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As a California Licensed Real Estate Broker, we provide real estate services in three areas: real estate investment, real estate finance and expert witness testimony. One of the greatest wealth builders is investment in income producing real estate. Golden Gate Advisors, Inc. is an expert in this area. Our expertise can help you deal with inherited property, donated property, new property investment and sale of existing property. As a California licensed Real Estate Broker, we advise our clients in office, industrial, retail and apartment property types. Financial structures include new construction, rehabilitation, credit leases, and mortgages. Real estate as a whole has had positive returns for many years. Past history has shown that ownership can be a good inflation hedge and provide a steady source of retirement income. There additionally are tax advantages to investment real estate ownership. Real estate is also illiquid and subject to natural disasters, physical plant problems, and tenant credit problems. Planning Tip: In a delayed Sec.1031 property exchange, an investor must purchase substantially the same ("like-kind") property identified during the first 45 days [Rev.Regs 1.1031 (k)-19d(1)(ii) ] If the new property is under construction on or before the property was acquired, it is considered substantially the same property if at completion the property has not deviated from the construction identified during the 45 day period. However, the portion completed after the purchase date is not considered as part of the price paid for the replacement property [(k)-1e(5)(iii)] Planning Tip: Regulations in California can create compliance problems for landlords. Effective January 1, 2002, regulations effect the payment of rent to a landlord. Every new tenant must be furnished the name, telephone number and address of the entity to whom rent should be paid. Notification can be in the new lease or by separate written documentation given within 15 days of executing the lease agreement. If a financial institution is to receive the rent as a deposit into the landlord's account, it must be located no more than five (5) miles from the premises. Electronic funds transfers are okay as an alternative. In addition, the landlord must provide a copy of the rental payment location and/or the lease agreement annually if requested by the tenant. The rental agreement and the notification can be posted in a conspicuous place on the premises like an elevator. The three-day notice to pay rent or quit also must set forth the name, address and telephone number of the entity or person to whom rent must be paid. If the rent can be paid in person, the time and hours during which the tenant can pay must be stated. This means that three day notices may need to be revised in order to be enforceable. Also, more methods of notification need to be used to thwart any tenant defenses that these new rental notification regulations were not complied with.
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Real Estate
Broker CA Dept of Real Estate #01239728