Attorney Florida RE Development Closings Title Insurance Biz Sales. Highest & Best. "He's got this dream about buying some land." UFπ1993. Preaching about RE
Some realtors who regularly use other title cos that don't have atty owners or attys on staff & then they come to me for help for stuff that the other title cos aren't competent to handle & I like to say 'no go back to your non-attorney owned title co I am not your 911 rescue'.π
DiMenna grew up in New Jersey/worked in father's grocery store before joining Marines founded co by selling surfboards from the trunk of his car in 1959. His father told him buy three surfboards & sell two.
'Do not despise small beginnings for Lord rejoices.' Zechariah 4:10
@IngeTingle@realwbmiller TBH I haven't contributed a cent for a long time bc UF has been run like a RICO for over a decade. I contribute my 'thoughts & prayers'. I would (post facto) contribute a comparative pittance to a buyout of Napier if I like new hire decision. I liked Napier at time of hire tho.π
@SamFriedmanEsq Being a MD guy & recruiting the state is great but Maryland has a ceiling in football (I wish that wasn't the case bc I grew up watching Bobby Ross coach them). Florida doesn't have a ceiling (more true than ever in the playoff era). Napier should to be a pastor not a ball coach.
@myonlinetrust The rate itself does not change. $575 for first $100K of coverage then $500 per $100K up to $1M then it starts to flatten again after $1M.
Jerome βToo Lateβ Powell should have lowered rates long ago. As usual, heβs βToo Late!β
(TS: 05 Sep 10:16 ET)βββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββββ
@AdviserCounsel@SMB_Attorney Clarifying, doc stamp tax on real estate sales = 7 mils i.e. $700 on every $100K of price, paid at time of recording. More sales=more tax. More mortgages=more tax. Doc stamp tax on mortgage debt is 3.5 mils, intangible tax is 2 mils on mortgage debt=>$550 on every $100K mtg debt.
@AdviserCounsel@SMB_Attorney The answer is (we hope): Increased revenue from documentary stamp tax from real estate & intangible tax on new mortgage debt (refi boom loading). Also, notably, starting Oct 1, no more tax on commercial rents. More cash in private hands to spend => sales tax. Multiplier effect.
Situations sometimes arise in deals, parties at impasse, can't communicate effectively, often over things that from objective outside party appear irrational as 'deal breaker' items. Gratifying as closing agent when able to 'mediate', get them past each other help get deal done.