Jason Crowley, CFA, CFP, CDFA

👀 Passive Income For Overtaxed Business Owners: California Municipal Bonds 🏖 How about a 6.40% yield* for a AA-rated local school district? Is that something you may be interested in? How many can I put you down for?? 📝 There is a CA municipal bond new issue in the market today for Fresno Unified School District with a 2049 maturity that has a 4.16% yield to maturity, which is a 6.40% taxable equivalent yield*. (*Assumes a 35% tax rate) *Taxable Equivalent Yield=what you would have to earn on a corporate bond or other taxable fixed income product in order to match the tax-free yield on a municipal bond, at a certain tax rate (we assume 35% tax rate for simplicity). Looking for more diversification within CA munis? iShares California Muni Bond ETF (ticker CMF) could be your ticket. 🎟 Some advantages of CMF include: 1) 3.17% yield, 4.88% taxable equivalent yield (assuming 35% tax rate) 2) 3.32% annualized return since 2007 3) 0.08% expense ratio (very low) 4) High quality with 94% AA or AAA rated. 5) 0.25 correlation to the S&P 500 (IE, a great diversifier to your equity holdings) 6) Low default rate: From 1970 to 2021, investment-grade munis had a 0.09% cumulative default rate within 10 years of issuance, while investment-grade corporate bonds had a 2.17% default rate. Interested in learning more about investing and saving money on taxes? Subscribe to my newsletter at the top of this post.

7

2 Comments

🏡 Navigating California Prop 13: Strategic Real Estate Tax Planning How does California's Proposition 13 impact real estate taxes for property owners? 🌴 🏡 Prop 13, passed in 1978, caps the annual increase in property tax at a maximum of 2% per year, based on the property's purchase price, not current market value 📈 🏡 This legislation provides significant tax relief and predictability for property owners, particularly in a state with rapidly appreciating property values 🏠 Why is understanding Prop 13 essential for real estate owners and investors? 🌟 🏡 It influences long-term financial planning and investment strategies by providing stable and predictable property tax expenses 📊 🏡 Knowledge of Prop 13 is crucial when acquiring or inheriting property, as reassessment rules can impact tax liabilities significantly 💰 How can Attorneys Real Estate Group assist with Prop 13 considerations? 🌆 🏡 We offer expert advice on how Prop 13 affects your property tax liabilities and real estate planning 🏗️ 🏡 Our FREE consultation provides insights into leveraging this proposition for optimal tax efficiency and investment planning 📞 🏡 We’re dedicated to helping you navigate California’s unique real estate tax landscape, ensuring you make informed decisions 👍🌟 Want to fully understand and benefit from Prop 13 in your real estate ventures? Let’s demystify it together. Visit AttorneysRe.com to book your free consultation and optimize your tax strategy. 🌐📲 #Proposition13 #RealEstateTaxes #CaliforniaLaw #TaxPlanning #LawFirm

2

New California regulation that's headed to the governor's desk in California is going to have big impacts on rent reporting starting in 2025. There are also some serious misconceptions of what it entails, and some second-order implications. If you go back a few years to 2021, California passed SB-1157, a bill that required all landlords >15 units to offer rent reporting IF (and it's a big if) they receive housing subsidies (local, federal). The credit bureaus, excitedly, braced for the deluge of rental data. It never came. In our experience at Boom, we heard of many operators just checking the box with a flier posted in the community office or other very minimal approaches. Moreover, many affordable housing operators in CA are for seniors who don't see much impact. They don't care. Uptake was low. Now, enter AB-2747. This bill has passed both legislatures and is headed to the governor. This new bill has two important things to know that build upon SB-1157: (1) Instead of just affordable housing landlords, ALL landlords with >15 units would be required to offer rent reporting (2) Landlords would not have to offer paper enrollment (which was a crazy requirement of SB-1157 that was easily circumvented - for example, offering a surcharge for paper/check processing that made it null anyway) If this bill is signed...and it looks likely...it would go into effect January 1, 2025. In another post, I'll talk about some of the misconceptions of the bill and the second-order implications that people probably aren't thinking about. Are you a CA real estate owner/operator with >15 units? Shoot me or Carl Osbourne a message and we can talk through what to know and see if Boom can help get you ready. Link to the bill is in the comments.

38

1 Comment

Looking to diversify your portfolio through real estate backed bridge loans? Yieldi offers first position liens on a multitude of real estate backed assets of your choosing. DM me if you are interested in learning more!!

