Many Floridians choose to protect their real estate investments by creating a limited liability company (LLC) to legally possess assets they have purchased. The extra protection from risk offers investors peace of mind, especially when they own multiple properties.
It's possible to move from one property to another without the double process of selling a current home and buying a future one. A smart investor can even add value with the process, known as a 1031 exchange.
Whether a family is looking for a first home or an investor is hoping to score a profit on development, Florida is the site of a huge number of real estate transactions every year. Often, in the excitement or possible confusion, people sign documents without knowing why. It's always worth the time to understand these papers.
Real estate may have taken a tumble in the market over the last decade, but it is roaring back in Florida and bigger business than ever. Most of the southern part of the state is going through a building boom as old office and retail vacancies are snapped up by new and expanding businesses.