Tag: Florida Real Estate

SECTION 1031 (TAX DEFERRED EXCHANGES) VS. SECTION 1033 (INVOLUNTARY CONVERSIONS) ON INVESTMENT REAL ESTATE More and more people are having their property taken by a governmental agency through eminent domain proceedings.  So, let’s briefly discuss some of the information that will help during this process. Question: What options are available to me as the Taxpayer, when […]

ATTENTION all Real Estate Owners! BEWARE OF SCAMMERS There have been talks of some individuals attempting to take advantage of real estate owners post-hurricane recovery situations. Insurance, debris removal, and tree removal scammers are actively working in storm affected areas. Do not sign anything regarding an “assignment of benefits” from a potential contractor. If you […]

Marriott plans to remove plastic straws Worldwide by July 2019! Marriott International today announced that it has adopted a plan to remove disposable plastic straws and plastic stirrers from its managed and franchised properties by July 2019. The move will impact 6,500 properties across 30 brands around the world, and could eliminate the use of […]

The majority of our clients and referral sources are aware that doing a Section 1031 tax deferred exchange allows Taxpayers the privilege of deferring the payment of their federal capital gains taxes, depreciation recapture taxes and state income taxes (if any) on the property they held for investment or on the property that they used in […]

When a hurricane threatens your community, be prepared to evacuate if you live in a storm surge risk area. Allow enough time to pack and inform friends and family if you need to leave your home. Secure your home: Cover all of your home’s windows. Permanent storm shutters offer the best protection for windows. A […]

  A deed is a legal instrument used to convey real property. There are three main deeds in Florida, or three methods of transferring property. They vary depending on the guarantee that is offered by the seller, the type of property, or reason for transfer. 1) General Warranty Deed Most complete form of ownership, or highest […]

Regardless of the size of a company, whether a small business or a large one, it should comply with its state law record-keeping requirements. Here is a list of some of the important corporate documents to maintain: – A copy of the corporation’s articles of incorporation or organization; – Corporate bylaws or operating agreement; – […]

Real estate investing can be an extremely rewarding process, but it can also carry some worth-noting risks.  Troubleshooting for these issues begins before the purchase takes place and continues throughout ownership.  Here are some tips to help get you started. The thing to address first and foremost is the financial aspect.  Buying profitable real estate […]

In the past, it has been difficult for buyers to to get a mortgage without having a large down payment requirement.   Some available options this year and going into next are the Federal Housing Administration’s low down-payment program.  Now, banks like Wells Fargo, Bank of America, and TD Bank are offering as low as 5 […]