Monthly Archives: October 2015

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Buying & Holding Real Estate Investments: Florida LLCs vs. Florida Land Trusts

Buying & Holding Real Estate Investments:
Florida LLCs vs. Florida Land Trusts

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  • Which business entity is right for your investments
  • Why you shouldn’t hold title individually
  • Protecting your assets using a Florida LLC or Florida Land Trusts
  • Tax implications/benefits of using a business entity

Presented by:

  • Kevin F. Jursinski, B.C.S. of the Law Office of Kevin F. Jursinski & Associates
  • Marc S. Whitefield, CPA, MSAT of Stroemer & Company, LLC

October 29, 2015
Registration: 8:30am
Program: 9:00-11:00am
Location: Stroemer & Company, LLC, 14030 Metropolis Avenue, Suite 200, Fort Myers, FL 33912
RSVP by October 23: jlampitt@kfjlaw.com or (239) 337-1147
Space is limited, register early

Fort Myers & Naples Real Estate Attorneys — The Law Office of Kevin F. Jursinski & Associates

Delivering Quality, Specialized Representation in Real Estate, Business, and Construction Law to Southwest Florida

Sophisticated local, national and international real estate investors and business owners choose The Law Office of Kevin F. Jursinski & Associates when they need comprehensive, specialized legal advice and representation from experienced counsel in the areas of real estate, business and construction law.

With more than 30 years of specialized legal expertise in Florida, Attorney Kevin Jursinski leads the firm with his combination of exceptional credentials and ability to get results both in court and at the negotiation table. Our firm’s attorneys and staff have the skills and resources to close the deal and protect our clients during every step of a transaction.

Our firm is unique in that Attorney Kevin Jursinski is the only attorney (out of more than 98,000 attorneys) in the entire state of Florida who has ever received Florida Bar Certification in Real Estate Law, Business Litigation and Construction Law simultaneously. Board Certification is the Florida Bar’s highest level of recognition of the competency and experience of attorneys in specialty areas of practice.

Kevin is also ranked as an AV Preeminent® Rated Attorney By Martindale Hubbell. The AV rating, the highest possible, is a peer review of Kevin’s level of professional excellence.  Kevin’s education paired with his outstanding reputation has made him and his firm one of the area’s most recognizable and sought after legal firms.

The Law Office of Kevin F. Jursinski & Associates represents commercial and residential real estate investors; sellers and purchasers; developers; contractors and business owners in  real estate law, business lawconstruction law and land use matters in Southwest Florida and other selected areas of the State of Florida.  We also serve clients who are interested in Estate Planning, Probate & Probate Litigation.

Our office is located in Fort Myers, Florida and serves clients in Lee and Collier counties including Cape Coral, Bonita Springs, Naples, Sanibel and Port Charlotte. If you need assistance with a real estate, business, construction, foreclosure or a gaming legal matter, please contact our office today.

 

Click Here to read about all the seminars offered. If you are interested in hosting or attending any of our seminars, please call our office at (239) 337-1147 or email Jamie at jlampitt@KFJlaw.com.

 

 

September 2015 Lee County Foreclosure Backlog

September 2015 Lee County Foreclosure Backlog

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—As of September 30, 2015

As of September 30, 2015: There were 1,472 active cases at the Lee County Clerks office

—As of August 31, 2015: There were 1,496 active cases at the Lee County Clerks office

—As of September 30, 2015: There were 3,557 active cases at the Lee County Clerks office

About this data:

—Foreclosure cases get a disposition with a judgment or dismissal.  (That’s what the disposition report shows.)

—The Certificate of Title is post judgment activity and is not reported as an additional disposition.

—The cases gets “reopened” only when they go back before the judge (like a Motion to Set Aside Sale or Set Aside Judgment).

Notes:

—I think this caseload is the “new normal”. That is until we over lever and correct. Normally using the term “new normal” is the sign of a tipping point. Its hard to see where a sudden rush of foreclosures would come from based upon the cash percentage of the last 5 years.

—A slight month over month decrease.

—A year over year decrease.

—How many short sales that have traded but have also not had the Lis Pendens withdrawn? The real number is lower

—A mid-month check of the lis Pendens filings and Certificate of Titles show the trend is still the same.

—This is the lowest case load since November 2006!

real estate road map 2016

Real Estate Road Map 2016! 10/20 2015

—When: 10/20/15 

—5:00 Doors Open/Networking

—5:15 Speed networking

—Topic: How to have a profitable 2016

—Presenter:  Earnest Graham, Why winners never quit

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—Presenter:  Kelsey Dineen, Private money

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Presenter:  Jeff Tumbarello, The trends driving 2016

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—Location: The Marina at Edison Ford

—Address: 2360 W 1st St Fort Myers, FL

—Non Members are $20.00

Click here for more information

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The SWFL REIA is the premier source for Real Estate Investing education and networking.

