Living in Palo Alto California
Living in Palo Alto California
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How to Avoid Capital Gains Tax When Selling Real Estate (2024)
You might have heard that a risk with real estate is being subject to capital gains taxes. The thing is: you don’t have to always pay those taxes. In this video, I’ll break down exactly what the capital gains tax is. I’ll also give you multiple strategies to avoid it. You can save a huge chunk of cash in taxes by following these methods.
Want to know more about 1031 exchanges? Check out my webinar ➡️ bit.ly/2XRental
✅ Please Subscribe to my channel I put out a new video every Thursday →
www.youtube.com/@livinginpaloaltocalifornia?sub_confirmation=1
💥Follow me on Social Media 💥
Instagram: heatherlinhomes
Facebook: HeatherLinHomes
LinkedIn: www.linkedin.com/in/heatherlin
Twitter: HeatherLinHomes
Website: heatherlinhomes.com
Looking forward to connecting! Please call or text with any real estate related questions: (415)317-2188
Keller Williams Palo Alto BRE# 01870205
Timestamps:
:49 - What is a capital gains tax?
3:33 - How to avoid capital gains taxes
4:46 - Live in the property
5:12 - House hacking
#capitalgainstax #1031exchange #househacking
มุมมอง: 494

วีดีโอ

The hidden danger in 1031 exchanges...
มุมมอง 9221 วันที่ผ่านมา
You might be thinking about executing a 1031 exchange. A 1031 exchange is a great way to bypass capital gains taxes when selling a home. However, there are some strategies you should know before you complete one. This video has the three biggest mistakes people make when they do a 1031 exchange. Watch this video so you know what they are and don’t make them yourself. If you want to learn more a...
Tax Loophole!! Year 3 of renting out your primary residence...
มุมมอง 54หลายเดือนก่อน
One of the reasons you got into real estate investing was to no doubt take advantage of the tax breaks. You might think that if you live in a home, you can’t get the tax breaks of an investment property and vice versa. That’s not exactly true! Watch this video to see how you can benefit from both the Section 121 exclusion and 1031 exchange on the same property! To illustrate, I’ll show you an e...
Bay Area New Construction Homes: Pros and Cons Revealed!
มุมมอง 76หลายเดือนก่อน
If you’re looking for property in the Bay Area, you’ve probably come across a lot of new construction homes. These builds have plenty of advantages. But, they also have a few disadvantages you might not be aware of. Before you go and spend your money on a brand new build, make sure you know all the pros and cons. In this video, I’ll give you the top 5 pros, including some very appealing financi...
Double Your Rental Income with 1031 Exchange
มุมมอง 50หลายเดือนก่อน
Register for My Upcoming Webinar to Learn How to Double Your Rental Income with a 1031 Exchange 👇👇👇 bit.ly/2XRental ✅ Please Subscribe to my channel I put out a new video every Thursday → th-cam.com/users/SellingHome...​ 💥Follow me on Social Media 💥 Instagram: heatherlinhomes​ Facebook: HeatherLinHomes​ LinkedIn: www.linkedin.com/in/heatherlin​ Twitter: He...
Double Your Rental Income with a 1031 Exchange
มุมมอง 2292 หลายเดือนก่อน
If you’re looking to avoid capital gains taxes on your investment properties, you need to know what a 1031 exchange is. This can be especially helpful to you if you’re losing cash flow on your current investment properties! I’ve done many 1031 exchanges in my career, and they’ve been super valuable to me. Watch this video to find out how to do a 1031 exchange, and what benefits it could have fo...
Do you REALLY need a real estate agent?
มุมมอง 542 หลายเดือนก่อน
Maybe you’ve heard about the recent class action lawsuit against the National Association of Realtors (NAR), and you’re a little worried about getting a real estate agent. This controversy is making you wonder if it’s worth it to even have an agent. I get your frustration, and I want to help clear up some things for you so you have all the facts. In this video, I’ll break down what that lawsuit...
The Peninsula's Best Kept Secrets
มุมมอง 993 หลายเดือนก่อน
I’ve lived on the Peninsula for a number of years now, and I want to share with you my favorite spots. These aren’t the trendy spots everyone talks about. These are true local faves from a true local! I’ll let you know my favorite restaurants in the South Bay that feature a wide array of cuisines. I’ll also let you in on the outdoor festivities that are going on all year long. Plus, I have even...
