If you’re in business for yourself, whether it’s real estate or any other kind of business, its pretty much guaranteed that you will need expert legal advice at some point. Believe me, any advance work you can do to get set up for legal help will go a long way toward easing your fears about launching a real estate career. Here is our best recommendation to help you get started.
Why do the dreams of so many aspiring real estate investors turn into nightmares?
The short answer is that there are a lot of bumps on the road to a real estate empire. Now, some of these bumps may not amount to much. But others can create frustration so severe that many disheartened real estate newbies will pull off to the side of the road and kill the engine before theyve hardly even gotten started.
The fact is, real estate investing can be confusing, at least at first. And when beginners try to get answers to their questions, they often find that everyone seems to have a different answer. It can be frustrating to say the least.
And getting legal help is one bump that absolutely cannotbe ignored.
If you’re in business for yourself, whether it’s real estate or any other kind of business, its pretty much guaranteed that you will need expert legal advice at some point.
People almost always have legal-related questions when theyre in the middle of a real estate deal. Lets face it, when theres a deal on the line and you have a 10-page creative real estate contract in front of you and you cant say for sure whether its the best deal you can get, you definitely want someone with the knowledge to be able to look it over and tell you exactlywhat it means.
Here are just a few of the questions that many beginners will have once they start getting involved in deals:
** Who is the granteeand grantorin a closing?
** Do real estate forms have to be notarized?
** What does tenancy in common mean?
** What is the difference in a warrantyand a quitclaimdeed?
** What exactly is a creative real estate contract? Is it legal in my state?
** Im just a beginner; should I incorporate? Which state should I incorporate in?
** What should I do to maximize my tax benefits with my real estate investing?
** I just filed for bankruptcy; how easy is this going to be for me to get started in real estate investing?
Fortunately, there is affordable legal help available. (PLEASE NOTE: I dont get a penny if you sign up for this companys services. I am not an affiliate, and Im recommending it simply because it is in my opinion the best.)
The company is the Federal Chamber of Commerce.It offers one of the most comprehensive and well-structured benefit plans available. The areas covered far exceed what most people get in their own workplace insurance. However, because it is not an insurance company it is strictly a benefits package it can cover a much broader range and can even be used in conjunction with your own insurance.
Here is what the Federal Chamber of Commerce does to help with your real estate and legal concerns. Subscribers have access to a national network of more than 9,000 AV rated attorneys from whom you can get:
** Freewill and testament
** Freelegal consultations
** Freelegal forms
** Freetax advice
** Freefinancial advice
** $99incorporation services
** Savings of25-30 percent on other services
Your benefits include:
** One (1) free initial 30-minute consultation per each new subject matter.
** Member selects telephone or face-to-face consultation.
** Additional time billed at 25-30 percent off provider’s fee.
Just Google the Federal Chamber of Commerce to get the link to their home page.
But let me add this:
I know money is tight in the beginning, so dont feel that if you dont sign up with the Federal Chamber of Commerce that youll have to forget all about real estate investing. But somehow you must get this base covered it is absolutely essential. If you have a family member or friend who is a real estate attorney or accountant or someone you can go to for advice, then great! But most people donthave that luxury and need as much help as they can get when starting out. And that is exactly what this plan is tailored to do.
But please remember that no information from attorneys online can replace a face-to-face meetingor a telephone consultationwith a “real live” attorney about your particular case, problem or question.
So dont ignore it!