Though the terms homeowners association and condominium owner association seem similar, these are separate organizations with different levels of involvement. Florida law requires membership in a condominium association for any property owner within the condominium. A...
Real Estate LLC Formation
Creating passive income by purchasing a rental property
Many Florida residents find that purchasing a rental property is a great way to generate passive income during or ahead of retirement. If you count yourself among those considering buying a property you intend to rent out to others, there are certain things you should...
How may I secure financing for an investment property?
An investment property is a piece of real estate that you do not live on but intend to use to generate a profit. Like any real estate, you may look for outside financing to purchase the property. However, lenders generally approach investment properties with greater...
What are protected classes under the Fair Housing Act?
When it comes to selling or renting out housing, the Fair Housing Act protects renters and buyers from discrimination. According to the U.S. Department of Housing and Urban Development, most homes, apartments and other forms of housing must abide by the Fair Housing...
Items to include in a lease agreement
Owning a commercial building and leasing units out to people can be a good source of income for many landlords. However, many legal issues can arise when dealing with tenants. It is important to keep a thorough lease agreement from all tenants on file in order to help...
3 benefits of investing in a multifamily property
Investing in a Florida apartment building, condo complex or another type of multifamily property may help you generate regular income and set yourself up well financially for retirement. While you may face upfront costs, your multifamily property may also serve as a...
What should you know before buying an apartment building?
As you approach retirement, it may be more appealing to have a source of passive income. You may decide that purchasing an apartment building is the right option for your situation. Before purchasing an apartment building, there are several factors you should...
What is a commercial property’s load factor?
Whether you want to open a restaurant, retail outlet or office, there are a variety of benefits that come with selecting a space in a multi-use building or property. After all, these places typically have common spaces that make them more appealing to employees,...
How may I obtain funding to buy and sell commercial real estate?
Before starting a real estate venture, you may require funding from lenders or investors. As noted on the Entrepreneur.com website, several financing options may allow you to acquire a commercial property. If you have stellar credit and a good track record with real...
Your credit score and buying a home
Your credit score directly influences the interest rate of your loan for a home mortgage. Maintaining a higher score may improve your costs and help you reach your financial goals faster. Prior to purchasing a home, you may wonder what you can do to increase your...
