Get Your Finances in Order: To-Do List

1. Develop a household budget. Instead of creating a budget of what you d like to spend, use receipts to create a budget that reflects your actual spending habits over the last several months. This approach will factor in unexpected expenses, such as car repairs, as well as predictable costs …

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California 1031 Exchange Audits

If you are attempting a 1031 exchange you need to keep your tax records squeaky clean because one of the top audit issues continues to be like kind exchanges, also known as 1031 exchanges. Under IRC Section 1031 and conforming California laws, if certain conditions are met, taxpayers may defer …

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Low Income Purchase Assistance (LIPA) Program

The City of Los Angeles Housing Department’s (LAHD), Low Income Purchase Assistance (LIPA) Program offers purchase assistance financing to eligible first-time, low income homebuyers seeking to purchase eligible homes in the City of Los Angeles.  LAHD provides assistance in the form of a deferred loan for purchase assistance (down payment …

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Compton First Time Home Buyer Program

With most cities starting their fiscal year on July 1, Compton will again have funds available for their First Time Homebuyer Program. It’s not a small handful of buyers, last fiscal year they had funds left over for moderate income buyers. The Community Redevelopment Agency of Compton has a First …

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