Todo lo que Debes Saber Antes de Comprar una Propiedad en Miami | Ricardo Terán

In this episode of Miami Unlocked, we talk with Ricardo Terán, president of Folio Title Company, about one of the most important—and least understood—topics in the U.S. real estate market. Discover what a title company actually does, how to protect your money during a purchase, what risks exist in a real estate transaction, and why this process can make the difference between a safe investment and a major problem. We also discuss buying property with cryptocurrencies, how the 1031 Exchange works for legally deferring taxes, new trends in the Florida real estate market, the future of digital money, and Miami's evolution as one of the fastest-growing cities in the world. If you're an investor, a real estate agent, or are thinking about buying property in the United States, this episode is full of information that can help you make better decisions. In this episode you'll discover: • What a Title Company actually does. • How to protect your money during a real estate closing. • The most common mistakes when buying property. • How title insurance works. • Buying real estate with Bitcoin and other cryptocurrencies. • What is the 1031 Exchange and how can it help you pay less in taxes? • The future of the Miami real estate market. • Tips for entrepreneurs and investors. 🔔 Subscribe for more conversations with experts about investing, business, and the Miami real estate market. 🔗 Connect with Ricardo Terán: Instagram: /   / ricardoteranteran   🔗 Connect with Lorena Amaro: Instagram: /   / lorenaamaro_realtor   🔗 Connect with Ramón Rodríguez: Instagram: /   / realtor.ramonrodriguez   🔗 Connect with Miami Unlocked: Instagram: /   / miamiunlocked_podcast   ____ 00:00 The difference between failing and learning 00:21 Welcome and introduction by Ricardo Terán 02:30 Starting a business, failing, and starting over 05:58 What does a Title Company really do? 08:55 How they protect your money during a purchase 10:39 Researching a property's legal history 13:27 The most important role: accompanying the client 16:13 Why Folio Title is different from the rest 17:40 Values, trust, and customer service 21:26 Buying properties with cryptocurrencies 23:01 How they verify the origin of money in Crypto 26:40 How a real estate purchase with Bitcoin works 29:31 The future of cryptocurrencies 33:18 Digital wallets and the new generation 34:08 Will cash disappear? 36:30 What is a 1031 Exchange? 38:12 How to legally defer taxes 42:24 1031 Exchange rules 45:05 How to build wealth with this mechanism 46:22 Property taxes in Florida 49:31 Will they eliminate property taxes? 53:20 How Miami has changed in recent years 56:00 Miami as a global city 58:00 Miami's future for investors