In this video:
Here are some of the things that we can help you with.
The worst thing is to get stuck with a property that becomes a money pit. A noncommittal partner who does not uphold obligations as agreed at the onset is also a negative scenario. Nobody wants these outcomes, but they happen everyday. Simple disagreements such as who should pay the taxes or who pays a bad contractor arise consistently in the real estate industry.
Know your legal avenues. Can you represent yourself? Can you recover lost money? It is common to put a lien against a property? If you are an investor can you put a lien against a property? How do you protect yourself from being taken advantage of in residential real estate? Occasionally, we get a phone call for a consultation after the partner has already put you in a stressful situation. We try to mitigate these experiences ahead of time with a consultation. This can save you from becoming that caller who calls after the fact. Don’t let your investment become complicated. We suggest you work out the kinks prior to investing. We can help you navigate documents, resolve/mitigate disputes, and make informed choices.
Yes, you can have an agreement that money will be owed to either party in case of dissolution or other obligations not being met.
You can split profit however you choose; we recommend that it is outlined clearly in your contract.
You can have different profit share, different obligations, different resources used, commitments, dealings with financing and many other things that you might need to consider in creating a good joint venture partnership.
We do deposit money and disperse to parties. Usually this is a security deposit, down payment, or full payment for a property. You would like it safely given to the party, and not run into a scenario, where they say, “They didn’t cash it.” or some other reason or story that sets the transaction back unfairly. These funds are deposited into an escrow account.
We are a San Antonio Real Estate Law firm that offers fixed fee rates for a variety of legal transaction services, including Owner Finance & Wraparound Closings, Foreclosures, Deeds & Releases, Real Estate Contracts, Title Issues & Judgments, Wills & Estates, Probate & Administration, & LLC Formations. If you need help assessing your case give our office a call.
Victor has been doing real estate transactions as a lawyer since 2002 & as an investor himself since 2003. There are a lot of nuances with real estate & we hope that if you have any questions to contact us during regular business hours. Along with being a Real Estate Attorney, Victor is also a Real Estate Broker, making his expertise long standing & efficient.
We are a San Antonio Real Estate Law firm that offers fixed fee rates for a variety of legal transaction services, including Owner Finance & Wraparound Closings, Foreclosures, Deeds & Releases, Real Estate Contracts, Title Issues & Judgments, Wills & Estates, Probate & Administration, & LLC Formations. If you need help assessing your case give our office a call.
Victor has been doing real estate transactions as a lawyer since 2002 & as an investor himself since 2003. There are a lot of nuances with real estate & we hope that if you have any questions to contact us during regular business hours. Along with being a Real Estate Attorney, Victor is also a Real Estate Broker, making his expertise long standing & efficient.
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Located on IH-10 Between Huebner & De Zavala off Woodstone: 11815 W IH-10 #107, San Antonio, TX 78230
Located on IH-10 Between Huebner & De Zavala off Woodstone: 11815 W IH-10 #107, San Antonio, TX 78230
Fields marked with an * are required
Located on IH-10 Between Huebner & De Zavala off Woodstone: 11815 W IH-10 #107, San Antonio, TX 78230