FLAWS IN THE REAL ESTATE INDUSTRY

By Michael Repka, Esq. Recently, I attended the country’s preeminent real estate convention, Inman Connect in New York City, where I had the opportunity to watch presentations by a variety of different luminaries in the real estate industry.…

California Disallows

By Michael Repka, Esq., LL.M.— Taxation The United States Treasury Department has long accepted the proposition that taxpayers must only recognize gain on the sale of investment property upon receipt of the consideration paid, irrespective of…

Resolving Real Estate Disputes

By Michael Repka, Esq. After obtaining my first law degree back in 1999, I took and passed the New York and New Jersey bar exams. In both states, real estate agents help clients buy and sell real estate, but they do not delve into all of the legal,…

So Your Home Didn’t Appraise, Now What?

by Michael Repka, Esq. When a buyer submits an offer on a home, they need to decide which, if any, contingencies they will include in the proposed contract. Naturally, the more contingencies, the better for the buyer, but an offer with fewer contingencies…

Deductibility of State Taxes and Interest Under the New Tax Law

By Michael Repka, Esq. (LL.M. (Taxation) NYU School of Law '01) On December 22, 2017, President Trump signed into legislation public law 115-97, more commonly known as the Tax Cuts and Jobs Act of 2017 ("TCJA"). The majority of commentators feel,…

Time to Revisit Your Trust

by Michael Repka, Esq. Historically, there have always been three important reasons why affluent California residents should establish a family trust. First, probate costs in California are extremely high and, if properly executed, a trust can…

2018: Year in Review

By Michael Repka, Esq. By virtually any measure, 2018 has been a turbulent year for Silicon Valley real estate despite the general local economy doing very well. Overall, businesses have been thriving but there have been some hiccups along the…