20 | Successful Apartment Ownership Means Having Good Legal Representation

In a past set of articles, I introduced the idea of having a team around you to help build your apartment empire. Since the team is so important to your success as a real estate investor and, more specifically as an apartment owner, I would like to take the opportunity to discuss how to find and use these team members in a little more detail.
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13 | Understanding Corporations, Limited Liability Companies (LLC’s) and Limited Partnerships

The best way to understand a corporation, limited liability company (or even a limited partnership) is to realize that each creates a special legal relationship or privilege between the business owner(s) and the government. These areas of government include:

1. State Government (including state taxing authorities and the state court system)
2. The Federal Government (specifically the IRS and the Bankruptcy court system)

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12 | Understanding Contract Conditions Clauses – For Your Protection!

You may hear conditions clauses being called ‘weasel clauses, or contract contingencies. Conditions clauses allow the buyer or the seller to end the contract upon the happening or non-happening of an event. Your purchase contract (and the one we provide in this program) has several key conditions clauses. This is because in wholesale transactions you will want the right to end the contract or re-negotiate purchase price if the property turns out to be less attractive than you thought.
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28 | Don’t Make These Mistakes With Your LLC or Corporation

A business entity can provide personal liability protection for its owners. The problem is that many people start business without proper instruction on how to run and manage agreements between parties, agreements with customers, internal paperwork, cash controls, voting rules, state and Federal reporting requirements and a host of other issues.
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01 | 5 Types Of Liability Insurance

There are various types of liability insurance coverage offers by the insurance companies.

It is important to get the suitable liability insurance as per your needs. It is most crucial to understand the basics of liability coverage as per your needs.
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