Thousand Oaks, Westlake Village and Simi Valley real estate and homes for sale in California, luxury estates, town homes - Adela Anderson & Associates, REALTORS® Adela Anderson & Associates REALTORS(r) for Thousand Oaks, Westlake Village and Simi Valley, California real estate, luxury estates, town homes - NUMBER1EXPERTS™ Adela Anderson & Associates NUMBER1EXPERTS(tm) for Thousand Oaks, Westlake Village and Simi Valley, California real estate, luxury estates, town homes
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Adela Anderson & Associates, REALTOR®, real estate agents and broker for Thousand Oaks, Westlake Village and Simi Valley California home listings, property and land for sale - NUMBER1EXPERT(tm)
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About Adela Anderson & Associates?: Thousand Oaks, Westlake Village and Simi Valley California home buying, real estate listings, and homes for sale in Ventura and Los Angeles County, CA
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Meet Adela Anderson & Associates 

When you choose Adela Anderson to guide you through the process of purchasing or selling a home, you are selecting one of the most knowledgeable, empathetic, and well established real estate professionals in the business.  

Adela has been serving the areas of Thousand Oaks, Westlake Village, Agoura, Oak Park, Simi Valley, and Moorpark since 1989. You can be assured with the experienced and committed Team of Adela Anderson that you have access to a world of products and services for meeting your needs every step of the way. Our job is Guaranteed. Call or E-mail Today! 

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Real Estate Tips
Tax Considerations >New 1031 Exchange Rules

One of the most popular "tax deferring" strategies for real estate owners who are selling one property and acquiring another is the use of Section 1031 of the Internal Revenue Code. It is an effective way to defer paying income tax on capital gain generated by the sale of a property when you intend to reinvest the proceeds in a similar, "like-kind" property. Almost any kind of real property is considered "like-kind" with any other real property.

A recently enacted law closes what was considered a loophole in the Section 1031 rules. In some cases, owners of investment real estate have used the 1031 Exchange to swap their investment property for real estate that could be readily converted to an owner-occupied residential property. After the exchange, they made the property into their principal residence, lived in it for a couple of years, then sold it. Now the American Job Creation Act of 2004 has ruled that properties converted from a 1031 exchange property into a residence must be held and used as a principal residence for at least five years to qualify for the tax exemption. Otherwise, the basic tax-deferring benefits of 1031 exchanges remain the same.

Consult your tax advisor for more detailed information.

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Real Estate Trivia
Q 
What is arguably the world's strangest (and most dysfunctional) kitchen?

A 
In 1998 the Kemper Museum of Contemporary Art in Kansas City first displayed a kitchen made entirely of 40 million colored glass beads by artist Liza Lou of Topanga, California.
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Adela Anderson & Associates, REALTOR®, real estate agents and broker for Thousand Oaks, Westlake Village and Simi Valley California home listings, property and land for sale - NUMBER1EXPERT(tm)

Adela Anderson
RE/MAX Olson & Associates

30699 Russell Ranch Road, #100
Westlake Village, CA 91362
DRE 01032417
Phone: 805-267-4946
Phone: 818-338-9240
Fax: 818-879-2269
Email: adela@realtor.com

RE/MAX Olson and Associates is licensed in the state of California.

When you choose Adela Anderson to guide you through the process of purchasing or selling a home, you are selecting one of the most knowledgeable, empathetic, and well established real estate professionals in the business.

Adela has been serving the areas of Conejo Valley, Simi Valley, and Moorpark since 1989. You can be assured with the experienced and committed Team of Adela Anderson that you have access to a world of products and services for meeting your needs every step of the way. Our job is Guaranteed. Call or E-mail Today!

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RE/MAX Olson and Associates real estate and homes for sale in Thousand Oaks, Westlake Village and Simi Valley California

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