Montana real estate law Attorney
Knowledgeable Montana Real Estate Lawyer with a Unique Edge – Accepts Clients Throughout the U.S!
Prior to becoming an attorney, Michael Rabb worked as a real estate and right of way agent in Arizona, working closely with escrow agents, real estate agents, developers and government agencies in the development and sale of raw and improved land. He then obtained his California real estate broker license. This past experience provides an extra layer of understanding for individuals and real estate professionals who retain The Rabb Law Firm, PLLC to help close residential, agricultural and commercial transactions.
Development & Financing of Real Property
Like a stock or bond, the development of land is an investment. The owner of the land, like an investor in the stock market, expects a return on their investment. One feature of real estate, however, that distinguishes it from other investments is that an owner/investor can borrow against the cost of acquiring and constructing their investment. In other words, the owner/investor leverages their investment. The word “Leverage” simply refers to using borrowed capital to invest in something that will have a rate of return higher than the cost (interest) of borrowing that capital.
Financing is real estate’s life-line. Most, if not all, developments are financed, at some point or another. Some financing is for an extended period of time – a 30-year mortgage – other financing can be for a brief period of time – construction loans. The type of loan, the purpose of the loan, and the terms of the loan dictate the investor’s rate-of-return on their investment.
Not only does financing of a development dictate the rate-of-return on that investment, but various laws and regulations can have a serious impact on the investor’s bottom line. Development of real property in Montana and many other states is heavily regulated. The development could be subject to subdivision laws, will be subject to land/use law, and could require compliance with certain building codes and environmental regulations; like those imposed by the Montana Environmental Policy Act (MEPA), for example. Understanding what potential hurdles the develops will encounter is essential to protecting your investment and ensuring that that the rate of return will exceed the cost of borrowing the capital.
Nationwide, developers and lenders alike look to The Rabb Law Firm to help guide them through real estate financing and development process. Call The Rabb Law Firm, PLLC to discuss your development needs today. (406) 404-1747
Contact The Rabb Law Firm, PLLC to Get Started
For most people, the transfer of real property is the most significant financial transaction they will make in their life. Whether you need guidance through the purchase and sale of your home, farm, ranch, or commercial property, or if issues arise after the transaction closes, The Rabb Law Firm, PLLC can provide you with the legal help you need.
The Rabb Law Firm, PLLC is committed to providing customized legal representation to people in Bozeman, Montana and throughout the United States. Call (406) 404-1747 to learn more.
The Rabb Law Firm counsels workers in Bozeman, Montana and nationwide struggling with title issues. Many title related issues are complex. The Rabb Law Firm offers free consultations to determine whether our firm will meet your needs. For document preparation, research, and consultations including legal advice, our normal rates apply.
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Assess your legal needs and ensure our firm is the right fit for you. Our staff will help you schedule an appointment and determine whether your issue qualifies for a free consultation.
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Complete the process of hiring the firm so we can get to work on representing your personal injury needs.
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We pride ourselves on thorough work. After identifying your issue and researching all related documents, we will identify and explain the necessary steps to resolving your title concerns.
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Take the final steps to resolving your concerns. Every title issue is different, so whether your issue requires litigation or a simple document recordation, we can help see your issue through to completion.