I'm in Escrow- What happens Next?
มุมมอง 583 หลายเดือนก่อน
Congratulations! You’re officially in escrow…now what? There are a lot of moving parts in the escrow process, but I promise it’s not as confusing as it seems. I’ll guide you through the 30-day escrow timeline in this step-by-step video to make sure you’re completely prepared to close on your new home. Watch to learn about what documents you need, the appraisal and walkthrough processes, and wha...
The Problem with Pricing Your Home Using Zillow...
มุมมอง 923 หลายเดือนก่อน
Everyone turns to Zillow to figure out how much their home is worth. So, what's the problem? For one, there are lots of things that Zillow's pricing estimate does not take into account. Watch to find out why Zillow isn't the best tool to price your home. Plus, find out what I recommend as the best way to find out how much your home is worth. Timestamp: 00:00 Welcome 00:39 Problem # 1 1:41 Probl...
Should My Home "Go Green"?
มุมมอง 304 หลายเดือนก่อน
If you're wondering if you should make your home "green," the answer is yes. It helps the environment, and thanks to the Inflation Reduction Act of 2022, there are big tax incentives for you to do so. How do you make sure you benefit from those tax incentives? What does it mean to "go green"? I'll answer both of those in this video. Watch to see 3 main ways to make your home more eco-friendly a...
How I Live in Silicon Valley For Free (House Hacking Step-by-Step Guide)
มุมมอง 2414 หลายเดือนก่อน
Living in Silicon Valley for free? Seems unheard of, right? Thanks to house hacking, that's exactly what I do. If you're not sure what house hacking is, you'll want to know if you own any investment property. Watch this video to find out exactly what house hacking is and how you can do it. That way, you can live for free, too! Timestamp: 00:00:00 It's expensive to live here in the Bay Area, 00:...
"Rich Dad, Poor Dad" Playbook for Building Generational Wealth
มุมมอง 2205 หลายเดือนก่อน
"Rich Dad, Poor Dad" Playbook for Building Generational Wealth
1031 exchange workshop
มุมมอง 535 หลายเดือนก่อน
1031 exchange workshop
6 Mistakes to Avoid When Selling a Home
มุมมอง 3125 หลายเดือนก่อน
6 Mistakes to Avoid When Selling a Home
The Real Estate Market is Changing...
มุมมอง 1666 หลายเดือนก่อน
The Real Estate Market is Changing...
How to Pay Less Taxes as a Homeowner
มุมมอง 996 หลายเดือนก่อน
How to Pay Less Taxes as a Homeowner
Tax Strategies that will save you $$$ in Real Estate Investing
มุมมอง 897 หลายเดือนก่อน
Tax Strategies that will save you $$$ in Real Estate Investing
Why Insurance Companies Are Leaving California...
มุมมอง 2.2K7 หลายเดือนก่อน
Why Insurance Companies Are Leaving California...
Top 5 Suburbs To Live in Palo Alto, California
มุมมอง 4568 หลายเดือนก่อน
Top 5 Suburbs To Live in Palo Alto, California
Living in Palo Alto, California: Pros and Cons
มุมมอง 2.9K8 หลายเดือนก่อน
Living in Palo Alto, California: Pros and Cons
How Much Profit Will I Make on My House?
มุมมอง 988 หลายเดือนก่อน
How Much Profit Will I Make on My House?
Discovering Silicon Valley's Best Kept Secrets: $5k A Month House Tours
มุมมอง 2438 หลายเดือนก่อน
Discovering Silicon Valley's Best Kept Secrets: $5k A Month House Tours
Discovering Silicon Valley's Hidden Gems: $4k a Month House Tours
มุมมอง 2389 หลายเดือนก่อน
Discovering Silicon Valley's Hidden Gems: $4k a Month House Tours
WARNING! What Not to Fix When Selling Your Home
มุมมอง 5399 หลายเดือนก่อน
WARNING! What Not to Fix When Selling Your Home
From Townhouse To 5-Plex: Investing in Real Estate in the San Francisco Bay Area
มุมมอง 979 หลายเดือนก่อน
From Townhouse To 5-Plex: Investing in Real Estate in the San Francisco Bay Area
Flipping Houses 101: 5 Expert Tips to Maximize Your Profits
มุมมอง 25410 หลายเดือนก่อน
Flipping Houses 101: 5 Expert Tips to Maximize Your Profits
2023 Real Estate Bay Area Market Review: What's Changed?
มุมมอง 18410 หลายเดือนก่อน
2023 Real Estate Bay Area Market Review: What's Changed?
Secrets Revealed: How I Make $11k a Month on My Triplex in San Jose
มุมมอง 46811 หลายเดือนก่อน
Secrets Revealed: How I Make $11k a Month on My Triplex in San Jose
WARNING! The problem with Airbnb Rentals
มุมมอง 18311 หลายเดือนก่อน
WARNING! The problem with Airbnb Rentals

ความคิดเห็น

  • @Bob-li2cj
    @Bob-li2cj 2 วันที่ผ่านมา

    My fave place ever!