2

Ready to better plan for your retirement? Download our "How To Create Your Retirement Paycheck Guide" today! This simple guide will help you understand your potential income sources and prepare you for this exciting new phase of life. Get your free guide now: https://lnkd.in/gt4rqJ3U #RetirementPlanning #FinancialConfidence #DownloadNow #RetirementGuide

2

The IRS, in partnership with FEMA, has announced critical tax relief for individuals and businesses in Southern California affected by the recent wildfires. Key provisions include extended filing and payment deadlines through October 15, 2025, penalty waivers for early 2025 deposits, and options to claim disaster-related losses. Relief is automatic for most, with additional support available for those impacted. These measures provide much-needed flexibility during recovery. Get the full breakdown in our latest whitepaper: https://lnkd.in/gFmSCEwN #NewEdgeWealth

2

💼 Smart Management: Reducing Filing Fees for Multiple Properties in California LLCs Why is managing filing fees important for California LLCs with multiple properties? 🏘️ 💼 In California, LLCs face annual franchise taxes and filing fees, which can accumulate significantly when holding multiple properties 📈 💼 Effective structuring and strategic planning can help in minimizing these costs while maintaining legal compliance and asset protection 📊 What strategies can help reduce filing fees for LLCs? 🌟 💼 Consolidating properties under fewer LLCs, while balancing risk and compliance, can reduce the number of filings and associated fees 🔄 💼 Utilizing holding companies or trust structures as alternatives can also offer more cost-effective management of multiple properties 💡 How can Attorneys Real Estate Group assist in this financial strategy? 🌆 💼 We offer expertise in real estate investment structuring, providing tailored advice on optimizing LLC setups for cost and efficiency 🏦 💼 Our FREE consultation allows property owners to explore the best structures for their portfolios, considering both legal and financial aspects 📞 💼 We’re dedicated to helping real estate investors navigate the complexities of California’s tax and legal landscape, maximizing their investment returns 👍🌟 Looking to optimize your real estate investments in California? We can guide you through smart structuring to minimize fees. Visit AttorneysRe.com to book your free consultation and streamline your investment strategy. 🌐📲 #CaliforniaLLCs #RealEstateInvestment #FilingFees #LegalStrategy #LawFirm

2

Los Gatos Market Update📈 Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.🏡 Click this Link to see Full Report 👉 https://loom.ly/KWpujkg The BV Team www.thebvteam.com Ben Barbic [email protected] (408) 202-3219 Peter Vaughan [email protected] (650) 576-0850 #CupertinoSold #RealEstateSuccess #NewHomeowners #PropertySale #CupertinoRealEstate #MarketReport #IndustryInsights #MarketAnalysis #BusinessTrends #EconomicUpdate #MarketTrends #IndustryAnalysis #MarketResearch #BusinessData #MarketInsights

2

I met with a bunch of enterprising young men and women (early to mid 20's mainly) a few weeks back at a Southern California networking event for brokers, title, escrow, lending, amongst other real estate focused service areas. Several interesting things:        - Met multiple folks who didn’t really get the post pandemic bump in real estate activity but still wearing the current slowdown - Only a few asset types for this group that are moving with "relative" ease: o  Suburban grocery anchored retail o  Some subsegments in the credit tenant lease space – right tenant and right duration (REITS only want short stuff right now) What’s not in that list – multi family. Numerous popular areas of recent investment around the country are having outright rent declines along with financing moving higher makes for a bid-ask gap of huge proportions (obviously this is a generalization). The graph below from realpage.com shows that volumes right now in multi-family are basically the same as when the zombie apocalypse period was happening Q2 2020. This data is very indicative of the commentary....

2

Planning your legacy and estate can be complex, but it’s essential to get it right. I can help by reviewing your existing plan to find any gaps and opportunities for improvement. Whether you want to maximize what you leave to loved ones, control how it's distributed, or minimize taxes, we are here to assist you. Start planning your legacy today—schedule a retirement review today: https://lnkd.in/gexcjxYp #LegacyPlanning #EstatePlanning #FinancialAdvice #PlanYourLegacy

2

Why is California in a housing crisis? City Councilman Mikey Taylor shared how city/state regulations can have such a big impact on housing supply in the newest episode of THE FINANCIAL COMMUTE. We also discussed the difficulties of real estate development in California and how it can create less competition and more opportunities for property value growth, Commune Capital's investment strategy, and economic dynamics of the California real estate market. 👀 👂 Watch the full episode here: https://lnkd.in/gU6AC2r9 #realestate #californiarealestate #realestateinvestor Disclosure: Information presented herein is for discussion and illustrative purposes only. The views and opinions expressed by the speakers are as of the date of the recording and are subject to change and do not necessarily represent the views and opinions of Morton Wealth. These views are not intended as a recommendation to buy or sell any securities, and should not be relied on as financial, tax or legal advice. You should consult with your financial, legal, and tax professionals before implementing any transactions and/or strategies concerning your finances.

17

1 Comment

Planning your legacy and estate can be complex, but it's crucial to have everything in order. At Periscope, we can help by analyzing your existing plan to identify gaps and opportunities for improvement. Whether you want to maximize what you leave to loved ones, control how it's distributed, or minimize taxes, our team is here to help. Start planning your legacy today—schedule a retirement review with us: https://lnkd.in/gexcjxYp #LegacyPlanning #EstatePlanning #FinancialAdvice #PlanYourLegacy

3