Address: 3130 Wilshire Blvd Suite 100, Santa Monica, CA 90403, USA
Phone: +13104229001
Sunday: Open 24 hours
Monday: Open 24 hours
Tuesday: Open 24 hours
Wednesday: Open 24 hours
Thursday: Open 24 hours
Friday: Open 24 hours
Saturday: Open 24 hours
Lisa D
Rinde is a fantastic agent. She is energetic, well-informed, responsive, positive and caring. She is a savvy deal-maker and works hard to keep all parties happy and satisfied, which is challenging, but she loves it. She makes the process expeditious, smooth and fair, so you can rest easy. You have an advocate in Rinde! Looking forward to working with her again and again.
gulseven yilmaz
I used Rinde's services to rent my home in Beverly Hills. She accentuated the home with virtual staging and a great presentation. She did a fabulous job of getting it noticed and rented. I would recommend her services to anyone looking to purchase, sell or lease a home in Beverly Hills or the Los Angeles area.
Abigail Beggs
Rinde is a wonderful real estate agent. She helped my husband and I though our first home purchase this year. I imagine that there are agents that work at a different speed and might say very little throughout the process in the way of negative coomments. Neither of us had any idea what to look for in a home, what questions to ask when we were there, or what was a red flag. Rinde is incredibly organized and was able to coordinate multiple showings in a logical order on short notice any day of the week. She didn't mind going back twice on days that we worked conflicting shifts, or that we tended to communicate in bursts after work. She told us when renovations to a home where we showed interest would be difficult, or easy, she herded us away from properties with poor resale value on moderately busy streets or too close to freeways. She connected us with all the right people for obtaining the loans, who in turn helped us figure out what a comfortable budget would be; and again with inspectors during the escrow process. We cannot have hoped for a more thorough and thoughtful agent.
Cedar Rose
If I could give Rinde 100 stars, I would. She helped me get top dollar when we sold our house. With her extensive knowledge, expertise, and creativity, the entire process went smoothly and efficiently. She is a true ally who goes above and beyond for her clients. I definitely plan to work with her in the future.
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A person who is to benefits from Trust is called a beneficiary. The Trustor, Trustee(s), and Beneficiaries do not have to be the same person per state law.
The Trustee is the person who oversees and controls the Trust's assets. The Trustee is similar to an administrator or executor in a probate sale, who holds legal title, not a full title, and may change over time.
Also known as Grantor, Trustmaker, Settlor or Trustor is the person or entity who creates a Trust. The Trustor remains the Trustor even post-death.
A trust is a legal agreement between a Trustor and a Trustee to benefit another person or entity, the Beneficiary. A trust is a legal entity in its own right. A trust can only handle assets within a trust. Moreover, Trust spells out instructions on how to manage the assets.
In a Trust sale, the Trustee acts on the Trustor's instructions to sell real property. The Trustee has the authority to seek the advice of and hire realtors, accountants, and attorneys. The assets and proceeds from a Trust sales are for the Beneficiary's protection rather than the Trustee's.
FHA loan limits in Los Angeles County in 2/21/2022 are as follows; Single Family Residence; $970,800 Duplex $1,243.050 Triplex: $1,502.475 Fourplex: $1,867.275
An FHA loan requires a minimum 3.5% down payment with a FICO score of 580 and higher. If your FICO score is below 580, you may put down 10% with a FICO score between 500 to 579. Talk to your lender about your options.
An independent third party recognized by the IRS as facilitators of 1031 exchanges, also known as accommodators.
The most common type of exchange is the Forward Delayed Exchange, in which one property is sold, and another property is purchased within 180 days. Other less common types include Simultaneous Exchange, in which two properties are swapped or exchanged simultaneously; Construction Exchange, also known as a Build-to-Suit Exchange, in which funds from the sale of a property are used to construct improvements on the replacement property; and a Reverse Exchange, in which the replacement property is purchased before the sale of the relinquished property.
