As a real estate agent, you work on commission. Since your pay depends on the final price of the property, the details of the payment, like the timing, can get tricky. The following will dive into some of the common questions and problems that real estate agents need...
Real Estate
Can a squatter claim my land?
Someone who is on our land without our permission should not be able to claim it as their own — should they? The answer depends on a number of factors, but often involves the legal theory of adverse possession. What is adverse possession? Adverse possession refers to...
Negotiating a commercial real estate deal? Avoid these 3 errors.
The commercial real estate sector can provide a solid opportunity for financial growth. Those looking to invest in this market can learn from others’ mistakes. Some of the more common that apply to pretty much every commercial real estate deal include the following....
Thinking of a like-kind exchange? Avoid this big error.
Owning real estate can be a great way to diversify your investment portfolio. Those who choose to own real estate often rely on a 1031, or like-kind exchange, to help provide the ability to defer capital gains taxes on a property the owner chooses to sell as long as...
What should I know about like-kind exchanges?
In general, whenever you sell a property for an increase compared to when you purchased it, the Internal Revenue Service (IRS) expects you to pay capital gains taxes. Section 1031 of the United States Internal Revenue Code allows for real estate owners to defer paying...
Do you know what you’re signing up for in a commercial lease?
If you are opening a new business in Texas or expanding your current enterprise, finding a space to operate can be a top priority. Initially, you will likely focus on finding space that is the right size with the right amenities in the right location. When you find...
The highs and lows of real estate in 2020
2020 has posed an interesting year for all marketplaces, including real estate. Commercial real estate has taken a hard hit as retailers and businesses shift from a focus on utilizing retail and office space to greater use of online sales and remote meetings. On the...
Should I start a real estate LLC?
The real estate market is offering some interesting opportunities right now. Whether looking to buy a cabin for personal use and income with the occasional rental or considering gathering multiple rental properties to bring in a regular income, those who are...
Can I get out of my real estate contract?
The current coronavirus pandemic is wreaking havoc on all aspects of life. From how we shop for groceries to how we socialize, as a society we have taken steps to help reduce risk of the spread of this virus. Although the exact measures may vary for each family,...
Making an appealing real estate purchase offer
Finding the perfect home is many Texas residents' dream. It can take weeks and months of looking and going to open houses before finding one that really feels like home. When that happens, it can be exciting, but as with any real estate transaction, the chance exists...