How to Build Near Wetlands | Land Conservation in MA

If you want to do a project on your property but you know you have wetlands nearby, there are a few steps you have to take before moving forward with any construction.

Firstly, you’ll want to get in touch with your local Conservation Commissioner’s office. They will be able to advise you on all the requirements you need to meet in order to complete your project.

Once you get that squared away, you can file a Notice of Intent, or an application filed with the commission and the help of your attorney or engineer. An engineer will coordinate all the details in accordance to your town’s laws about buffer zones.

When you attend a hearing, the board will grant or deny you permission for your project. They will also give you guidance on how to execute it properly.

But be careful to remember this process alone does not grant full approval. To learn about the importance of the Notice of Intent and the As-Built Plan, as well as how to fully complete the process from beginning to end, check out this week’s video!

Did you know Mark is participating in the PMC again this year? Care to donate? http://profile.pmc.org/Mark-Stiles

Copyright © 2021 Stiles Law, All rights reserved. Stiles Law is a Massachusetts licensed law firm and all content is based on Massachusetts law. The information presented above is meant to be used for general informational purposes and it should not be construed as legal advice or legal opinion on any specific facts.

Real Estate Investing for Beginners

Getting involved in real estate can be an amazing way to dip your toes into the world of investing and maybe even start making continuous passive income. But where do you even start?

First, consider what your goals and methods will be. If you’ve started to take notice of run-down real estate and you’re interested in adding value to a distressed property and then letting go of it, you might be a house flipper. If you’d rather buy property to hold onto and rent out, landlording might be in your future.

No matter which way you choose to invest, it’s imperative to build a strong team to support you, including a real estate agent, mortgage professional, CPA, financial advisor, and a real estate attorney (we know a few of those).

For more on the flipping process, misconceptions about investors and concerns on becoming a landlord, tune in to this week’s video.

Schedule a strategy call at calendly.com/mstiles

Copyright © 2021 Stiles Law, All rights reserved. Stiles Law is a Massachusetts licensed law firm and all content is based on Massachusetts law. The information presented above is meant to be used for general informational purposes and it should not be construed as legal advice or legal opinion on any specific facts.

What is the CPA on a MA Real Estate Tax Bill?

Massachusetts has so many amazing maintained trails, parks and historic sites across our communities. Does your town have beautiful, public community spaces outdoors for everyone to enjoy? Are you aware that you might be helping maintain them without even knowing it?

Over half of Massachusetts towns have a real estate tax surcharge under the CPA—or Community Preservation Act, that goes toward the support of public open spaces, walking trails, dog parks, recreational facilities and even more.

Each town appoints a board to oversee the Community Preservation Fund. If you have an idea for your community, as a citizen of your town, you have the ability to take action and lead your own committee to direct those funds into a project by entering into a public private partnership with the board and doing some fundraising of your own to boost the small tax fund.

So next time you see that mysterious fee, you can feel confident that it’s enriching your community and making it a better place to live.

What are some of the community spaces you’re proud of in your town?

Copyright © 2021 Stiles Law, All rights reserved. Stiles Law is a Massachusetts licensed law firm and all content is based on Massachusetts law. The information presented above is meant to be used for general informational purposes and it should not be construed as legal advice or legal opinion on any specific facts.

Purchasing Real Estate with Cryptocurrency

 

Is cryptocurrency the moolah of the future? Is it even real?

It’s becoming increasingly apparent that crypto is here to stay.

But can something so seemingly abstract be used to buy something as concrete and tangible as real estate? Technically… yes. If the agreement is made between buyer and seller on this consideration, it is feasible.

However, of course there are hurdles because of the taboo surrounding it. Mainly, obtaining loans and title insurance is nearly impossible with a crypto purchase, unless it gets transferred into cash first.

Right now there are lots of restrictions, but it may not stay that way forever. To find out a bit more on cryptocurrency as an asset, check out the video.

Copyright © 2021 Stiles Law, All rights reserved. Stiles Law is a Massachusetts licensed law firm and all content is based on Massachusetts law. The information presented above is meant to be used for general informational purposes and it should not be construed as legal advice or legal opinion on any specific facts.

Help! I Accepted COVID-19 Forbearance

It’s no secret that this year was challenging for a lot of reasons. People lost jobs, security, loved ones, and we’ve had to re-think and re-learn a lot of things about life.

Perhaps you ran into a bind and were forced to accept your lender-offered forbearance… but what if you’re still not ready to continue payment? Now what?

That’s where the team at Stiles Law comes in. We’re ready to help you decide on the best next steps and facilitate communication with the right people to get you back on track.

For example, you might benefit from a Comparative Market Analysis of your property to reveal any home equity you may have.

It can feel like a heavy burden to bear, but we’re here. Take the first step and make a calendly appointment at calendly.com/mstiles for a free strategy session.

Copyright © 2021 Stiles Law, All rights reserved. Stiles Law is a Massachusetts licensed law firm and all content is based on Massachusetts law. The information presented above is meant to be used for general informational purposes and it should not be construed as legal advice or legal opinion on any specific facts.