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Backyard Horticulture class and it’s FREE

FREE Backyard Horticulture Class (Saturday, June 28th)
Posted by Foothill Municipal Water District , June 05, 2014 at 11:47 AM
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Vegetables Growing in Enlarged Bed
Foothill Municipal Water District, in conjunction with its Altadena retail agencies, is proud to offer a free backyard horticulture class titled “Backyard Horticulture Especially in the Wildlife Urban Interface.”

The class will be presented by Ellen Mackey, a Staff Ecologist with the Metropolitan Water District and the Council for Watershed Health. Ellen has converted her own backyard into an urban farm / orchard that provides her family with fresh, organic food and conserves water. She integrates native landscaping with organic farming because, “if it doesn’t produce food or support wildlife it doesn’t get watered.” All budding urban farmers and horticulturists are encouraged to come!

Event details are provided below:

Saturday, June 28th

9 am to 12:00 pm

Loma Alta Park

3330 Lincoln Ave.

Altadena, CA 91001

DON’T WAIT, CALL OR EMAIL TODAY! SPACE IS LIMITED!

For more information:

Call: (818) 790-4036

Fax: (818) 790-9418

Email: koblak@fmwd.com

Foothill Municipal Water District provides imported water to Crescenta Valley Water District, La Cañada Irrigation District, Mesa Crest Water Company, Valley Water Company, Lincoln Avenue Water Company, Las Flores Water Company and Rubio Cañon Land and Water Association. Kinneloa Irrigation District, another retail agency, takes no water from Foothill.

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Check out our latest project- San Diego

3347 Yucca Terrace-2Our Latest Project 3347 Yucca Terrace

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Look at our latest project hits the market tomorrow!

Tour Link-

http://www.thepixelplayer.com/unbranded/3347YuccaTerrace/

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Pros and Cons Buying vs, Renting

houses backRent Advantages

May be cheaper than a mortgage payment
Fewer (if any) maintenance costs
No down payment required (less deposit)
No real estate taxes (renters insurance optional)
Less stress (who cares, it’s not yours!)
Freedom to move or downsize when necessary
No risk of home price depreciation
Some utility bills may be included
“Free” amenities such as pool, gym, security
Money can be used for other, more profitable investments
Can’t be foreclosed on
Rent Disadvantages

Rental payment may exceed monthly cost of mortgage
No ownership or wealth creation
Payments never stop when renting
Rent will rise over time
Must deal with a landlord or management company
No tax benefits Rules, regulations, and limitations
More temporary, less stability
Always at the mercy of the property owner Pets may not be allowed

Ownership Advantages

You can build home equity and wealth
Status- Status-Status
Sizable tax deductions possible
Your space, your rules (pets welcome)
Ability to remodel, expand, tear down
Pride of ownership (social status, accomplishment)
Potentially better for children, family structure
Mortgage can improve your credit history/score
Ability to borrow against your home (HELOC or cash-out)
No more monthly payments once mortgage paid off
Fixed payments (if you choose a fixed mortgage)
Mortgages are the cheapest loans available
No landlord
Can exclude capital gains when you sell (partially)
Inflation hedge
Can rent out to others
Can sell and use proceeds for bigger/better home
Retirement nest egg
It’s the American Dream!

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IRS and CA Franchise Tax Board explain Mortgage Debt

 

IRS_logoIRS and California Franchise Tax Board declare California distressed home sellers not liable for federal or state income tax on short sales

LOS ANGELES (Dec. 4) – The CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) announced today it received a letter from the California Franchise Tax Board (FTB), obtained by Board of Equalization (BOE) member George Runner, clarifying that California families who have lost their home in a short sale are not subject to state income tax liability on debt forgiveness “phantom income” they never received in a short sale.

Last month, in a letter to California Sen. Barbara Boxer, the Internal Revenue Service (IRS) recognized that the debt written off in a short sale does not constitute recourse debt under California law, and thus does not create so-called “cancellation of debt” income to the underwater home seller for federal income tax purposes. Following the IRS’s clarification, C.A.R. sought a similar ruling by the California FTB. Now with the FTB’s clarification, underwater home sellers also are assured that they are not subject to state income tax liability, rescuing tens of thousands of distressed home sellers from California tax liability for debt written off by lenders in short sales.

“We are pleased with the recent clarifications issued by the IRS and the California Franchise Tax Board, which protect distressed homeowners from debt relief income tax associated with a short sale in California,” said C.A.R. President Kevin Brown. “We would like to thank Sen. Boxer and BOE member Runner for their leadership in obtaining this guidance from the IRS and FTB. Distressed California homeowners can now avoid foreclosure or bankruptcy and can opt for a short sale instead, without incurring federal and state tax liability, even after the Mortgage Forgiveness Debt Relief Act of 2007 expires at the end of this year.”

Leading the way…® in California real estate for more than 100 years, the CALIFORNIA ASSOCIATION OF REALTORS® (www.car.org) is one of the largest state trade organizations in the United States with 165,000 members dedicated to the advancement of professionalism in real estate. C.A.R. is headquartered in Los Angeles.

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Santa Photos

 

Lynnell Woodward

Invites you to join in on some 2013 Holiday Cheer

 

Dilbeck Realtors

2943 Foothill Boulevard, La Crescenta

 

Wednesday, November 20th       

5:00pm to 7:30pm

 

Bring your Family! Don’t miss your picture with

Santa Compliments of Dilbeck Realtors

 

Please e-mail your R.S.V.P. with preferred time slot and

we will be sure you are put on Santa’s V.I.P. picture list!

 

 

Happy Holidays,

 

Lynnell Woodward

 

 

Lynnell4re@gmail.com

www.lynnellsells.com

 

———————————————————-

A Special Note from Mrs. Claus:

Santa is coming to Dilbeck Realtors to pick up toys for the

Firm’s Annual Share the Spirit Toy Drive benefiting Five

Acres, Hathaway-Sycamores and Hillsides. All of these

organizations are home to hundreds of neglected and

abused children. Please help by dropping off a new, unwrapped

toy on this evening AND Thank you for making a difference!!

 

 

BRE# 1161937

 

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