And why they are super important to ask
All real estate investors are faced with challenges. Believe us, there will always be something new to learn or some new issue to consider, or maybe a major fire (literally and figuratively) that needs your attention. That’s why we want to encourage our investors to develop a strong knowledge base, smart business plan, and a strong team to help you succeed.
Part of learning is asking questions… that’s why we decided to spend the November meeting focused on all the questions we know you’re dying to ask. Our panel of legal experts will be able to help address your concerns and save you hundreds of dollars on legal consultation fees in the meantime.
So to inspire you to get thinking we’ve compiled 5 of the most representative questions investors ask us and why they are important to ask.
- Why do I need to hold my personal assets in a trust or LLC?
Protecting your personal property is a must and the best way to do that is to really spend time developing a comprehensive asset protection plan. Ever heard the phrase “own nothing… control everything?” It needs to be your personal motto.
- How do I evict a delinquent tenant?
Carefully. And by following the landlord tenant law to a tee. Eviction is an easy legal process to screw up if you’re not aware of your state’s laws surrounding the issue.
- How do I file my taxes?
Not understanding the intricacies of tax law is pretty darn common but it’s paramount that your tax documents are accurate and filed correctly. Avoiding them or submitting a ‘guesstimated’ return is a huge liability.
- How do I know if this is the right deal for me?
You should have set criteria when it comes to analyzing a deal. Plus… you should have a pretty good idea of what reasonable ROI looks like for your business. Knowledge and strategy is key.
- What does this lending contract actually mean for me?
If you don’t understand the lending terms… you can’t be sure you’re going to see any ROI. What’s more, you don’t know if you are getting a decent financing deal. When it comes to borrowing or lending money there should never be any lingering questions on the table.
Want detailed answers to these questions and many more? Join us at the November ICOR meeting.
90 Questions in 90 Minutes: Real Estate Legal Panel
Logistics & Information:
Tuesday, November 10th
Colorado Springs Monthly Meeting – 90 Questions in 90 Minutes: Real Estate Legal Panel
Wednesday, November 11th
Denver Monthly Meeting – 90 Questions in 90 Minutes: Real Estate Legal Panel
Thursday, November 12th
Northern Colorado Monthly Meeting – 90 Questions in 90 Minutes: Real Estate Legal Panel