Owning rental property and having a tenant who isn't paying rent can be a frustrating and stressful experience. For many landlords, they purchased the rental property as a form of investment or to generate additional monthly income. A tenant not paying rent frustrates this goal. While taking matters into their own hands can be tempting, [...]
Buying real estate in Florida is not a simple process. There are several steps that you must go through before taking ownership. One of the most crucial steps is due diligence. This is when the buyer confirms that the property is what they expect it to be and is worth the value they are willing [...]
When you own property, it becomes a part of your assets. Your name is publicly recorded as the owner. This creates a certain amount of liability and risk for your ownership. Many owners look for ways to limit their risk. A land trust can be the solution you are looking for. This guide to understanding [...]
Investing in Florida real estate presents you with an opportunity to grow your wealth. There are several methods for real estate investment, and depending on how you approach it, several laws can apply to your real estate investments. When deciding what type of real estate investor you want to be, consider the laws that will [...]
Many people focus on the purchase price when buying residential property. But this is just one of many costs associated with closing on a home. Budgeting for these additional costs will ensure you make smart financial decisions. 1. Property Taxes Property taxes are paid for the previous year. When a home is sold, the pro-rated taxes [...]
Sometimes, it isn't enough to state that you are trustworthy or financially capable of paying a loan back. You need an outside third party to validate your claims. Or you want to make a strategic decision and are unsure if it is right or legally allowed. You need an outside third party to validate your [...]
About 75% of homeowners have at least one regret about their home purchase. For some, this regret is that they underestimated the total cost of the purchase. For others, the regret is more serious, such as the location and unexpected repairs or maintenance. It's easy to get caught up in purchasing a less-than-ideal home, especially [...]
With real estate investment on the rise, more and more people are getting involved in more complicated real estate transactions. Whether you're an experienced real estate investor or buying your first property, there are several situations where real estate law can become complicated. Real estate law can be complicated and confusing when conflict arises. An [...]
We have the 19th-century expansion of the American frontier to thank for the creation of title insurance. As the debate over land ownership became epidemic, Title insurance protection became necessary. Settlers became unsure of whose land they were cultivating, and this led them to seek methods of mitigating the risk of their property becoming embroiled [...]
Before you can finance or purchase a property, you need to ensure the seller has the right to sell it. It may sound unnecessary, but there are a few reasons to consider a title search before you close the deal. What Is a Title Search? This involves going through the public records. The point is [...]
