Murphy's Law™

Legal Pitfalls in Real Estate and How to Avoid Them™

Explore sensible advances to legal situations in real estate investing, specifically designed for real estate investors, and come to understand complex legal principles that you can apply in your life.

Topics include:

• The legal differences between various types of entities (e.g. a Limited Liability Company, a Corporation, Limited Partnership, etc.) and advice as to which one may be best suited for real estate investors or professionals;
• Partnerships and Joint-Ventures, including provisions that partners should include in their partnership Agreements;
• Coordinating a real estate investor’s estate plan and business plan, and exploring the nuances between a will and trust and the effect of real estate in a decedent’s estate;
• Asset Protection Strategies and a straightforward, cost-benefit analysis as to which types of strategies could actually be legal pitfalls;
• The basics of Buy-Sell Agreements between partners in real estate projects and how death, disability, divorce or partner’s departure can be handled in creative ways;
• Contracts for the purchase and sale of property, including construction contracts and problems that can be avoided by drafting the proper types of contracts;
• Lease Agreements in commercial and residential rental scenarios, as well as strategies and clauses that every landlord should consider.