There was some concern about what would happen to Florida's luxury real estate market once the United States Treasury's Financial Crimes Enforcement Network (FCEN) took aim at foreign buyers using shell companies to buy properties.
You've just been offered what sounds like a great deal: For just a little money down, you can assume the mortgage on a piece of property you really love and become its owner.
A large part of any business' success is due to the environment from which it grew. This is true for almost any type of business, from fashion retail brands to digital start-ups. The choices that you make regarding commercial real estate, therefore, are not trivial decisions. They should be approached with careful thought and consideration.
When a person makes a significant financial gain through a property they have bought and then sold, they typically owe capital gains tax as a result. Short-term capital gains tax generally applies to property you have owned for more than a year and is subject to higher taxes since the profit made is essentially part of your annual income. If you have owned the property for more than a year, the profit made will be subject to lower tax rates.
If you are interested in purchasing a home in the state of Florida, you will understand that it is no simple undertaking. Buying a home is likely going to be the biggest purchase you make in your life; therefore, it is important that you do it right.
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.
Workers with a long commute in congested traffic may be looking for an alternative, and many of them are getting one. The idea of a place where people can live, work and play all in one community is gaining traction, and Florida is a hot spot for new community developments serving all kinds of skilled workers.
Buying a home is one of life's biggest decisions. The right one can set the stage for a happy future while the wrong one can lead to heartache and years of legal problems. The same holds true for commercial real estate leases and purchases, as the wrong headquarters or location for retail or service businesses can spell the end of a venture.
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.
It's a large part, perhaps the largest, of the American Dream to own property. This may apply to an investment property in a developing area or a new location for a business, but the most common, and in many ways, most desirable way to own property is to buy a house.