Legal Question in Real Estate Law in Florida

how to purchase an investment rental property in florida

i would like to purchase a manufactured house in a mobile home park in florida i am over 55 which is a requirement.my daughter is actually the one that will be buying it but she is not old enough per age requirement . can this be done without putting my name on the property as owner or could we putit in a trust or what other vehicle could be used to purchase this property as a rental. i have to be involved in the purchase because of age restriction but i do not want my name on this property please advise. thankyou


Asked on 11/15/06, 1:32 pm

1 Answer from Attorneys

Re: how to purchase an investment rental property in florida

This is really a matter of FL law and the restrictions in the master deed and association. The over 55 provisions usually relates only to the occupier not the owner. Your daughter can probably set-up a trust to own the property. You should direct your question to a FL attorney who is going to need to see the Master Deed and other restrictions. I am sure that you are not the first person in this position and the community you are looking to buy probably can answer your questions easily.

Good Luck.

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Answered on 11/15/06, 2:33 pm


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