THE GO TO REAL ESTATE RESOURCE
Our Carmel Real Estate Attorneys Live and Breathe Real Estate.
The highly lucrative, varied and sometimes extremely complex areas of real estate are hard to navigate both for a beginner and seasoned operator. Lets start to look at how you can best operate your portfolio.
BUILDING YOUR FOUNDATION
Real Estate From The Ground Up.
While there is no clear path on how to create wealth in either residential or commercial real estate, you can start with one home for you and your family and grow it into a multi-million dollar portfolio of commercial buildings with the right guidance of advisors that specialize in various property types and disciplines. We will explore both commonly asked questions about real estate law, the biggest problems you might encounter and how you can start or expand your career as an investor or get advice on how to close on a home for your main residence. Leases, Sales, Zoning, Ligitation, Tax Savings. We will cover those topics and more.
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Our Firm Looks Out For Our Clients
HOW OUR FIRM CAN ASSIST YOU
JEFF JINKS LAW REAL ESTATE AREAS
When real estate law matters are created or litigated, Jeff Jinks and his team of attorneys steps in. Considering that no one real estate transaction is duplicated, you need to know from prior experience, resources and connections how to put together your next real estate deal in both residential and commercial. An individual landlord might have homes that are in poor condition and wants to sell all his rental properties but doesn’t have the right legal guidenace to best protect his process from the sale. Maybe a plot of land was recently inherited but has multiple tax liens and environmental clean up issues that are inhibited redevelopment. Our Carmel Real Estate Attorneys have represented several individuals and corporations that have simple to complex goals, business structures and partnerships that we can work through to create your personalized plan.
HEAR FROM OUR VALUED CLIENTS DISCUSSING THEIR STORIES
Dedication to Your Property.
Everyone has a story on how they’ve built their real estate portfolio, bought and sold their first home or started a business by building their building or leasing out commercial property. Their stories are our commitment to understanding both local and institutional size and treat every client the same, regardless how sophisticated their goals are or where they are in their process. Listen to hear more about how every client gets the guidance on being laser-focused on their needs.
COMMON QUESTIONS ABOUT
Let’s start with the basics on how to approach some of the fundamental questions in real estate. Check out our frequently asked questions when it comes to both residential real estate as well as commercial real estate.
Residential leases involve a contract between the tenant using the area for a residence, not commercial property and a landlord, who owns the property. This agreement could be a lease of any property such as an apartment or home, and the timing of the contract can range from a month-to-month lease or for many years.
Commercial leases involve a tenant that pays a sum for their space typically based off of square footage to a landlord for income producing and commercial activities such as running a business. Terms can range from short-term to a few months to several years and can include payment for common area maintenance, a share of the taxes and insurance for the property.
Land Sale Contracts, Title Disputes, Zoning Issues, Dispositions and Acquisitions are a few of the areas a trusted real estate attorney can assist you with.
Depending on your financing, the source such as a bank or mortgage company will require a survey to verify the property description and area of the plat where the residential home sits. If using cash in a home sale, a survey is recommended but not required. Anticipated home additions, exterior structures such as pools and fence installs would be helpful if a survey were ordered.
In short, no. As there are many options to rent from such as an apartment, townhome or home both from an individual or a business, residential leases may vary due to the duration of the lease, specific amenities and features of the residence and other expenses associated with the maintenance of the property.
REAL ESTATE 101
Where Do You Start?
We tend to know the subject areas above, and while there are others currently not listed, we believe your best interests will be better used in working with us where we excel.
With being a part of various local to national investment groups, Jeff Jinks Law attorneys can deliver the top-quality service, expertise across multiple disciplines as well as give you access to highly valuable contacts to assist in building out your portfolio.
CREATING YOUR COMPANY
Start With Your Business Entity.
When starting out as a real estate investor, you might not know what type of legal structure you need to create to buy and sell property.
- Individual: This would be a home, like your primary residence, that you own in your own name. Not the most ideal as you have the most liability.
- LLC: A limited liability company is one of the most common and easiest to set up. No limit to how many people can be included. Typically for long term investors for “buy and hold” rental properties.
- S Corporation: Similar To LLCs but as certain member limits. Used for short term profit especially by investors that buy and sell or rehab.
- C Corporation: Used to raise capital for real estate projects. Double taxation.
- Limited Partnerships.
