A recent Wisconsin law change in Wisconsin has a big impact for those interested in investment property in Wisconsin. As part of the Wisconsin biannual budget signed into law in September 2017, the State of Wisconsin has discontinued its “rental weatherization” program. This program required either a Seller or Buyer of residential real estate to

I’ve never really gotten on the Zombie movie and TV show bandwagon. I think it’s because they’re just so far-fetched, that it’s difficult for me to buy into the premise. When it comes to the reality of the Zombie Property Apocalypse though, it’s a completely different story. You may have read or heard about “Zombie

A Federal Appeals Court ruled earlier this month that an S-Corporation’s rental income from a leairs[1]se agreement with a C-Corporation with entirely common ownership with the S-Corp, could not be classified as passive activity income, and therefore could not offset the individual’s passive activity losses.

Internal Revenue Code section 469 was passed in the

Property Condition Reports have been used for a long time with regard to Wisconsin residential real estate. They are also used in commercial and other real estate transactions, but not because they are required by law, but because they are negotiated between the parties. Now that is all changing with respect to vacant land sales

Picture of Cancun Beach
Sunny Cancun

I recently had an opportunity to represent a client who was selling a condo in Cancun, Mexico. I got quite an education as to how real estate transactions are handled in other countries, and became very thankful that I practice in the U.S.

Such transactions become tricky because the Seller wants to be sure to get his/her money, while the buyer wants to be sure to get clear title and be fully protected as the owner, before giving up the payment price.

In Mexico, real estate transactions occur before a Notary Public, a government appointed official who does much more than certify the correctness of signatures on a page. I found it indispensible to obtain co-counsel who practiced in Mexico and was familiar with such closings. Co-counsel actually traveled to Mexico to do the closing, as well as establish an escrow with a U.S. based title company to assure the funds would be available when the clear title was transferred and the transaction was completed by and before the Notary Public.

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