Archive | Real Estate Investing
International Landlords – A Rising Trend By Patricia Tan Florida’s still low real estate prices, together with a healthy demand for rental properties have led many investors from overseas to purchase rental properties here. Sometimes the homes are purely for investment, other times they are vacation homes that are rented while the owners are not using them personally. It can be difficult to find a property that meets both the need of a vacation home and a rental investment. The home that meets the owner’s need for a vacation residence may not produce the best rental returns, but a lower […]
Global Entrepreneur By Sara Hand Global Entrepreneurship Week (GEW) – ran from November 12th through 18th where more than 100 countries across 6 continents participated in more than 30,000 total activities! Launched in 2007 by Carl Schramm, President and CEO of the Kauffman Foundation and Gordon Brown, former Prime Minister of the United Kingdom; this “movement” has grown significantly since its inception. With the strategic aim to foster innovation and creative leadership accompanying the spirit of entrepreneurship across the globe in young people; students, educators, entrepreneurs, business leaders, non-profits, government officials and more engage each year.
What’s Hot? By Sara Hand What do words like education, network, virtual, job growth, support, incubator, accelerator, angel, pitch, and VC all have in common? They all connect to a term you see thrown around a lot lately. Across headlines – print and digital – the buzz is about “entrepreneurs.” So what’s all the interest in this word that spell check loves?
The Gulf Coast Venture Forum By Sara Hand Photo by Lori Sax We already know that Southwest Florida (SWFL) is a great place to retire. Yet more than just a place to retire, golf and fish; SWFL has also become a place where entrepreneurs looking for quality lifestyle are choosing to build their businesses and choosing to relocate. With many of these companies at an early stage of development and often pre-revenue, they may not yet be headliners for news. However, in an economic climate that becomes more and more entrepreneur friendly, it won’t be long before they do become […]
1031 Exchange The third in a three-part series By Jefferson Riddell, Esq After the real estate downturn, the number of 1031 exchanges decreased significantly. However, lately we’ve noticed an uptick in 1031 exchanges, perhaps a sign that the market is recovering or just an indication that investors are realizing it’s still one of the best tax shelters available.
1031 Exchange The second in a three-part series By Jefferson Riddell, Esq Although 1031 Exchange has been in the internal revenue code since 1921, the scope of its use in recent years is unprecedented. Originally an “out west” phenomenon, the use of 1031 Exchange has spread rapidly east in recent years.
How To Sell Your Business Tax Free The first in a three-part series on 1031 Exchange By Jefferson F. Riddell, Esq. Most people are aware that they can sell vacant land and rental properties via 1031 Exchange and defer payment of capital gains taxes. Fewer people are aware that, if they sell an active business–be it a manufacturing facility, store or professional practice–there is also an opportunity to take advantage of the 1031 Exchange. Simply stated, 1031 Exchange is a provision in the tax code that allows you to defer the capital gains tax on the sale of real estate […]
Go Global International Retirement Destinations By Patricia Tan Ask any American where they plan to retire to, and you might expect to hear Florida or Arizona. You might be surprised however, at the many different answers you will hear today. A growing number of Americans are becoming disenchanted with the thought of retiring to a warm and sunny location in U.S.A. Many are looking at alternative destinations outside the country – some driven by politics, some driven by economic reality, and some wooed by the thought of a better lifestyle at a fraction of the cost. Baby boomers and affluent […]
Go Global Dubai, The Pearl Of The Persian Gulf By Patricia Tan As a real estate professional working to bring overseas investors, retirees and part time residents to Florida I find competition for those investment dollars coming from many other parts of the globe. The world today is indeed very small, as the saying goes. In recent months, my attention was drawn to find out more about real estate in Dubai, as it came up in conversations with clients from Europe in particular. Some had already invested there, spent vacations there or were anticipating some property bargains becoming available in […]
Go Global The Truth About Foreclosures, Bargain Priced Property And The Loonie! By Patricia Tan Florida is now acknowledged in international circles as THE place to buy real estate. There is growing evidence that the prices in many parts of our state have bottomed and started on the road to recovery, but buyers are still hesitant and search for data to support a buying decision. One key indicator that many buyers research is the number of foreclosures in a market. Another deluge of foreclosed properties will surely mean prices will drop further, right? Many investors look to the press for […]
Go Global – Brazil, The Land of Opportunity? By Patricia Tan We hear much talk today of the global economy and the growing role of the BRIC countries – Brazil, Russia, India and China. The term BRIC was first used in a Goldman Sachs report in 2003, which speculated that by 2050 these four economies would be wealthier than most of the current major economic powers. Of the four countries, we probably see and hear more of Brazil, here in Florida. Brazil covers nearly half of South America, is the continent’s largest nation and the only South American country whose […]
1031 Exchange By Jeff Riddell Although 1031 Exchange has been in the internal revenue code since 1921, the scope of its use in recent years is unprecedented. Originally an “out west” phenomenon, the use of 1031 Exchange has spread rapidly east in recent years. With all of the “unintentional millionaires” out there today, even the little guys are doing 1031 Exchanges. “Unintentional millionaires” are all those folks who bought a lot, house, condominium, etc. a few years ago who wake up one morning and find that their $250,000 property is now worth more than a million, but you knew that […]
Seller Financing By Jeff Riddell It’s hard to get a mortgage these days. So, what’s a seller (and maybe the seller’s real estate agent) to do? Seller financing (sometimes called owner financing) may do the trick. Florida recognizes several approaches, each with its pros and cons. First there is the traditional seller carry-back mortgage. The buyer and seller sign a purchase agreement that not only describes the purchase price, but also the seller financing covering a portion of the purchase price. Seller financing could, of course, cover the entire purchase price, but that usually isn’t prudent—sellers want buyers to have some […]
Go Global – Go Fractional By Patricia Tan There is a growing trend in the international real estate market towards fractional ownership. The global recession undoubtedly influenced this growth, by causing many people to stop and consider their financial position and formulate new strategies for fiscal management and wealth preservation. In recent years there had been a tendency for those who could afford it, to buy not just a second home, but a third or fourth home around the world, to meet their lifestyle needs. It would not be unusual for someone to have a loft in New York to […]
Take Over The Payments By Jeff Riddell Unfortunately, many people would like to dump their properties even though they made substantial downpayments. Some use jingle mail (send the keys to the lender and walk away). There are consequences, however. Since the lender will still need to foreclose, the owner will still have a foreclosure on his record. Other than the temporary moratorium for primary residences, at least in Florida every foreclosing lender has the right to pursue a deficiency judgment, and more are doing so. Usually there is no defense to the deficiency claim. To defend, the owner would need […]
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Monday, January 6, 2014
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