This book cuts through the confusion that pervades today's real estate investor's understanding of asset protection. It provides in-depth, easy to understand analysis of different asset protection entities as they relate to real estate investing.
This book is a pragmatic and creative approach to legal and asset protection issues faced by investors in Texas real estate, particularly investors in residential and smaller commercial properties. It is not intended to be a textbook or comprehensive academic treatise. Rather, it contains practical perspectives and techniques developed over the years in the course of advising and representing investors. Since there are usually as many opinions as there are lawyers in a room, it should be no surprise if other lawyers disagree with at least some of my conclusions. In response, I would point out that there is nothing theoretical in this book. Every strategy I describe has been tried and has succeeded in the real world. Having said that, every reader should consult his or her attorney prior to implementing any of my suggestions in order to insure compatibility with individual circumstances. Business plans vary and so do investments and asset protection strategies. This book does not offer legal guidance to any particular person with regard to any particular case. Note also that the law changes and evolves, often rapidly. While cases and statutes are cited in this book, the reader should do independent research to ascertain the current status of the law before relying on any of these citations. If you are a real estate investor who owns (or aspires to own) 10, 20, or 50 or more properties, then you should consider reading this book. If you use creative methods such as wraparounds and "subject to" transactions then you may find this volume very useful indeed. However, if your goal is to assemble an international consortium to purchase Rockefeller Center or Trump Tower, then this is probably not the volume for you. All real estate investors should form the habit of doing thorough due diligence prior to investing in real estate. This includes consulting attorneys, accountants, insurance advisors, and other qualified professionals on overall methods and goals as well as specific transactions. Every investor should have a team of seasoned professionals available to answer questions, offer input, and provide customized services. A professional investor will also acquire a basic level of competence in searching and obtaining information and copies from real property and appraisal district records. On the subject of transactional documentation, I urge readers to avoid most standard forms, especially those obtained from the Internet, except for contracts and addenda promulgated by the Texas Real Estate Commission and the Texas Association of Realtors. Consider all others suspect. Lastly, it has been my experience that good ethics make for good business. Avoid any transaction that even hints of fraud or deception. If it appears too good to be true it probably is. I welcome comments and criticism. I can most easily be reached by email at [email protected] David J. Willis Author Bio: 30 years' experience in Texas transactions and litigation Board Certified - Residential Real Estate Law, TBLS Board Certified - Commercial Real Estate Law, TBLS AV rated for ethical standards and professional ability Two law degrees (J.D. and LL.M.) Former adjunct law professor Licensed Texas real estate broker Listed as one of Texas' Top-Rated Lawyers by Law.com keywords: Real Estate Law, Texas Asset Protection, Texas Real Estate, Investors, LLC Formation, Texas, Nevada, Lawyer, Willis, Legal
This book is a pragmatic and creative approach to legal and asset protection issues faced by investors in Texas real estate, particularly investors in residential and smaller commercial properties. It is not intended to be a textbook or comprehensive academic treatise. Rather, it contains practical perspectives and techniques developed over the years in the course of advising and representing investors. Since there are usually as many opinions as there are lawyers in a room, it should be no surprise if other lawyers disagree with at least some of my conclusions. In response, I would point out that there is nothing theoretical in this book. Every strategy I describe has been tried and has succeeded in the real world. David J. Willis 30 years' experience in Texas transactions and litigation Board Certified - Residential Real Estate Law, TBLS Board Certified - Commercial Real Estate Law, TBLS AV rated for ethical standards and professional ability Two law degrees (J.D. and LL.M.) Former adjunct law professor Licensed Texas real estate broker Listed as one of Texas' Top-Rated Lawyers by Law.com
Your Guide to Become A Millionaire Investor. Investment Strategies For Closing Deals and Accumulating Wealth With Property Management and Rental Income
Author: Travis Goleman
Pubpsher: Zen Mastery
Category: Business & Economics
Rеаl estate investment iѕ a grеаt opportunity to earn profits аnd gеnеrаtе a саѕh flow. Thеrе iѕ a slight difference bеtwееn real еѕtаtе invеѕtmеnt аnd оthеr tуреѕ оf invеѕtmеnt. Rеаl еѕtаtе invеѕtmеnt саn bе categorized аѕ a lоng-tеrm invеѕtmеnt or short-term investment. Good rеаl estate invеѕtоr has аbilitу tо invest in real еѕtаtе at right time. Rеаl estate investment requires рrореr knowledge аnd соnсеntrаtiоn tо invеѕt in gооd рiесе оf land. Sometimes hеаvу investment gives wrоng rеѕultѕ in thе future аnd ѕоmеtimеѕ with a ѕmаll invеѕtmеnt уоu can еаrn mоrе. Investors ѕhоuld be аlеrt at thе time оf invеѕtmеnt in real еѕtаtе. If уоu'rе gоing tо rеnt уоur рrореrtу уоu should hаvе sufficient knоwlеdgе аbоut tenant рrоblеmѕ and rеԛuirеmеntѕ оf tеnаntѕ. Yоu ѕhоuld bе аwаrе оf аll finаnсiаl аѕ wеll аѕ lеgаl requirements fоr your rеаl еѕtаtе. Invеѕtmеnt gоаlѕ аrе thе рrimаrу fасtоr for real еѕtаtе investment. This book will give you the necessary knowledgeto to dесidе what are your invеѕtmеnt gоаlѕ and know what you want to dо with уоur rеаl еѕtаtе.
