When working toward the solution of a problem, it always helps if you know the answer. - Rule of Accuracy
This CD package with corresponding workbook, “Murphy’s Law” - Legal Pitfalls in Real Estate Investing and How to Avoid Them, is specifically designed for the real estate investor. In a survey approach, Mark Kohler explores seven topics without using scare tactics and offers sensible approaches to legal situations in real estate investing. Mark explains a number of complex, legal principles with interesting stories and anecdotes, leaving listeners with ideas and strategies they can implement with their personal planners.
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.
With “Murphy’s Law,” you can tap into the education and knowledge of a practicing Attorney and CPA, representing hundreds of clients involved in real estate investing. This powerful information will provide you with numerous new strategies and tools that you can use in your real estate projects.
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