  • @alvarezinsuranceagencyllc1794
    @alvarezinsuranceagencyllc1794 6 วันที่ผ่านมา

    Farmers Insurance is NOT leaving California; we are still writing new policies with some underwriting requirements depending on the type of policy.

  • @kingsbarnrealestatecapital
    @kingsbarnrealestatecapital 14 วันที่ผ่านมา

    Great video! Helpful tips on avoiding mistakes with a 1031 exchange, especially about the tight 45-day timeline and using a qualified intermediary. Looking forward to your webinar for more insights!

  • @MyOutdoorActivity
    @MyOutdoorActivity 26 วันที่ผ่านมา

    inflation!

  • @RolandoTiglao
    @RolandoTiglao หลายเดือนก่อน

    San Francisco Daly 😊

  • @jeciel85
    @jeciel85 หลายเดือนก่อน

    California will be the next San Francisco.

  • @pinkysunshine2423
    @pinkysunshine2423 2 หลายเดือนก่อน

    How you gonna mention Mitchell park but not mention the elementary school Fairmeadow that shares that park??????? That's a great school. My brother made their school logo image in the 1980s!!!

  • @ctvlogs_
    @ctvlogs_ 3 หลายเดือนก่อน

    dope

  • @bengordon7635
    @bengordon7635 3 หลายเดือนก่อน

    The mayors family in San Fran is a billionaire from china easy to see whats happening ,, its not a train wreck its by design .. China owns the Democrats ,,,, buying up everything in calorifornia making people leave by forcing them to upgrade buildings with chinese renewables ,, china does not start wars they buy up everything then own you ,, they already own newsome .. Biden and son ,, china already has its security camera algorithm in place .. we have been sold out by the corrupt ,, democrats do not care about you

  • @CharleaReaAdams
    @CharleaReaAdams 3 หลายเดือนก่อน

    Which ones come with all appliances? Refrigerator, gas or electric full size stove/oven with an above microwave range, a deep “farm like” kitchen sink with faucet hardware, perhaps a regular size dishwasher if unit’s kitchen square footage can fit one? And always a plus a stackable or combo washer and dryer??? Other necessities like Hot water tank, insulation in roof, walls and floor, a complete electrical, complete plumbing package, already to be hook up?, Does it come with bathroom sinks, shower, and kitchens hardware??for heat and air conditioning… does a ADU come with a mini split?

    • @livinginpaloaltocalifornia
      @livinginpaloaltocalifornia 3 หลายเดือนก่อน

      Hi, thanks for reaching out. The owner of the ADU decides the appliances so it really just depends. Every property and property owner is unique. Hope that helps.

  • @layovergirl
    @layovergirl 3 หลายเดือนก่อน

    Great video! Thank you.

    • @livinginpaloaltocalifornia
      @livinginpaloaltocalifornia 3 หลายเดือนก่อน

      Thanks for watching! Are there any other videos that you would like to see? More videos about Palo Alto perhaps?

  • @AnonymousAccount514
    @AnonymousAccount514 4 หลายเดือนก่อน

    Palo Alto are Fake Liberals...they talk a good game, but they don't actually do liberal things. 1. they dont allow low-income housing. 2. they dont allow dispensaries 3. they do not offer any services to homeless people 4. They do not have any Planned Parenthood offices All Bark...No Bite

  • @robertwilliam9558
    @robertwilliam9558 4 หลายเดือนก่อน

    I would use the Redfin home estimate that is more accurate.

  • @HoneyBerighthere-Saysarath
    @HoneyBerighthere-Saysarath 5 หลายเดือนก่อน

    All insurance is a scam.

  • @tohidulislam7845
    @tohidulislam7845 5 หลายเดือนก่อน

    wow nice video I appreciate.

  • @reaktorleak89
    @reaktorleak89 5 หลายเดือนก่อน

    If construction cost is up 40% then inflation is definitely not “3%” per the government.

