Month: April 2024
Advanced 1031 Planning for Californians (Ep. 8)

Advanced 1031 Planning for Californians (Ep. 8)

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What if you could turn California’s real estate challenges into profitable opportunities?

Explore the lucrative world of California real estate with the California Wealth Warriors podcast! This episode, hosted by Ray Olmo, features Javier Vande Steeg, the accomplished CEO of Asset Preservation Inc. Together they explore the dynamic strategies and hidden opportunities within 1031 exchanges, a key element in California’s unique real estate market.

Key Highlights:

  • Ray’s Californian Legacy: Discover how Ray’s heritage, rooted in the state’s wine history, shapes his real estate insights
  • Demystifying 1031 Exchanges: Understand the basics and timelines of 1031 exchanges, and the crucial role of intermediaries
  • Impact of State Laws: Uncover how Propositions 13 and 19 specifically affect California property management and taxes
  • Investor Strategies: Dive into the tailored approaches needed for different investor types in Californian real estate
  • Market Analysis and Trends: Gain expert insights into the current market, and how political and economic factors influence investment strategies
  • Optimizing Investments: Learn about innovative strategies like reverse exchanges and the use of DSTs for enhancing real estate portfolios
  • And much more!

 

Connect with Ray Olmo: 

Connect with Javier Vande Steeg: 

 

About Javier Vande Steeg: 

Javier G. Vande Steeg, President and co-founder of Asset Preservation, Inc. has been involved in the §1031 exchange industry for over twenty years. Javier focused on creating a company that is an industry leader in securing its client’s funds and property. This was accomplished in 1993 through the majority acquisition of the Company by Stewart Title Company of Houston, Texas. Asset Preservation is one of the most respected national “Qualified Intermediaries” in the United States and has successfully completed over 140,000 §1031 exchanges throughout the nation. 

Currently, Javier spends a great deal of his time speaking to attorneys, CPA’s and real estate professionals across the country. His annual speaking engagements include The Ohio 

State Bar Association, NBAA (National Business Aircraft Association) Tax Committee, 

ALTA (American Land & Title Association), GMAC Real Estate, state organizations for the 

Society of CPA’s and local Bar Associations to name a few. His courses are always practical, real-life and hands-on. 

In addition to speaking, Javier stays at the cutting edge of the ever changing §1031 industry by monitoring tax court cases, letter rulings, gray area development and keeping in contact with the IRS and lawmakers for any potential regulatory changes. 

Javier received his Bachelor of Science in Business Administration, Finance from California 

State University at Sacramento.

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Advanced Estate Planning for Californians (Ep. 7)

Advanced Estate Planning for Californians (Ep. 7)

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Is your estate plan California-proof?

Join Ray Olmo and James Cunningham of Cunningham Legal on California Wealth Warriors as they dive into the intricacies of California estate planning, equipping you with the knowledge you need to protect your assets and legacy! 

Together they dive into critical topics like property taxes and the impact of Propositions 13 and 19, making this episode a vital resource for successfully maneuvering through California’s complex financial and legal landscape.

Key Highlights:

  • California’s Estate Planning Landscape: Insights into the state’s unique challenges, including high property values and the ‘Mansion Tax’
  • Property and Estate Tax Nuances: An exploration of California’s evolving property tax laws, like Propositions 13 and 19, and their impact on wealth management
  • Estate Planning for Business Owners: Diving into the specific challenges faced by California’s entrepreneurs, including business valuation and contingency planning
  • Educational Insights: Discover why professional guidance is essential in navigating California’s complex estate planning scene
  • Preparing for the Unexpected: Strategies for dealing with unforeseen events, emphasizing the importance of business continuity and estate management
  • Trustee Responsibilities in California: A focus on the crucial role and risks of trusteeship in the state, highlighting the need for expert legal advice
  • And much more!

 

Connect with Ray Olmo: 

Connect with James Cunningham: 

 

About James Cunningham:

Jim Cunningham, Partner, Certified Specialist – Estate, Trust, and Probate Law at CunninghamLegal, is a second-generation California attorney in his third decade of practice. Jim and the firm he founded have helped thousands of families and individuals plan their estates—and preserve their legacies. Certified by the State Bar of California’s Board of Specialization as a Specialist in Estate Planning, Trust, and Probate Law, Jim holds a Bachelor of Arts in History from the University of California at Santa Cruz (Honors in the Major) and a Juris Doctor from Whittier College of Law.

Jim is also a real estate investor, California real estate broker, and recognized expert on California property taxation.

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