Saturday June 24th 2017

Join Us On

join the IRREIA linked in group

‘Legal Planning’ Archives

IRREIA is Proud to Sponsor Our New Book Coming Very Soon

IRREIA is Proud to Sponsor Our New Book Coming Very Soon

IRREIA is in the final stages of publishing our first Ebook for our readers and members.  This volume offers over 250 pages of actionable ideas to improve your investing and property management skills and results.  Divided into 7  sections, the  book covers: Developing investors, Investor communications, Reducing operating [...]

An Investors Market, but Beware

An Investors Market, but Beware

Housing starts are up.  Borrowing costs are down.  Corporate profits are surging.  And, there has never been a better time to buy rental property (at least not in the past 20 years) according to an MSBNC article published yesterday. Investors opportunity is even better because foreclosures are surging as banks get serious about working off [...]

You Bought It… Now What

You Bought It… Now What

So, you identified the project.  The market research and other due diligence checked out.  You even reached terms that suited you.  So what now?  If you don't create a successful management plan you'll soon experience your first real estate failure.  Or, perhaps you've had several investments already.  Are you getting all from these projects [...]

Identifying a Good Deal

Identifying a Good Deal

Investors are always looking for a good deal.  And, often when they make this statement, our thoughts turn naturally to price.  I think we are well served to look at this a bit differently.  We ought first to identify a good property and then determine if price and terms can be met. How do we do this and what are we looking for? To begin [...]

A Plan to Complete a Successful Residential Investment

A Plan to Complete a Successful Residential Investment

Many investors become put off completing an investment by the details of completing the process.  This week we are adding a page to help prospective investors "Eat the Elephant".  Like the old adage says, the elephant is eaten one bite at a time. To complete an investment, there are some distinct steps to wade through.  Unfortunately, this [...]

New Stuff!!! – Acquisition & Operating Cost & Expense Checklist

New Stuff!!! – Acquisition & Operating Cost & Expense Checklist

IRREIA is pleased to announce this new tool.  This tool will accomplish several critical items for the investor including: Ensure key investment activities are not overlooked, Assist assuring a fully funded project, Assure a complete understanding of expenses to operate and to close thus providing a stronger basis for value, Give [...]

Letter of Intent

Letter of Intent

The purpose of a letter of intent (LOI) is to agree to the major business terms of a project under the idea that such an agreement does not require significant legal intervention and can save time and money  for both  parties.  If complete enough, a letter of intent may  even serve to allow initial due diligence on an investment purchase.  [...]

The Sales Contract and Residential Investment Due Diligence

Understanding the pitfalls and opportunities of the sales contract are critical residential investing skills. Often buyers take the sales contact for granted assuming that all parties are acting in good faith.  This can be an extremely costly choice.  Instead, investor security requires viewing and acting on the negotiation, development, [...]

General Guide to Multifamily Investment Due Diligence

Successful multifamily investment requires careful consideration of a range of areas supported by carefully prepared information, research, and analysis for these areas. This is known as the due diligence process. A well executed due diligence assures appropriate funding, strengthens the total financial plan and therefore potential returns, and [...]