Urge Your Legislator To OPPOSE AB 1157!

My letter to the State Legislature:

Dear Assemblymembers,

Time is short so I will be brief.

Areas like Los Angeles and San Francisco have had established Rent Stabilization Ordinances for decades. Those rent control initiatives were meant to keep rent affordable and to reduce homelessness. Decades later, these areas are known for the highest rental rates and highest rates of homelessness in the country.

Facts are facts: rent control does the opposite of what it intends to do. It hurts housing providers. It hurts renters.

AB 1157, however well meaning it may be, will only contribute to the State’s housing problems not aid them.

I urge all of you to strongly OPPOSE AB 1157.

Thank you for your attention.

-Andres Segovia

Get informed and find resources to contact the assembly in the video description here:

All resources are available here:

Los Angeles Keeps Punishing Homeowners

Reacting to the new JCO registration requirements in Los Angeles as presented by Dennis Block, Esquire of The Law Firm of Dennis Block and Associates.

Webinar link: https://www.youtube.com/watch?v=y8uX45ghPQk https://theandressegovia.start.page/ #theandressegovia #losangeles #rentcontrol

The Apartment Dealer: Busting 1031 Exchange Myths! 💼 #realestate #realestateinvesting #1031exchange #1031explained

Busting 1031 Exchange Myths! 💼 #realestate #realestateinvesting #1031exchange #1031explained
The Reality of 1031-Exchanges and A Piece of Advice. Beware Before You Complete an Exchange!

🔑 Busting 1031 Exchange Myths! 💼

There are many misconceptions about 1031 exchanges. Here’s the truth:

93% of IPX’s exchanges get completed, but it’s okay if they don’t. They tell their clients, if you don’t find something you love, don’t buy it just to save on taxes. Paying a bit more for a property you really want is fine, but don’t settle. Most are paying market value, not overpaying just to complete the exchange. Make smart, informed decisions! 🏡✨

Link to the full video: https://youtu.be/dfawO-71cqc

Contact:
Greg Burns
Senior Vice President
Investment Property Exchange Services, Inc. (IPX1031)
(626) 233-2773
https://ift.tt/w8ImrUD

#1031Exchange #RealEstateMyths #SmartInvesting #PropertyInvestment #TaxSavings #InvestmentTips #RealEstateAdvice #financialwisdom
via YouTube 

The Apartment Dealer: A Creative Twist on 1031 Exchanges for Baby Boomers! 🌟 #realestate #1031exchange

A Creative Twist on 1031 Exchanges for Baby Boomers! 🌟 #realestate #1031exchange
Homes are Becoming Unaffordable for the Next Generation. This Strategy Led to a Family Helping their Children Own a Home.

🏡 A Creative Twist on 1031 Exchanges for Baby Boomers! 🌟

With skyrocketing real estate prices, how can our kids afford to buy homes? Some savvy baby boomers are stepping in to help. Recently, we’ve seen parents sell off investment properties and use the proceeds to buy homes for their kids. The kids pay rent, and the parents hold the property as an investment.

✨ The Perks: They can set up a trust, ensuring the property becomes their child’s primary residence in the future. Combining tax codes like Section 1031 with Section 121 allows for some smart financial planning.

Link to the full video: https://youtu.be/dfawO-71cqc

Contact:
Greg Burns
Senior Vice President
Investment Property Exchange Services, Inc. (IPX1031)
(626) 233-2773
https://ift.tt/fpUj4xk

#RealEstate #1031Exchange #FamilyInvestments #GenerationalWealth #FinancialPlanning #BabyBoomers #HomeOwnership #Trusts #InvestSmart
via YouTube 

The Apartment Dealer: 1031-Exchange Case Study Before Retirement #realestate #1031exchange #retirement #1031explained

1031-Exchange Case Study Before Retirement #realestate #1031exchange #retirement #1031explained
1031-Exchange Case Study Before Retirement. A Vacation Home and a Rental Property?!

🌴 Embracing New Horizons with 1031 Exchanges! 🏡✨

As the baby boomer generation steps into retirement, many are rethinking their living situations. Recently, a client sold a $2.5M apartment building and made a smart move. They used $500K to buy a vacation home in La Quinta and the remaining $2M to invest in another apartment building.

🌟 The Plan: Hold the La Quinta home as a vacation rental for a few years, then eventually make it their retirement haven. Meanwhile, the new apartment building continues to generate income.

📈 Why It Works: This strategy not only diversifies their investments but also sets them up for a seamless transition into retirement without hefty California living costs.

Link to the full video: https://youtu.be/dfawO-71cqc

Contact:
Greg Burns
Senior Vice President
Investment Property Exchange Services, Inc. (IPX1031)
(626) 233-2773
https://ift.tt/EoK1rDF

#RealEstate #1031Exchange #RetirementPlanning #InvestSmart #BabyBoomers #FinancialFreedom #PropertyInvestment #DesertLiving #vacationhomes
via YouTube 

The Apartment Dealer: Utilizing a 1031-Exchange to Gift Your Heirs More Property #realestate #1031exchange

Utilizing a 1031-Exchange to Gift Your Heirs More Property #realestate #1031exchange
Utilizing the 1031-Exchange to Gift Your Heirs More Property. A Common Strategy Utilized by Experienced Investors.

💡 Discover the Power of 1031 Exchanges! 🏢✨

One of IPX’s clients in El Segundo was ready to sell his large office building, worried that his three sons might clash over the inheritance. Instead of cashing out, they suggested a smarter route: sell the building, do a 1031 exchange, and let each son pick their own property within a set budget.

🌟 The Result: Each son chose a property, reducing potential conflicts and setting them up for success. The properties were placed in trusts, making each son a beneficiary and trustee. This way, when the father passes, the sons inherit their chosen properties with a step-up in basis, eliminating taxes and family disputes.

📈 Why It Worked: Allowing each son to pick their own property ensured fairness and personal accountability. If one property outperforms another, it’s no one’s fault but the son who chose it.

Link to the full video: https://youtu.be/dfawO-71cqc

Contact:
Greg Burns
Senior Vice President
Investment Property Exchange Services, Inc. (IPX1031)
(626) 233-2773
https://ift.tt/bga4vJG

#RealEstate #1031Exchange #SmartInvesting #FamilyFirst #EstatePlanning #WealthManagement #PropertyInvestment #FinancialFreedom
via YouTube