It is owner-used; it is not a like-kind exchange, so that won’t qualify. Properties sold and purchased in a like-kind exchange must be held for investment or business use — neither can be your residence. A vacation home can qualify as an investment property as long as it's noted as an investment property on your income tax return. However, vacation homes that are classified as second homes are usually excluded.
180 days.
45 days.
The property you sell and buy must be held as an investment. You may swap a hotel for an apartment building, raw land for a farm, or a store for a single-family rental.
A 1031 exchange US tax code allows you to avoid paying capital gains taxes by exchanging like-kind property for another like-kind property within a specific time. 100 % of the proceeds must go toward the purchase to qualify. Any real property bought for investment purposes. It can not be owner-occupied properties.
-There’s a sense of urgency for buyers to beat rising mortgage rates. -Buying a home is a hedge against inflation. As a result, investors are also purchasing homes to avoid inflation. -Rent prices have grown exponentially over the last year and will continue to rise; buyers want to escape rising rents. -Home has a new meaning since the pandemic; Homebuyers prefer larger houses since they spend more time at home. -Home flippers and developers are gobbling up to inventory as well.
Although you cannot avoid paying capital gain tax when selling your home, there are some exemptions you may use. The homeownership duration is reduced from 2 years to one year when; -Death in the family -Multiple births from a pregnancy -Moving to a nursing home -Home sale due to divorce -A move due to a job transfer. -A doctor recommended the move Please consult your accountant.
$250,000 of the capital gains from the sale if you’re single and $500,000 if married. You must live on the property for at least two years.
Yes, home selling expenses are tax-deductible. -Capital gains tax for sellers; $250,000 of the capital gains from the sale if you’re single and $500,000 if married. -Mortgage interest; deducts the claim up to only $750,000 of mortgage depth. -Selling costs; legal fees, escrow fees, advertising costs, and real estate agent commissions. Staging, city, and country transfer fees. Home improvements and repairs; Roof, water heather, Remodels, Expansions, Landscaping. Fences, Air conditioning, HVAC installations, New windows, eco-friendly upgrades. Property taxes; This deduction is capped at $10,000.
Today's median down payment is much lower than what most people think. There’s a persistent misconception that you need a 20% down payment to purchase a residential residence. The median down payment for all home buyers is 13% and only 7% for first-time buyers. Talk to your lender about an FHA loan at 3.5% down, VA, 0%down with no PMI. NACA 0 % down. There are conventional loans as low as 3% down. This is the biggest myth that prevents people from buying a home.
SAVE FOR DOWN PAYMENT KNOW YOUR CREDIT SCORE FIND A REALTOR GET A PRE-APPROVAL FIND A HOME MAKE AN OFFER GET A HOME INSPECTION GET AN APPRAISAL CLOSE THE SALE AND ESCROW MOVE-IN
It has to be your primary residence. The building must meet FHA requirements; half the units in the building must be owner-occupied to qualify.
-Do you have errors and omissions insurance? -How long have you been a home inspector? -What association are you certified by? -Do you focus on residential inspections or commercial? -Can you provide a sample inspection report? -How long will the inspection take, and how much will it cost? -What should I repair first? -What would you do if you were buying this house? -How serious is the issue? Is there a potential of finding more during the repair? -What fire safety, health safety, water hazards exist here? -Are any of these issues normal wear and tear? -Will the trees on the property be a hazard down the road? -What will you be checking, and what will you not be checking? -What should I be most concerned about with this property? -Does the house need to be brought up to code? -Is the electrical system up to date, or is the upgrade needed? -Is the house structurally sound? -What is the condition of the roof and structure? -What about the drainage system?
An appraisal contingency is a provision in the contract to protect the consumers if the home's value comes in less than the sales price. It gives the buyer ability to cancel a purchase contract if the appraisal comes in below the sales price. Consider a situation where the listing price is $1 million, but a buyer offers $1.3 million due to multiple offers. If the appraisal comes in at $1 million, the lender will lend you based on the appraised value. Thus, you have to come up with an additional $300K for a down payment to purchase the house. Do not waive your appraisal contingency unless you have a substantial down payment. It can result in you losing your deposit.
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