Commercial Property Types
The various categories of commercial real estate break down into various types and subtypes:
- Office: Have different “condition classes” depending on their amenities, location, and age.
- Industrial: Manufacturing and storage fall under this category.
- Retail: Freestanding restaurants, malls, and strip centers.
- Multifamily: Apartments from garden to midrise to highrise. Also, have “condition classes.”
- Hotels: Full service to extended stay to limited service all depending on amenities.
- Special Purpose: Anything that falls out of those above (car-wash, nursing home, student housing).
Common Commercial Real Estate Problems
With any asset you invest in, there are possible issues that will arise. Below are three main points that can directly and/or indirectly affect your strategy.
- Demographic Shifts: Millennial and Baby Boomers all have different goals, amenity needs and location requirements when it comes to housing in the multifamily sector.
- Political Changes: At all levels from the local to the global have a varying degree of affect on how the government interacts with your investments. Taxation, social issues around certain property types are something to be aware of.
- Technological Shifts and Economy Constraints: Both the sharing economy (virtual office spaces, on-demand delivery, experiential retail), inflation fears and housing affordability are all factors on where people will spend their money and their living expenses.
How to Create Wealth In Real Estate
Real estate has been considered the bedrock of investing of the wealthy for centuries and commercial real estate, in particular, is valuable because of the following attributes:
- Tangible Asset: Unlike stocks or bonds, real estate is a play on scarcity. Like they say, “there not making any land anymore,” the same goes for a great building located in a prime spot of town.
- Income Producing: Whether you invest in an apartment building, retail strip center or an office building, they all have tenants that pay the landlord on a recurring basis.
- Tax Benefits: How to “buy-up” and grow your net worth is through both the use of 1031 Exchanges and Depreciation. These tools lower your tax burden and maximize your profit.
- Appreciation: Your home may or may not go up in value to buy that big boat or car you wanted but commercial real estate, for the most part, will derive value over the long term, making it a more safe bet than other traditional investments.
REAL ESTATE PLANS TO FIT YOUR LIFE, YOUR BUSINESS, YOUR FUTURE.
THE JEFF JINKS REAL ESTATE WAY
Knowing the difference between how to deal with an individual versus an institutional investor doesn’t scratch the surface of what our Carmel Real Estate attorneys have done for wealth building with our clients. We know how fundamental commercial real estate is when it comes to wealth creation and diversification in investing and your legal team is a massive part of navigating that path to your end goals.
From the beginning of our conversation, you will know exactly where we stand on how best we can start the process to fully uncover where we need to execute your particular action plans. From initial due diligence to sales and acquisitions, creating tax strategies around 1031 exchanges and cost segregation, our primary role is to make sure your investment program is right for your time horizon, partners and overall holdings.
Contact one of our Carmel Real Estate Attorneys Today!
Our success is built on the legacy of our clients, and we continue to make sure we deliver on both the consistency and success we’ve had for both basic and customized strategies for you today and in the future for years to come.
To schedule your no-obligation case evaluation, please contact an Indianapolis real estate attorney from our firm today!
LET'S TALK REAL ESTATE TODAY!
We Speak In Your Acquisition and Disposition Langaguge.
JEFF JINKS FIRM NEWS
and Elder Law News
REAL ESTATE Landlords Beware! Written By Jeff Jinks SUBJECT: LANDLORDS BEWARE In, In Re Great Lakes Quick Lube LP v. T.D. Investments I, LLP, The US Court of Appeals for the Seventh Circuit ruled that a commercial tenant’s lease termination that happens before it has filed for bankruptcy could be considered an avoidable transfer under
REAL ESTATE Castlewood Property Owners Association, Inc. v. Leticia Guerra-Danko Written By Jeff Jinks SUBJECT: Castlewood Property Owners Association, Inc. v. Leticia Guerra-Danko Castlewood Property Owners Association, Inc. v. Leticia Guerra-Danko Leticia Guerra-Danko added siding to her home before obtaining approval from the Architectural review Committee (ARC) which is located in the Castlewood subdivision. She
REAL ESTATE CITIES USING ZONING TO AVOID EMINENT DOMAIN REQUIREMENTS. Written By Jeff Jinks CITIES USING ZONING TO AVOID EMINENT DOMAIN REQUIREMENTS. In a recent Wall Street Journal article it was reported that several cities are using their local zoning laws to avoid the requirement of paying private property owners when their property is taken.
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