We get Asked All the Time
Who is an Azure Miami Client?
The Answer is YOU!
We Work with Busy Professionals, Relocating Executives, Sports Players and Team Personnel, Foreign Nationals, Trusts, Government Employees
and Individual Property Owners.
Miami is an International Melting Pot.
Generally, if You Exchange Business or Investment Property Solely for Business or Investment Property of a Like-Kind, no gain or loss is recognized under Internal Revenue Code Section 1031. If, as part of the exchange, you also receive other (not like-kind) property or money, gain is recognized to the extent of the other property and money received, but a loss is not recognized.
Many Daughters and Sons Move to Miami to Attend One of the Many Esteemed Universities. We Assist their Families in Buying a Condo to have Peace of Mind while They Attend School and Study they Don't have to Worry it their rental
Nirvana Water Front Gated Community, Miami Condo For Sale, Resort Style Pool, Lap Pool, Jacuzzi, Fitness Center, (Cardio, Free-Weights, Universal Machines)24/7 Guard at Gate, Washer/Dryer (In Unit) Granite Kitchen Counter Tops, Designer Lighting through-out unit, Custom Contemporary Bath, Stone & Glass, Custom California Style Closet, Hurricane Impact Sliding Glass Doors, Private Patio/Balcony
If you’re looking for a job on the side or a brand-new career, investing in real estate can be a great way to do this. Fair warning: real estate investing can be expensive, time-consuming, and stressful. But, in the end, it can pay off with a large paycheck. If you’re new to investing in real estate, here are some steps you can follow to make the most of the experience.
Investing in real estate is complex and, at times, confusing. If you’re new to investing in real estate, you can’t expect to have it all figured out right away. Make sure you’re putting in the effort to learn everything you can about real estate, because your ignorance could end up costing you. Do your research. Read books, use the internet, and ask for advice from people who have been in your shoes. Don’t be afraid to admit what you don’t know. Take advantage of any learning opportunity you have and ask a lot of questions.
Investing in property is a serious commitment. The time of renovating your property will vary, depending on how much work needs to be done. You also have to consider all of the time you will spend trying to get the property sold. You’ll end up working with contractors and many other professionals. The worst thing you can possibly do is wing it. Be detailed.
Don’t start this endeavor without a plan for your investment property from the time you buy to the time of sale. Your plan should include your timeline, which will be how long the property is vacant. You need a detailed budget that factors in taxes and an insurance quotes. Be sure to talk to a contractor about exactly what work needs to be completed. Estimate maintenance and other costs. Be realistic about each part of your plan. It’s important for you to talk to a lender about how much you can borrow and at what interest rate.
Investing in Real Estate property is costly. Although might end up profiting significantly from your investment, you’re going to need a large amount of money upfront. You should have no existing debt before you venture into the world of investment properties. If you’re still paying off debt, waiting to invest might be your best choice. You should also expect to make a down payment that will be higher your own home’s down payment—often around 20%.
When you’re first breaking into the world of investment properties, don’t be overly confident. The margin for error is very small and mistakes can cost thousands or even millions of dollars. Your first property should be something relatively cheap, and it should not need much renovation. Taking on a fixer-upper is a massive commitment that comes with a big price tag and a lot of stress. Totally flipping a home isn’t something that can be easily learned. So instead look for a property that needs more manageable work.
If you don’t want to go the regular route of investment properties, you should consider a 1031 exchange. This real estate endeavor is named for the section where it can be found in the tax code. With a 1031 exchange, you can invest in a property, business, or some other kind of investment asset and exchange it for another investment property, business, or other investment property. What is special about this type of investment is that the capital gain taxes are deferred from the first property to the second.
If you’re interested in 1031 exchanges, there are some things you should know before you swap properties.
This means the property you swap cannot be your primary place of residence. What’s important to remember is the intent behind the property you want to exchange. The intent must be investment, not for personal use. There is also a difference between sale and investment. With an investment property, the property may increase in value over time. You may also profit from the property through trade, business, or any other means, such as rent.
This essentially means that the exchange must be between two properties of equal nature. The second property can be of greater value than the first, but it cannot be less. The term “like-kind” is fairly broad. The two properties do not have to be identical. As long as they both are used for trade, business, or investment and are located in the United States, the exchange should qualify.
THANK YOU for your persistence, patience and diligence with us. I’m sure we weren’t the easiest clients at some times, but we were fortunate to have you in our court.
CONGRATS on a successful closing and thank you again. You went above and beyond in many ways.
All the best,
I live in Texas and have an investment property on Miami Beach. Adrienne has been very helpful and has made the process easy. She always keeps me updated on any issue the condo or tenant may have. I highly recommend Adrienne and her company.
Living in Singapore could possibly create a nightmarish scenario in the best of times. I am sleeping comfortably knowing that Adrienne + Azure are looking after my property as it would be their own working tirelessly to safeguard and protect my interest. I thank you for having brought me peace of mind. Cheers!
Copyright © 2018 Azure Miami - All Rights Reserved.