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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 LoneStarLandLaw@aol.com.
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
keywords: Real Estate Law, Texas Asset Protection, Texas Real Estate, Investors, LLC Formation, Texas, Nevada, Lawyer, Willis, Legal
Posted October 14, 2013
As a small business attorney who does a good deal of real estate transactions, I can say with confidence that David Willis is the leader in this field.
Posted September 30, 2013
I am a Texas real estate attorney and still use Mr. Willis as my go-to expert in the areas detailed in his book.
His book is the best reference out there on need-to-know real estate law in Texas, for both practitioners and investors alike.
Posted September 26, 2013
I am a Texas Real Estate Attorney and I am familiar with David Willis' area of expertise. David is my "GO-TO" Attorney when I depend on correct answers given the complexity of what I may be working on. I rely heavily on David's advice knowing that he is a knowledgeable and trust-worthy resource. If David wrote it and you read it, you can depend on it! I highly recommend his new book "REAL ESTATE LAW & ASSET PROTECTION FOR TEXAS REAL ESTATE INVESTORS."Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.
Posted September 24, 2013