Release on 2011-02-09 | by Peter Conti,Peter Harris
Author: Peter Conti,Peter Harris
Pubpsher: John Wiley & Sons
Category: Business & Economics
Thinking about becoming a commercial real estate investor? Commercial Real Estate Investing For Dummies covers the entire process, offering practical advice on negotiation and closing win-win deals and maximizing profit. From office buildings to shopping centers to apartment buildings, it helps you pick the right properties at the right time for the right price. Yes, there is a fun and easy way to break into commercial real estate, and this is it. This comprehensive handbook has it all. You’ll learn how to find great properties, size up sellers, finance your investments, protect your assets, and increase your property’s value. You’ll discover the upsides and downsides of the various types of investments, learn the five biggest myths of commercial real estate investment, find out how to recession-proof your investment portfolio, and more. Discover how to: Get leads on commercial property investments Determine what a property is worth Find the right financing for you Handle inspections and fix problems Make big money in land development Manage your properties or hire a pro Exploit the tax advantages of commercial real estate Find out what offer a seller really-really wants Perform due diligence before you make a deal Raise capital by forming partnerships Investing in commercial property can make you rich in any economy. Get Commercial Real Estate For Dummies, and find out how.
The Loopholes of Real Estate reveals the tax and legal strategies used by the rich for generations to acquire and benefit from real estate investments. Clearly written, The Loopholes of Real Estate shows you how to open tax loopholes for your benefit and close legal loopholes for your protection.
The ads are everywhere. US real estate at rock-bottom prices. Posh homes in gated communities devalued 50% from a year ago. US real estate agents with nowhere to go in their own backyard are targeting Canada and other countries to attract buyers to the land of the foreclosed and the home of the bushwhacked. As the US housing market remains in crisis and foreign currencies increase in strength relative to the US dollar, foreign investment into real estate in America is reaching new highs, particularly in the sunbelt states. The opportunity to invest in these properties, either as an investment property or a vacation home, is made even more attractive in light of the record number of distressed properties (AKA foreclosures) on the market or in the pipeline due to high levels of unemployment in the US, high consumer debt, and ongoing fallout from the subprime crisis. But what does "opportunity" really look like? What due diligence must an investor do to buy with confidence? What are the pitfalls? The legal and tax considerations? While the property and price may look good on paper, how can you ensure that your investment is a sound one? Philip McKernan and his crack team of experts teach you everything you need to know about investing in distressed properties in the United States, including sourcing distressed properties; building the right team of real estate agent, finance expert, lawyer, and accountant; understanding the tax and legal issues; and having an exit strategy. Make sure you're getting the best deals possible and avoiding any nasty surprises. Be prepared and aware, with Fire Sale: How to Buy US Foreclosures.
Release on 2009-12-22 | by Don R. Campbell,Peter Kinch,Barry McGuire,Russell Westcott
Author: Don R. Campbell,Peter Kinch,Barry McGuire,Russell Westcott
Pubpsher: John Wiley & Sons
Category: Business & Economics
Investing in real estate in Canada has never been more popular. From Vancouver to Halifax, Canadian investors--both novice and veteran--are generating wealth through one of the best investment vehicles available. On the heels of the hugely successful Real Estate Investing in Canada (0-470-83588-5), Don Campbell returns with a digest of strategies and advice for the investor, gleaned from the experience of four leading mortgage, finance, legal and investment experts. 97 Tips for Canadian Real Estate Investors will be an essential addition to every real estate investor's library. Filled with proven, real-life Canadian-specific examples and strategies, all readers will find this book to be one of the best and most valuable investments that they will ever make.