JF3287: Keith Fromm - Unraveling the ULA Tax: How One Attorney is Challenging Unfair Real Estate Taxation
The Best Ever CRE Show
Best Ever CRE
4.8 • 983 Ratings
🗓️ 4 September 2023
⏱️ 29 minutes
🧾️ Download transcript
Summary
Are your real estate investments in jeopardy due to a hidden tax? Join us as we dive into the world of real estate taxation with Keith Fromm, a seasoned attorney, litigator, and real estate developer with over 40 years of experience. Based in Los Angeles, Keith exposes the shocking reality of the ULA tax, a controversial property tax that's causing waves in the industry. From misleading labels to its wide-ranging impact, discover how Keith is taking the fight against this unfair tax to the courts and why it matters to your investments.
Key Takeaways:
- Understanding the ULA Tax: Keith breaks down the ULA tax, a seemingly deceptive policy sold to the public as a "mansion tax," but in reality, it applies to all types of real estate transactions over certain thresholds. Discover the implications of this tax, from its high rates to its retroactive nature, and how it's affecting the real estate market in Los Angeles.
- Constitutional Challenges and Legal Approach: Keith sheds light on the various constitutional violations posed by the tax, from equal protection to freedom of speech, and explains how these challenges are being pursued through litigation. Learn how his efforts are not only focused on overturning the tax but also on creating a precedent that protects property rights.
- Real Estate Development Insights: Beyond the legal battle, Keith shares his journey as a real estate developer and the lessons he's learned from his experiences, from adapting to changing demographics to leveraging marketing strategies tailored to specific audiences.
Keith Fromm | Real Estate Background
- Real Estate Attorney and Litigator
- Based in: Los Angeles, CA
- Say hi to him at:
- Best Ever Book: Great Expectations by Charles Dickens
- Greatest Lesson: Don't give up, and keep fighting. It will not only benefit you in the end, but thousands of others as well.
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Transcript
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| 1:05.0 | Quick disclaimer, the views and opinions expressed in this podcast are provided for |
| 1:09.0 | informational purposes only and should not be construed as an offer to buy or sell any securities or to make or consider any investment or course of action. |
| 1:18.5 | For more information go to Best Ever Show.com. |
| 1:21.8 | There very well may be people that have had to pay the ULA tax, maybe they had to pay a million dollars in |
| 1:27.4 | ULA tax, a big property they sold, we could perhaps talk to them to try to get that money back. |
| 1:33.6 | Welcome to the best ever show, the world's longest running daily commercial real estate |
| 1:38.2 | podcast. |
| 1:39.2 | Our hosts interview commercial real estate experts every day to get you the best advice ever with none of the fluffy stuff. |
| 1:46.0 | Hello best ever listeners welcome to the best real estate investing advice ever show. |
| 1:52.0 | I'm Ash Patel and I'm what today's guest Keith from. |
| 1:54.8 | Keith is joining us from Los Angeles, California. He is an attorney, litigator, |
| 2:00.0 | real estate developer, and a licensed real estate broker. Keith has been a real estate developer and a licensed real estate broker. |
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