  • @santerijyvas7308
    @santerijyvas7308 5 หลายเดือนก่อน

    Reason number 4: they’re super affordable even in todays economy

  • @johna.968
    @johna.968 5 หลายเดือนก่อน

    Of course yiu are a realtor, yiu wanna sell houses, but nowdays its wridiculous buying a house, if that is yiu can buy one even with a good job.

  • @huongpineda8335
    @huongpineda8335 6 หลายเดือนก่อน

    Yes, I love this type of content! So more pls. Also, may I have Ngu's email address. I couldn't find it in the description. Thank you!

  • @robertwilliam9558
    @robertwilliam9558 7 หลายเดือนก่อน

    Heather, great information for rental property owners.

  • @dangeroreilly2028
    @dangeroreilly2028 7 หลายเดือนก่อน

    In Ohio, a new buyer has to honor lease terms already in place, although new buyer could negotiate with a tenant to get them to vacate. Short of that negotiation, a LL would have to wait and then choose not to renew, but couldn't make tenant leave early, assuming tenant was meeting obligations. In a m2m, the LL has to give a written 30 day notice in advance of the next rental period. For example, if LL gives 30 day notice on June 10, tenant would have until end of July. Unless of course, contract in place specifies a different notification period.

  • @LifeIsGoodThankYouGod
    @LifeIsGoodThankYouGod 7 หลายเดือนก่อน

    climate change is Bull shit for stupid people who want to be God by try to control the weather. wild fire is because we stupid california keep voting to all the democrat to office to ruin our lives.

  • @jawaus65
    @jawaus65 7 หลายเดือนก่อน

    its tactic by insurance companies to force CA to abandon prop 103 regulation....There not losing $$$, its just there not making enough profit.....so jump in when times are good and jump out when times are bad... without any penalties.... There should be law that if companies do that then they will be barred from selling any insurance in CA. in future......so next time they won't be so fast to leave loyal customers out in the cold.

  • @christinecamley
    @christinecamley 7 หลายเดือนก่อน

    Terrific video!!

    • @livinginpaloaltocalifornia
      @livinginpaloaltocalifornia 7 หลายเดือนก่อน

      Thank you for your feedback. What topics or content would you recommend that I consider?

  • @michaellefevers4248
    @michaellefevers4248 7 หลายเดือนก่อน

    Wildfires aren't the problem. Poor PG&E maintenance, spawned by infinite regulations, together with even more legislation to keep from being able to do prescribed burns, turns the state into a problem for insurance companies.

  • @quartytypo
    @quartytypo 7 หลายเดือนก่อน

    California is going to have all electric vehicles. Insurance companies don't want to insure them. So why should they hang around in California? Like everything else, the state will have to insure EVs.

  • @kelvinpell4571
    @kelvinpell4571 7 หลายเดือนก่อน

    Is it because CA is governed by lunatics?

  • @williamkingjr533
    @williamkingjr533 7 หลายเดือนก่อน

    It’s simple, if Insurance Companies do not make enough profit they leave.

  • @jordanbutterfield1180
    @jordanbutterfield1180 7 หลายเดือนก่อน

    Prop 103 is yet another demonstration of top down economic control that causes much higher consumer expenses and onerous business expenses that add to the high unlivablity factor in the country’s socialist utopia.

  • @loridisney3782
    @loridisney3782 7 หลายเดือนก่อน

    Not park place apartments because I have a horrible experience and I hope nobody goes through that they have mold and other etc. you can read about them on yelp❤🙏🏼

  • @robertwilliam9558
    @robertwilliam9558 8 หลายเดือนก่อน

    This was very informative. Excellent data.

  • @Johathan-k7t
    @Johathan-k7t 8 หลายเดือนก่อน

    HOA fees is just throwing $$$ down the toilet.

  • @robertwilliam9558
    @robertwilliam9558 9 หลายเดือนก่อน

    Property #3 sold in Dec 2023 for $780,000.

  • @pretty95138
    @pretty95138 9 หลายเดือนก่อน

    beautiful transformation. Can you tell which gray for interior and which white for cabinets did you use?

    • @livinginpaloaltocalifornia
      @livinginpaloaltocalifornia 8 หลายเดือนก่อน

      From Kelly Moore Paint - Hush Grey for the light grey wall color) and Swiss Coffee (for the off-white trims/doors/ceiling color).

