How to Buy a NNN Property in Florida
Hi, my name is Alex Casablanca, Managing Broker at Casablanca Triple Net Lease Advisors. We are a boutique brokerage firm based in Orlando, Florida specializing in Selling NNN Investment Properties Nationwide USA. We represent Buyers, Sellers and 1031 Exchange investors in finding and negotiating the best NNN property according to their investment goals and risk tolerance.
Today I’m going to talk to you about How to Buy a NNN Property in Florida. The state of Florida is the investor’s preferred location for their NNN Investment and 1031 Exchange replacement property. The main attraction for buying NNN Properties for Sale in Florida is that Florida is a No Income Tax State, in which the passive income is not subject to state taxes. A strong economy, strong population growth, and all-year-long warm weather are some of the other considerations of investors to invest in Florida.
But now the questions is, how to buy a NNN Property in Florida. Here are 6 simple steps on how to buy a NNN property in Florida.
- Hire a knowledgeable and experienced NNN Buyer’s Broker that is based in Florida with comprehensive knowledge of the Florida market and with an extensive listings of NNN Properties available for sale in Florida. Your Buyer’s broker must have an extensive knowledge and experience in the Florida market, so you can have access to the most extensive list of properties available.
- Define your Investment Criteria – Your investment criteria is comprised of several important key elements, such as: your Price Range, Cap Rate Expectations, Risk Tolerance, Target Locations, Tenants of Interest, Years Remaining on the Lease, Lease Guarantor, among others.
- Start Looking for Properties that are in line with your investment criteria. As your Buyer’s Broker we will do that job for you. We will assist you with market research, property evaluation and selection, offer submissions and negotiations, due diligence, and closing. We work quickly and decisively towards finding for your consideration as many properties as possible within your criteria.
- Start submitting Offers for the property or properties that most closely match your criteria. As your Buyer’s broker we will do that job on your behalf as well. Once you decide the price that you want to offer, we put together a Letter of Intent for your signature, then we will submit it to the Seller and will negotiate the offer on behalf of you.
- Hire an experienced Real Estate attorney with previous experience with NNN transactions. Once your offer is accepted, your attorney will review the Purchase Agreement, the Lease, the Title, and the rest of the due diligence documents on your behalf.
- Close on your NNN Property in Florida – Once the Purchase Agreement is signed, and the due diligence period is complete, you are now ready to close on your transaction. The title agent will circulate copies of the closing statement before closing, you will review it with your attorney and then you will be ready to close.
Although Buying a NNN Property could be seen as stressful and overwhelming, the key is to start early and hire the key competent professionals to assist you. If you do that, the process can really become really straightforward and stress-free.
At Casablanca, we are a Florida Licensed Real Estate Broker. We have extensive knowledge and experience in the NNN Florida market with over $100 million in NNN transactions closed in Florida, and we can guide you as well through a successful NNN property acquisition in Florida. We will assist you from the early stages of market research, identifying potential properties, submitting offers and negotiating them, due diligence, up to the closing table. We have helped many NNN Buyers and 1031 Exchange Investors in finding and negotiating the best property according to their investment goals and risk tolerance.
Moreover, we represent our Buyer’s for Free since we get paid from the Seller, so you get our expert advice and representation at no additional cost to you. In addition, and We pay for our Buyer’s Closing costs up to a maximum of $10k. This incentive will offset or cover completely the major Buyer’s closing costs expenses such as Title Fees, Attorney Fees, Recording Fees, among others. We are the Brokers that give you more in exchange for your trust.
If you have any questions about how to buy a NNN Property in Florida or in any other state feel free to contact me directly at 407-205-7570 or you can also email me at [email protected]. Feel free to call me anytime at your convenience, I’m always available for my clients. Thank you very much for watching this video and I’m looking forward to being your Broker in your next property acquisition in Florida.