People are generally familiar and comfortable with LLCs, and they often miss out on the benefits of a land trust just because of lack of familiarity. This articles compares the two entities side-by-side, showing the similarities and differences.
Every city and county in Florida is required to adopt a comprehensive plan that provides “the principles, guidelines, standards, and strategies for the orderly and balanced future economic, social, physical, environmental, and fiscal development of the area that reflects community commitments to implement the plan.” Section 163.3177(1), Florida Statutes.
Conditions are perfect for foreign individuals and companies looking to diversify, move capital to a safe place, and/or establish a foothold in the US. To invest successfully, there are three basic principles to consider.
I have always been fond of trusts generally and, when it comes to real estate investment, a land trust can be an ideal solution in many situations. The only drawback I have run into is that a lot of people are unfamiliar with trusts and it takes a good deal of explaining to get them to the necessary comfort level. READ FULL POST
There are a few different ways to find properties, each of which has pros and cons. We will start with the traditional methods and work our way progressively towards paths less traveled.
These days, the real estate market is steadily on the rise. So, if you are in the real estate investment game, you may find yourself with a good opportunity to flip a property, but you may not be ready to cash out. Good news. You can take advantage of the sale opportunity and parlay it without having to pay taxes READ FULL POST
This is a continuation of our discussion of the 1031 Exchange as a technique for deferring tax on your real estate investments. In Part I, we reviewed the basic components of the transaction. In reality, there are pitfalls at virtually every stage, so a simply overview is probably not going to be enough for you to successful bring about a READ FULL POST
In our practice as real estate attorneys, we frequently hear “my house is in my mother’s name,” “I used my friend’s credit to buy my house,” or something along those lines. It is actually quite common for people to “borrow someone’s credit” or title a property in someone else’s name, and the reasons behind it are understandable enough. The purpose READ FULL POST
This is the third and final part of our discussion regarding the use of a 1031 Exchange to defer tax on real estate investments. Used correctly, real estate investors might even defer tax indefinitely—or at least during their lifetimes.
Litigation & Mitigation, by Jeff Harrington, published by Thompson Reuter