954-962-8889
Menu / Navigate

Hollywood Real Estate Law Blog

The pros and cons of forming a business for your investments

If you have invested in real estate in the state of Florida in the past, you will likely have a good understanding of the hard work and element of risk that is involved in the activity. Many property developers fall into the real estate industry by following their passion and only further down the line do they decide to formalize it in a business structure.

Property developers have many reasons for creating companies to house their property investments, and it is common for them to choose to start limited liability companies (LLCs) in doing so. Many use a new LLC for every deal that they make. If you are considering starting LLCs for your property developments, it is important that you understand the pros and cons before making the commitment.

What is passive income and should you get in on it?

Anyone who has worked for a living understands active income: money which is earned through performing a service, but few people have experienced the joy of passive income. While setting up the passive income revenue stream may require active work upfront, it becomes a reasonably self-sufficient money-making machine in time. The best example of this is rental income.

Investing in a rental property is something that can be done at any stage in life but more and more soon-to-be retirees are seeing the benefits of the passive income.

Common questions about 1031 exchanges

If you are able to qualify for a 1031 exchange, you will be able to benefit significantly from the perspective of your tax obligations. This is why 1031 exchanges are so desirable for many people.

It is common for property owners to have questions regarding the terms of 1031 exchanges and about their own eligibility. The following are some of the most frequently asked questions regarding 1031 exchanges in the state of Florida.

What is a 1031 exchange in Florida?

Taxes, liens, closing costs and other fees are always at the front of a homebuyer's mind. Without the right resources and strategy, a home sale can wipe out equity or take a deal off the table entirely because of the extra money for middlemen or the government.

Property owners and real estate agents in Florida have room to be creative with home purchases in order to minimize extra costs. One method is not a sale at all but a type of property exchange named after its place in the Internal Revenue Service (IRS) code: Section 1031.

Negotiating a commercial real estate lease

If you are a property owner or a business owner in the state of Florida, you may be interested in negotiating a commercial real estate lease. You may be doing this from the perspective of earning money from your property, or you may want to have a space from which to run your business. No matter which side you are on, it is important that you understand the relevant aspects of the law.

There are many different types of commercial leases. The type of lease that will work for you will depend on your circumstances. This is why it is so important to know the ideal outcome for you and what factors are vital to negotiate.

Understanding real estate law in Florida

If you are going through the process of buying or selling property in the state of Florida, it is important that you understand how the law works. There are many considerations to take into account, and you may be able to benefit from tax exemptions by understanding more about the law.

Property owners in Florida often have many questions regarding buying and selling property. The following are some of the most frequently asked questions.

Creating a limited liability company for real estate investment

If you are a real estate investor in the state of Florida, it is likely that you will be looking for ways to protect your personal liability while growing your profitable endeavor. Many people decide to benefit from the protections associated with a limited liability company (LLC).

Creating an LLC essentially means that you will be able to separate yourself from your real estate investments. This means that there will be less of a risk to your personal assets such as your family home and personal savings. Before creating an LLC for your real estate business, however, you should make sure to carefully consider both the pros and cons.

Qualifying for a 1031 tax-deferred exchange

It is very common for investors in the state of Florida to seek to lower their capital gains taxes. Of course, these people are also concerned with doing so legally.

The 1031 tax-deferred exchange is a great opportunity for investors in the state of Florida. It helps investors to avoid paying taxes on newly sold property if they reinvest the profits into another property. This helps investors to save a significant amount on capital gains taxes while encouraging a healthy property market.

Lease flexibility can give your property an edge

Florida has some great retail markets. There are new businesses popping up all the time. The flurry of retail activity means that the commercial real estate space is active.

With so many options, a landlord can feel pressure to take a lowered rent payment or to charge less to stand out. However, there’s another way to entice business rentals, and it’s all about flexibility.

Key ways to avoid capital gains tax in Florida

One of the most frustrating aspects of successfully investing in property is being subject to capital gains tax as a result of a lucrative sale. However, if adequate research into the law is conducted, it can be possible for those in commercial real estate to legally avoid taxation.

There are several ways to avoid capital gains tax, but the best option for you will depend entirely on your situation. You may even be able to incorporate several of these taxation loopholes to maximize your benefit.

Contact

Jeffrey Feinberg, P.A.
4651 Sheridan Street
Suite 200
Hollywood, FL 33021

Phone: 954-962-8889
Fax: 954-966-6259
Map & Directions

Contact The Firm

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Back to Top