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LOVE IT OR HATE IT, TAX REFORM IS NOW LAW.

Love taxes? Didn’t think so, but it is best to be in the know with the new tax reforms of 2018 that will effect your real estate property. Mortgage interest deduction: As of January 1, 2018, the new cap for mortgage interest deductions is $750,000, down from $1 million. The mortgage interest deduction for existing mortgages of up to $1 million secured before Dec. 15, 2017 will not be affected. Homeowners may also refinance mortgage debts existing as of Dec. 14, 2017 up to $ 1 million...

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The Playboy Mansion Won’t Be Demolished After All

 New owner Daren Metropoulos and Los Angeles city council member Paul Koretz signed a protection covenant agreeing not to demolish the house The Playboy Mansion will live on despite the death of its famous owner, Hugh Hefner, according to an agreement recently signed between new owner Metropoulos and the city of Los Angeles. The agreement, referred to as a permanent protection covenant, states that Metropoulos will agree not to demolish the 14,000-square-foot main residence where Hefner threw raucous parties and hosted a bevy of live-in beauties. The covenant...

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Inside One57, Where New York’s Most Expensive Penthouse Just Sold For A Record-Breaking $100 Million

  New York real estate is soaring, and there's no better proof than One57.  It is official, Dell Technologies founder and CEO Michael Dell was the buyer behind the $100.47 million purchase of a penthouse on Manhattan’s Billionaire’s Row, according to two people familiar with the deal. The transaction holds the record for the most expensive home ever sold in New York City and the first to surpass $100 million.  Located on the 89th and 90th floors, the penthouse has 11,000 square feet, six bedrooms, a steam room,...

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TOUR INSIDE JENNIFER ANISTON DREAMY CALIFORNIA HOME

High above Los Angeles, Jennifer Aniston crafts a scene of pure domestic bliss with husband Justin Theroux, a spectacular midcentury house, and a trio of very happy dogs.There’s a seriously imposing desk in Jennifer Aniston’s home office that looks as if it might have been plucked from the executive suite of some international conglomerate. It positively radiates authority. “I feel extremely powerful when I sit at that desk—so powerful, in fact, that I’m almost never there,” the effervescent actress jokes. Instead, Aniston prefers to work at...