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RESOURCES
California Solar Center
The California Solar Center has compiled a list of financial incentives offered for using alternative energy sources.
Reuse Building Materials
Discover how you can help recycle construction and deconstruction products.
New Fannie Mae Guidelines
Effective March 1, 2009, Fannie Mae will start once again financing up to 10 properties for investors in order to help with lending recovery. Find out what this means for you.
Wall Street Journal
National and International Real Estate trends and news.
Go Green
Everyone has ideas about greening residential real estate, but what about commercial investment property going green. Share your experiences or questions…comment here!
NEWS
Tax Credit Funds Depleting Quickly
July 21, 2010- A tax credit designed to assist California home buyers doesn’t have the budget to meet the need. First-time home buyers who purchase their property between May 1, 2010 and December 31, 2010 are eligible for a credit of up to $10,000 to be awarded over the following three years. However, there are only $100 million allocated to this program and the funds are disappearing quickly. California offered a similar program in early 2009 and their funds (also $100 million) were exhausted in 4 months. It could happen much faster this time, it is doubtful that the program will be able to sustain itself through August.
[Read More...]Unique Estate Tax Issues Possible in 2010
Beginning January 1, 2010, the 45% estate tax on estates over $3.5 million for individuals or $7 million for married couples is eliminated (temporarily). However, the estate tax returns in 2011 – at a higher 55% tax
Mixed Use Zoning in Los Angeles
RAS3 and RAS4 Zoned Property Zoning laws are important to understand when you are looking to buy or develop Los Angeles properties. Sometimes the distinction between what is permissible in different zones is relatively subtle. RAS3 and RAS4 areas allow for residential and
Just the Facts
This is a valuable site, If you want to know what bills are before the House of Representatives, who to contact to voice your opinion, or what decisions have been made on topics of interest to you.
AB 985 Could Affect the Cost of Transferring Property
AB 985 is currently making it’s way through the legislature. It is designed to fight discrimination in the real estate market but its effectiveness has been called into question and it’s costs are great. The Bill will require a title insurance company to strike any racist
What do think about AB 227?
AB 227 (Yamada) proposes to provide the means for the county recorder to archive historical documents (including real-estate documents). The funding would come from a fee (not to exceed $3 per document) imposed by the county board of supervisors. Proponents would say that this is a nominal fee, necessary to aid in a valuable service. Opponents allege that the fee is actually functioning
California Foreclosure Moratorium May Not Be Effective
Gov. Arnold Schwarzenegger signed into law a 90-day moratorium on California home foreclosures on Friday, but consumer advocates argue wide loopholes will prevent the legislation from
The American Recovery and Reinvestment Act of 2009 Passes
On February 13th The U.S. Senate passed the American Recovery and Reinvestment Act of 2009 by a 60 to 38 vote. The stimulus package passed the U.S. House of Representatives in a 246 to 183 vote. These votes followed several days of negotiations by the House,
Green Laws in California
Many states are putting into effect laws to preserve the environment. California is a front runner in implementing “green” builing laws. Check out the current green building ordinances for Culver City. Please contact us if you would like to know about the codes in your area.
Los Angeles Tenants Rights
December 19th 2008 – Los Angles Mayor Antonio Villaraigosa signed into effect a new law protecting tenants in buildings that have gone into foreclosure. Tenants of buildings in foreclosure cannot be evicted until the properties have been purchased by new owners. This new law will protect many renters who have become innocent victims of the foreclosure crisis. It has also been suggested that this will help the banks in possession of the such properties as vacant buildings are often the target of vandalism which can be expensive fix.
[Read More...]REAL ESTATE
West Hollywood 3 Bedroom
Cute cottage with lovely front and backyards at 362 Huntley Drive. This charming 3 Bedroom, 2 Bath is located on a cul de sac between La Cienega and San Vicente. $773,000. See the MLS for more info
Development Opportunity or SFR on Culver Blvd
New Listing in Culver City at $549,000. Great Starter House… Priced Right With Nice Backyard & Mature Trees. Across From Bike/Pedestrian Path. Close To Freeways, Shopping, Public Transportation. Or Hold & Develop This R4 Property
Santa Monica Extends Smoking Ban into Residential Territory
February, 2009- Santa Monica is known for its already severe anti-smoking legislation. City Council has passed further measures to safeguard residents against secondhand smoke. The new law regulates smoking in common areas of multi-family residences including apartment buildings and condos. Victims of secondhand smoke can file a civil action which can award them up to $100
Beverly Glen Condo on the Market
The Listing Price for 2175 Beverly Glen #203 is now down to $529,000.
This extra large bright unit offers great flow for entertaining and you can’t beat the location. For more pictures of the unit visit 2175BeverlyGlen.com or call Phyllis Miller at 213.999.2425 for a private showing.
[Read More...]Federal Pool and Spa Safety Laws
In December, 2007, the Virginia Graeme Baker Pool and Spa Safety Act, 15 USC 8004) (the “Act”), was signed into law by President Bush. The main purpose of the Act is to increase the safety of pools and spas in the United States by requiring certain safety devices to prevent the tragic and hidden hazard
Investment Opportunities in Corona del Mar
There are uniques opportunities in this upscale community where duplex/condo conversions provide investment opportunities for the small investor. Corona del Mar is a fashionable beachside Orange County community with dazzling residential properties as well impressive shopping and entertainment options. Explore Corona del Mar
Grant Funded Through ‘The Recovery Act’ to Increase Jobs and Provide Boost to Local Housing Economies
May 9, 2009-As part of an innovative partnership aimed at job creation and easing the pressures on the housing market, the Department of the Treasury and Department of Housing and Urban Development (HUD) jointly announced programs that will provide billions of dollars
Interest Rate Even Lower
The Federal Reserve has slashed interest on federal funds to 0.25%. In October rates fell to 1 percent, the lowest they had been since 1958.
Hot Weather is Here and You can Help your Tenants Save Money and the Environment
1. To be eligible for the rebate: (a) I must be a Southern California Edison customer on a residential, GS-1 or GS-2 rate, and (b) the service(s) I have completed must (i) qualify for the rebate, (ii) be performed at a single-family residential dwelling, or (iii) at a business less than 200kW, fully constructed and occupied, within SCE’s service area.
[Read More...]Realtors Mobilize to Prevent Additional Costs to Real Estate Transactions
California Association of Realtors initially OPPOSED AB 2678 (Núñez) because it effectively would have required, among other things, that ALL homes and commercial property in California have an energy audit at point-of-sale, and that mandatory energy efficiency investments be made.