The SWFL REIA is different in the Real Estate Investing world in that we do not do information product sales. Our content rich meetings focus on Real Estate Investing via collaboration with like-minded Real Estate Investors sharing their own experiences.

The SWFL REIA is on the cutting edge of data gathering and analysis of the housing market and foreclosures. Our Analysis and Trend reporting has made the SWFL REIA an expert source for the media and set standards by which the housing market is analyzed and trended within the industry.

Our members are Real Estate Investors, Real Estate Agents, Title Agents, Insurance Agents, Landlords, Property Managers, Wholesalers, Rehabbers, Note Buyers, Hedge Fund Managers, Bulk Asset Purchasers, Foreclosure and Probate Investors. Come and network!

Our Motto: Knowledge withheld is Knowledge wasted.

The number one key to being successful in real estate investing is?

To understand what you are there to do!

From our experience, this is the most critical phase.  If you have a clear plan it is easier to deploy capital while still operating within a margin of safety.

The SWFL REIA is the premier place to understand what you are here to do, in relation to real estate investing! We look forward to meeting you at a meeting soon!

Click here for membership information

 

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The Hidden driver of the SWFL Real Estate Market

Understanding Trends SWFL Real Estate Market Trends.

Everybody talks about trends but what, exactly, is a trend? Webster’s dictionary defines a “trend” as:

  • (verb) “To have a general tendency; said of events, conditions, opinions”
  • (noun) “The general or prevailing tendency or course of events”

The base driver (or maybe base indicator) of the SWFL Market Real Estate Market?

RETIREE

  • A person who has retired from a working or professional career
  • In-migrating retiree spending initiates growth.
  • New jobs are created to meet demand for goods and services of from new residents.
  • Some retiree households construct new homes, creating additional jobs and income. Some purchase or rent within the traditional market place.

US Census

  • an official enumeration of the population, with details as to age, sex, occupation, etc.
  • They maintain a count of live births (along with many other data sets). This is how you can project and extrapolate current and previous retiree trends.

How do we know if this is valid?

  • Thru analysis, it has been determined that 62 years of age appears to be the age to trend.
  • So if you go back 62 years, you should be able to estimate the number of retirees for this and the coming years?

The simple math always sheds the most illuminated path…

  • The SWFL real estate market crashed in 2005 thru 2007.
  • If you go back 62 years. That is 1943 thru 1945. WW2 caused a large drop in the US birth rate.
  • Low and behold, 62 years later. All the retirement centers in the country crash first. Therefore popping the bubble.

SWFL Real Estate Market

 

Notes on last cycle

  • A full blow leverage induced mania formed in late 2004 thru 2006.
  • The retirees started the early growth phase of the SWFL real estate market,  2002 thru early 2004. Blind speculation fueled by no doc leverage fueled 2005 thru 2006.

So what do these trends project about 2016?

Real Estate Road Map 2016

  • When: Tuesday, October 20th from 5:00 -7:30 pm
  • Where: the Marina at Edison Ford 2360 W 1st St. Fort Myers, FL

Click here to register

September 2015 Lee County Florida Foreclosure Trend Report

September 2015 Lee County Florida Foreclosure Trend Report

September 2015 Lee County Florida Foreclosure Trend Report

The trends at a glance:

Lis Pendens:

—September 2015: 114 Mortgage related Lis Penden

—August 2015: 127 Mortgage related Lis Pendens

—September 2015: 166 Mortgage related Lis Pendens

Certificates of Title:

—September 2015: 178 Certificates of Title were conveyed

—August 2015: 152 Certificates of Title were conveyed

—September 2015: 348 Certificates of Title were conveyed

September 2015 Lee County Florida Foreclosure Trend Report

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The SWFL REIA is the premier source for Real Estate Investing education and networking.

The SWFL REIA is different in the Real Estate Investing world in that we do not do information product sales. Our content rich meetings focus on Real Estate Investing via collaboration with like-minded Real Estate Investors sharing their own experiences.

The SWFL REIA is on the cutting edge of data gathering and analysis of the housing market and foreclosures. Our Analysis and Trend reporting has made the SWFL REIA an expert source for the media and set standards by which the housing market is analyzed and trended within the industry.

Our members are Real Estate Investors, Real Estate Agents, Title Agents, Insurance Agents, Landlords, Property Managers, Wholesalers, Rehabbers, Note Buyers, Hedge Fund Managers, Bulk Asset Purchasers, Foreclosure and Probate Investors. Come and network!

Our Motto: Knowledge withheld is Knowledge wasted.

The number one key to being successful in real estate investing is?

To understand what you are there to do!

From our experience, this is the most critical phase.  If you have a clear plan it is easier to deploy capital while still operating within a margin of safety.

The SWFL REIA is the premier place to understand what you are here to do, in relation to real estate investing! We look forward to meeting you at a meeting soon!

Click here for membership information

 

 

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