9933

Homeowner Staging: http://www.westlaestates.com/home-staging/

 

 

Call: Gail Mercedes Cole
EXP Realty 
West L.A. Estates 
310.853.9933
License #00788828

1031 Tax Exchange-Westside Homes

1031 Tax Exchange –Tax, Investment Strategy and Tax Planning Tool

 View: http://yourwestsidehomes.com/1031_Tax_Deferred.html

Call: Gail Mercedes Cole - (310) 853-9933

Westside L.A. Real Estate



1031 Tax Exchange
L.A. Real Estate

Savvy investment and business property owners can take advantage of 1031 tax exchange. When selling an investment property combined state and federal capital gains tax can be as high as 15% to 30%.  That can be a nice chunk of money that can be deferred.  Section 1031 of the Internal Revenue Code allows tax-deferment when taxpayer relinquishes investment property, business property or commercial property and replaces it with a like-kind property. IRS rules must be strictly followed and capital gains can be deferred or postponed when selling property. Investors have utilized the 1031 exchange in their investment strategies for taxes deferment and estate planning. 

Properties That Do Not Qualify for 1031 Exchanges:

• Personal residence does not qualify for 1031 exchanges.
• Fix and Flip Properties
• Vacation or second homes not held as rental properties. (There is a usage test in the tax code, paragraph 280 that may apply. Check with real estate tax expert.)

Properties That Do Qualify for 1031 Exchanges:
Like- Kind Properties

• An apartment building for another Apartment Building
• Shopping Center exchange for Office
• Land exchange for Shopping Center
• Land exchange for Industrial Building
• Apartment building exchange for Industrial Building

General Requirement for 1031 Exchange:

•  100% if sales proceeds must be reinvested and value of replacement property must be equal to or greater than relinquished property.
•  
• Qualified Intermediary becomes designated seller and holds all proceeds of the sale of relinquished property. Intermediary are common known as, accommodator or facilitator. Third party that helps facilitates the 1031 exchange. The qualified intermediary charges a fee.
•  
• There is a 45 day identification period. At least three “like-kind” replacement properties must be identified in writing. There are no extensions on 45 day identification period.
• Once replacement property is selected investor has 180 days from date of relinquishment. The 1031 exchange must be completed by that date. The 180 days included the 45-day identification period.
•  
•  200% Percent Rule: Three properties can be identified provided their combined fair market value does not exceed 200% of value of relinquished property

1031 exchange is a technique allowed by Internal Revenue Services for investors to defer gains when selling an investment property. Tax deferred or money saved in 1031 exchange allow more money to reinvest in the new purchase property. The above information is a brief overview. This material is neither an offer to sell nor the solicitation to purchase real estate. The information is information purposes only. It is not intended to replace competent legal, tax or financial planning advice. The applicable tax codes apply to and relate to federal law only. Individual states may have their own additional tax codes. Please contact the appropriate tax and legal professional in your state. This information is provided from sources believed to be reliable but should be used in conjunction with professional advice that is consistent with your personal situation.


Buying or Selling Investment Property
Call Gail Mercedes Cole 
EXP Realty
(310) 853-9933
License:#00788828