Check out this ±4,000 SF free-standing building for lease in Vallejo. One of the many closures of Payless ShoeSource around the country.Read More
The Internal Revenue Service (IRS) allows an investor to sell investment real estate and potentially pay no taxes. Using a well-known tax law called Section 1031 of the Internal Revenue Code (IRC) an investor could defer capital gains on certain real estate investments.
Without a 1031 exchange tax liability could be as high as a blended rate of up to 35 percent in California. An investor who decides to cash-out from a sale could end up paying a large tax bill.Read More
Through determination and self-education you too can become a millionaire by making the right decisions with your real estate investments. In this series, we are looking at five steps to help one make the right choices in acquiring real estate investments.
Step one can be found in part one of the series--educating yourself. In part two, doing your research and focusing on what you know are steps two and three.
In this final article of the series, we will discuss how finding the right property and not getting cocky will keep you on the right path.Read More
Do not get ahead of your emotions. Watching those house-flipping shows, hearing the real estate guru’s tell you about how many millions they make and counting the success stories of other investors is far from reality in the real estate investment world.
In part one of this series, we discussed how not to get caught in the real estate guru trap, which is step one. There are many excellent real estate seminars available you just need to take time and research the company before you reserve your space--even if it is free.Read More
If you are looking for a quick and easy way to become a millionaire, real estate is probably not the answer. If your entire focus is the money, investment real estate in most likely not for you. Investment real estate definitely can be rewarding, but if you do not have the time, perseverance or focus like in most businesses your success will suffer.
To risk not sounding like a self-proclaimed real estate guru here are five easy steps to break into investment real estate. These may all seem like “easy” steps, but reading them and doing them are two very different things.Read More
Did you know you can realize many of the benefits of owning investment real estate in a syndication without ever screening a tenant, repairing a leaky roof or collecting rent?
There are several forms of group ownership methods for real estate investing including partnerships, corporations, LLCs (Limited Liability Corporation), and REITs (Real Estate Investment Trusts). These are commonly called a syndication.Read More
Straight-forward leased investment being sold by the developer. This site is zoned linear commercial, which allows for a wide-range of uses.Read More
As an owner of an apartment investment you probably know your income and most of your major expenses.
There are those hidden costs that may not be so obvious you need to watch out for because they can affect your bottom line. Here are ten hidden costs you may not be aware of:
1. Deferred maintenance. Like having a toothache, not seeing a dentist and later needing a root canal on-going maintenance will pay for itself.Read More
We are taking a look at a particular land use law and how a land survey plays a significant role in determining land use rights.
In part one we reviewed two case studies of a prescriptive easement on private land by individuals. Did you know the public can acquire rights to use private land?
There are many instances where the public perfected the use of private land through a prescriptive easement for access to a public street, park or beach.Read More
Wars were fought and battles continue to be waged over land. Disagreements lasting thousands of years in some cultures over boundaries continue today.
The Bible discusses boundaries and markers over 25 times and warns against moving your neighbor's markers or risk being cursed.Read More
We are pleased to announce a new available listing opportunity from Burt M. Polson, CCIM located at 1517 Tennessee Street, Vallejo, CA.Read More
We are pleased to announce a new available listing opportunity from Burt M. Polson, CCIM located at 105 Klamath Court in American Canyon, CA.Read More
Burt M. Polson, Napa Valley’s expert in luxury residential and commercial real estate, is pleased to announce the lease of a retail/office building located at 301 Post Street near downtown Napa.Read More
Have you ever considered the similarities and differences between Napa, California and Waco, Texas? After watching several episodes of Fixer Upper on HGTV and becoming a bit disgruntled I asked myself the same question.
You ask why was I disgruntled? In my previous article, I discussed the differences in housing costs between the two cities. With the cost of a home in Waco on average being 25 percent of a home in Napa, I ask myself why.Read More
According to the Housing and Urban Development (HUD) if you pay more than 30% of your income for housing you are burdened.
In Napa, California, a nice three bedroom home is available for rent at $3,000 month and will cost you around $8,000 to move in. In order to purchase a similar home, you will need to spend $660,000.Read More
There is a lot of paperwork in a real estate transaction. As a real estate broker, I have access to over 250 forms in the CAR library and close to another 90 in the AIR commercial library. These are most of the forms we need for a transaction, but we have a few more we use on a daily basis.
It is not always clear what the document contains based on the name when we receive it from other brokers. We like nomenclature, acronyms and giving documents obscure names as well as borrowing names of documents from other industries.Read More
Gone are the four basic sectors of commercial real estate: retail, office, industrial and multi-family. They are still very much a part of many portfolios, but the investor and broker will need to consider several new categories.
Real estate investors and brokers alike must consistently remain nimble for the ever-changing demographics, laws, and business needs to remain relevant.Read More
Selling and buying real estate has changed more in the last five years than in the last 25. Long gone is the one-page carbon purchase agreement my grandfather used or the MLS listing book brokers kept close in hand.
The way real estate is marketed, bought and sold has changed significantly. The availability of information on the Internet has brought about the informed client, which is great, but it seems real estate has always been the last to adopt new technology.Read More
According to Business Insider there are some ridiculous laws on the books in states across the US. Here are just a few:
It's a misdemeanor to try to pass off margarine as real butter in Iowa.
In Minnesota, any game in which participants attempt to capture a greased or oiled pig is illegal.
As of 1973, it's illegal to carry away or collect seaweed at night in New Hampshire.
In Florida, there's no dwarf-tossing allowed.
If a frog dies during a frog-jumping contest in California, it can't be eaten.
The latest economic development and business news from the City of Vallejo.Read More