    • @pretty95138
      @pretty95138 8 หลายเดือนก่อน

      Thanks @@livinginpaloaltocalifornia

  • @MrRedwoods2
    @MrRedwoods2 9 หลายเดือนก่อน

    From Minnesota to San Mateo at 6yrs old, Im now 64. Always lived on east side of Norfolk st, went to Parkside, Bayside middle, and Hillsdale High, class of 78. I could not even think straight living down there, the price of real estate, hell no, traffic trying to get to a Giants game, no thank you, the people....Yikes man...but excellent place to grow up back in the day, but no fun to visit, has changed so much, why am I here, missing me some San Mateo. Peace, Love ...Joe Pye here!!

  • @enochchoi1
    @enochchoi1 9 หลายเดือนก่อน

    As the owner, I can confirm this is true! Thanks Heather for the investment of a lifetime!

  • @robertwilliam9558
    @robertwilliam9558 11 หลายเดือนก่อน

    Can you make a video of all the expenses from the $16,000 gross rental income?

    • @livinginpaloaltocalifornia
      @livinginpaloaltocalifornia 11 หลายเดือนก่อน

      Thanks for your feedback, yes will work on a video about rental expenses.

  • @robertwilliam9558
    @robertwilliam9558 11 หลายเดือนก่อน

    This was very informative. Thank You

  • @micamcon
    @micamcon 11 หลายเดือนก่อน

    Hi, I stumbled across your video and found it to be useful. I'm looking for an investment property in the SF peninsula and most places I've found with extra units or rooms (in-laws) were built without permits. I'm skeptical on buying those properties because I don't want to attract any lawsuits if something happens. What are your thoughts on that? Thank you in advance! 😊

    • @livinginpaloaltocalifornia
      @livinginpaloaltocalifornia 11 หลายเดือนก่อน

      Hi, thank you for watching! Feel free to give me a call at 415-317-2188, every property is different. Its hard to speak generally about properties.

  • @bigstick8699
    @bigstick8699 11 หลายเดือนก่อน

    Rip off price

  • @danpan001
    @danpan001 11 หลายเดือนก่อน

    Don't know about San Jose here in L.A. there are many restrictions on short-term rental. For example owner lives on the property etc

    • @livinginpaloaltocalifornia
      @livinginpaloaltocalifornia 11 หลายเดือนก่อน

      Yes you definently need to check in with the city before you purchase to understand what are rules around short term rentals. Thanks for commenting!

  • @EnochChoi
    @EnochChoi ปีที่แล้ว

    Love each city for : So S F: proximity to biotech&SF Daly City: Filipino food Pacifica: pier fishing & hiking San Mateo: Asian food downtown East Palo Alto: hole in the wall Mexican food & proximity to FB

  • @BEACHDUDE71
    @BEACHDUDE71 ปีที่แล้ว

    People from California should move to Texas and Florida

    • @livinginpaloaltocalifornia
      @livinginpaloaltocalifornia ปีที่แล้ว

      Texas and Florida are also great places to live as well:) Thanks for watching.

  • @CodingWithDarron
    @CodingWithDarron ปีที่แล้ว

    I am born and raised in Palo Alto. I would love to go back home but it is so expensive. Im stuck in UT 😥

  • @livinginpaloaltocalifornia
    @livinginpaloaltocalifornia ปีที่แล้ว

    Want more tips on how to buy a home in the San Francisco Peninsula and Silicon Valley? Download my free guide here: www.heatherlinhomes.com/buyers/buyers-guide

  • @Joe-rx7ht
    @Joe-rx7ht ปีที่แล้ว

    As someone who lives here and has traveled around the world on multiple combat deployments, the Bay Area resembles a 3rd world country. I can’t wait to leave this overpriced, over crowded, criminal run and disgusting hell hole.

  • @livinginpaloaltocalifornia
    @livinginpaloaltocalifornia ปีที่แล้ว

    Please download my FREE home sellers guide to learn how to sell your home for top dollar!! www.heatherlinhomes.com/sellers/sellers-guide-lp1

  • @jamestaylor954
    @jamestaylor954 ปีที่แล้ว

    Expensive old funny made homes in Bay Area idk why anyone want to live there! SMH!

  • @livinginpaloaltocalifornia
    @livinginpaloaltocalifornia ปีที่แล้ว

    Please download my FREE home sellers guide to learn how to sell your home for top dollar!! www.heatherlinhomes.com/sellers/sellers-guide-lp1

  • @smyazdani
    @smyazdani ปีที่แล้ว

    Hi Lin, thank you for the video. How much will a similar house cost in Palo Alto?