Real Estate Law & Asset Protection for Texas Real Estate Investors

( 4 )

Overview

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 ...
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Overview

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 LoneStarLandLaw@aol.com.

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

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Product Details

  • ISBN-13: 9781622873951
  • Publisher: First Edition Design Publishing
  • Publication date: 9/11/2013
  • Pages: 324
  • Sales rank: 390,704
  • Product dimensions: 6.00 (w) x 9.00 (h) x 0.68 (d)

Meet the Author

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
Read More Show Less

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Sort by: Showing all of 4 Customer Reviews
  • Anonymous

    Posted October 14, 2013

    As a small business attorney who does a good deal of real estate

    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.

    - VK08

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  • Anonymous

    Posted September 30, 2013

    I am a Texas real estate attorney and still use Mr. Willis as my

    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. 

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  • Anonymous

    Posted September 26, 2013

    I am a Texas Real Estate Attorney and I am familiar with David W

    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."

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  • Anonymous

    Posted September 24, 2013

    Great book! Informative and entertaining. Nothing else like it o

    Great book! Informative and entertaining. Nothing else like it on the market.

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