Florida is a lucrative location to own land for many reasons. The weather is wonderful, the business opportunities seemingly endless, and the taxes low. Whether looking to build a dream home or a commercial property there are a few important things to know before...
Real Estate Transactions
Can I get out of a real estate contract?
You thought you found a dream property. You put in an offer, the buyer accepted, and you started making plans for the big move. While waiting for this transition, you start to have second thoughts. Maybe rising interest rates have you concerned about the expense of...
When is a condo the right choice for me? Three examples.
Making a move is a big deal. This is true whether that move is down the road or across town. You will need to go through your belongings, figure out what is worth moving and what is worth donating or tossing and then pack it up for the move. Add in the expense that...
What should I know about 1031 exchanges in 2023?
A 1031 exchange, more commonly known as a “like-kind” exchange, is a legal tool that allows real estate owners to exchange pieces of property and defer capital gains taxes. This generally applies to investment or business properties. In the past, there was the ability...
Real estate and capital gains: 3 things to know
Property owners who sell real estate at a profit may need to pay capital gains taxes. The reasoning is basically that the Internal Revenue Service (IRS) views the gain in value as a form of taxable income. The IRS generally applies a capital gains tax to the value of...
When do I need a real estate attorney?
A real estate attorney can serve a number of functions. Common examples include: · Title work. A title search checks for issues that could hinder the transfer of ownership of property. An attorney can complete this search and help to resolve any potential legal...
Is that second property a good buy? Two times the answer is yes.
Buying a second property is a big step. Although it is never possible to know with certainty that the risk will lead to reward, two situations that increase the odds of success include the following. #1: The property is in line with future goals It is important to...
3 times you need a real estate attorney
Although buying property remains one of the biggest transactions most make in their lifetime, the process is arguably easier than ever before. Technological advances have provided access to information to help prospective buyers complete due diligence prior to moving...
Two tips before buying a second property in Florida
The term snowbird is popular for a reason. The appeal of a home near family and an escape to warmth in the cooler winter months draws many to the sunny shores of Florida every year. Estimates from 2018 find that homeowners used at least 7.5 million properties in the...
What should I know about underwriting and real estate investments?
The financially savvy know the power of diversification. It is important to make sure your portfolio has more than just stocks and bonds. Another important part is often real estate. Owning real estate can extend beyond the traditional primary home or vacation...