Hypotheticals and Examples in Real Property Ownership StructuresBy Thomas Caldwell Property taxes have been an unpopular but widely discussed topic point for a long time. Six thousand years ago in the city of Lagash in ancient Iraq archeologists have found clay tablets containing the king’s tax rolls called bala or rotation. Every month the tax …
AVOIDING THE PAIN OF SUPPLEMENTAL PROPERTY TAX BILLS Read More »
A BRIEF HISTORY OF CALIFORNIA’S REAL ESTATE By Thomas Caldwell There has never been an asset in the history of the world that has appreciated like dirt in California. For many millennia native people lived in this idyllic and fruitful land oblivious to the impending new world of rapid economic change. During the rancho period under the …
FILING A PROBATE IN CALIFORNIA By Tom Caldwell Your loved one has passed away and never got around to creating and funding a trust. Unfortunately it was easily avoidable but now reality has set in. Probate is a very expensive and time consuming process. The good news is probate courts are courts of equity which means that …
Family Limited Partnerships Family limited partnerships are a great organizational tool for many wealthy families. They have always been one of the simplest and hardest to screw up frameworks to implement a successful succession planning and tax planning strategy. After the basic estate plan and a whole life (or guaranteed universal life) insurance policy owned …
Family Limited Partnerships Are Still A Great Estate Planning Tool Read More »
The Internal Revenue Code and California Proposition 13 have long favored real estate as one of the most tax efficient asset classes, along with municipal bonds. Many syndicators (deal promoters or sponsors) have been able to make terrific historic returns for their investors and for themselves when using the tax code wisely and leveraging off …
Almost every business negotiates a lease at some point. Whether gross, modified or triple net (“NNN”), the pitfalls and landmines are often much larger than initially understood when looking for a space for a business. Many companies rely on their real estate brokers or try to negotiate the lease themselves as opposed to hiring an …
According to the 2011 American Community survey (by the U.S. Census Bureau), 37.9% of Angelinos were born outside of the United States. Additionally, many international investments are being made in California to take advantage of the EB-5 and other visa programs. As such, more and more clients, spouses and family members are not U.S. citizens. …
Caldwell Law Recommends California Real Estate Investors Target Low-Income Housing to Avoid Property Bubble By Lawrence Shersher A well-known commercial real estate attorney says declining cap rates and rising interest rates are contributing to a growing bubble in the multi-family housing market in Los Angeles. But he says one asset class that continues to provide …
Avoid the Next Real Property Bubble by Investing in Affordable Housing Read More »
You work hard your whole life to make a good life for your family. You might feel like you did it all on your own but in reality there is a reason why you are where you are today. Your family, your community and its institutions, the rule of law and in my personal opinion, …
Forget Hollywood, Los Angeles is a real estate town. If we were in New York , most wealthy families’ investments would primarily consist of equity holdings. Here in Southern California real estate is king and the majority of well-off families’ investments are primarily comprised of commercial or multi-family real estate holdings. In all of California, middle class families’ …
Sun, Surf and Land: Forget Hollywood, Los Angeles Is A Real Estate Town Read More »
