Welcome to Coastal Closings , the Lucas Real Estate Podcast—where luxury real estate meets legal insight and tax strategy. Hosted by Devin R. Lucas, a REALTOR®, Real Estate Attorney, and Real Estate Broker, this podcast delivers timely updates and expert guidance on California real estate law, tax implications, trust and estate administration, inheritance sales, landlord-tenant issues, and more. With a sharp focus on Newport Beach, Costa Mesa, and the greater “Newport-Mesa” area of Coastal Orange County, we cover the nuanced issues facing homeowners, trustees, investors, landlords, and families navigating complex real estate decisions—often during life’s most pivotal transitions. Whether you’re selling an inherited home, navigating Prop 19, or managing confidential high-value transactions, Coastal Closings is your trusted resource for real estate done right—with clarity, confidence, and strategy.
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What is Coastal Closings: The Lucas Real Estate Podcast?
Coastal Closings: The Lucas Real Estate Podcast is a business podcast hosted by Devin Lucas, with 5 episodes on record and a Required Pod Score of 80. PitchCentric scores this show on Booking Probability, Listen Score, and live audience signals refreshed every 24 hours.
About the host
Devin Lucas hosts Coastal Closings: The Lucas Real Estate Podcast, a business show with 5 episodes published.
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Episode #5
Unlocking Real Estate Tax Strategies: A Guide to Capital Gains, Gifting, 121 exclusions, and Beyond
Jun 16, 20251 hourS1
<p>Join real estate attorney, broker, and REALTOR® Devin Lucas for a fast-paced, practical deep dive into today’s most important real estate tax strategies. Whether you are a seller or trustee, or work with trustees, investors, or families planning wealth transfers, this session delivers actionable insights from the legal and tax front lines. Join us for this comprehensive presentation. As one attendee put it, "I feel like I just got hit with a firehose."</p><p>Topics Covered:<br/>• Gifts of real estate and gifts of equity<br/>• Selling to children below market value<br/>• Capital Gains<br/>• IRS Section 121...
Understanding Capital Gains Taxes in Real Estate & IRS Section 121 Exclusion
Apr 2, 202533 minS1
<p>Questions about Capital Gains in real estate, calculations, rates, and potential exclusions? Selling your home? Learn how you could qualify for a $250,000 or $500,000 tax exclusion on capital gains under IRS Section 121—but only if you meet the two-part test! ✅<br/><br/>In this episode, we break down:<br/>✔️ What are capital gains taxes on real estate?<br/>✔️ How the IRS Section 121 exclusion works (aka the Homeowners Exemption)<br/>✔️ Who qualifies for the $250,000 (single) or $500,000 (married) exclusion<br/>✔️ The Two-Part Test: Ownership & Use Requirements<br/>✔️ Capital Gains Tax rates & how much you could owe<br/>✔️ Exceptions & special considerations (military service, divorce, rental conversions...
2025 California Landlord-Tenant Law Updates | Screening Fees, Security Deposits & More!
Apr 2, 202539 minS1
<p>New landlord-tenant laws take effect in California in 2025, bringing significant changes that landlords, property managers, and realtors need to know. This video is part of a presentation given by Devin Lucas on January 29, 2025, to a group of realtors, covering these critical updates in detail.<br/><br/>🏡 Topics Covered:<br/>✅ New rules on application screening fees and how they impact landlords and tenants<br/>✅ Security deposit changes, including mandatory photo documentation requirements<br/>✅ Tenant credit reporting options and exemptions for small landlords<br/>✅ Expanded lock-change protections for abuse victims<br/>✅ Protections for small commercial tenants and changes to unlawful detainer timelines<br...
California’s Price Gouging Laws: What Landlords in Newport Beach & Costa Mesa Need to Know!
Apr 2, 202527 minS1
<p>📢 Landlords, are you prepared for California’s price gouging laws during emergencies? 🏠🔥<br/><br/>CRITICAL UPDATE – As with many laws, this topic is evolving. On February 4, 2025, Governor Gavin Newsom issued Executive Order N-17-25, which modifies California’s price gouging protections and changes two key topics in the article below: 1) “Housing” now applies to leases of ANY duration, not just under 12-months; and 2) various zip codes are now exempt from the HUD calculations. Read our updated article here: https://lucas-real-estate.com/february-2025-executive-order-on-price-gouging/ (article on updates to price gouging laws) and ensure to consult with legal counsel before proceeding on any aspect as th...
Real Estate Mediations and Compliance with the Residential Purchase Agreement Mediation Requirement
Apr 2, 202518 minS1
<p>Join Real Estate Attorney, Real Estate Mediator and Real Estate Broker, Devin Lucas, discuss Real Estate Mediations and Compliance with the requirement for pre-litigation mediation under the California Association of REALTORS® Residential Purchase Agreement ("RPA").<br/><br/>This is a LOT of information, normally an hour-long in-person presentation (even then, too short) into under 18 minutes.....<br/><br/>We discuss <br/>1) What is Mediation<br/>2) Requirement for Mediation<br/>3) Who attends the Mediation<br/>4) Is an attorney required for Mediation<br/>5) Where to find a Mediator<br/>6) Costs for Mediation<br/>7) How to comply with the requirement for Mediation<br/>8) Wh...
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