Archive for June, 2016

About Real Estate Partnerships: Mentors in Real Estate Investing.

Changes in the real estate market create new niches and investment strategies. One must be able to work well with the changes as this is one area of investing that is constantly changing and updating. If you are new at real estate investing, you should begin working with a mentor and complete some transactions with a partner to reduce your financial and liability risk. A mentor will help you to avoid the common mistakes made by many real estate investors. Begin to educate yourself; do some research on the internet, attend seminars and join a real estate investing firms in Westlake Village, like Van Etten Sipprelle LLP.

What should you look for in a real estate partner or mentor?

The first and most important issue are finding someone who you can work well with; someone who shares some of your interests and goals in succeeding in real estate investing. Your first real estate partnership should be worked with someone who will also be a good mentor; someone with years of active experience and one who is successful. Meet as many real estate investors as you can; talk to them about what they are doing and how it is working for them. Many experienced investors are looking for partners; some are looking for new people to mentor.

Of course, you’re looking for a partnership with someone who can be trusted and one who is successful. But there is so much more to real estate investing than just knowing the investors. There are many people you need to know, including investors, realtors, brokers, builders, property managers, home inspectors, title companies, lenders and insurance providers. A successful investor already has these resources in place.

A partner or mentor with years of active experience will know how to structure each deal. He should be able to show you previous deals he has worked where he consistently showed profits. He should be able to show his experience using different exit strategies, for example, short-term transactions, like wholesaling; and long-term transactions, like land contracts and lease purchases.

What do you expect out of a real estate liability partnership?

When you find your mentor, a real estate partnership will naturally form. Mentors like to work partnership deals while they show you the ropes; there’s no training like hands-on training. Do you know what you are looking for in a real estate partnership? How much involvement do you want in the financial investment and management responsibilities? Are you looking to be a very active partner or one who stays behind the scenes? Are you interested in commercial or residential real estate? Are you looking to invest in rural, urban or suburban areas? What type of real estate deals are you the most interested in; wholesaling, holding for cash flow, or is there another niche in today’s market, like short sales, that interest you?

Once you worked out the financial and worked responsibilities, discuss the profit split and how and when you will be paid. When will you begin to see a profit? How much do you invest now? What are the risks?

Liability exposure is something to be considered in the real estate investing world. Will the partnership be set up as a corporation or limited liability company? Will your personal assets be protected should something go wrong? Be sure to address these issues with your partner.

A good mentor will make sure you understand all the important matters before you begin investing. He will explain how the partnership will be set up, what your financial investment will be and your degree of involvement. He will also cover the profit split and explain the financial risks and liability risk of each deal.

To the average person, real estate is a shaky market, and one should think twice about investing in property now. The experienced real estate investor sees things in a much more positive light. There is a very high supply of bank-owned property, known as REO property, foreclosed homes, pre-foreclosed homes, motivated sellers and much more. The demand for these homes is relatively very low; therefore, real estate values are down, and houses can be bought cheap. According to simple economics, the laws of supply and demand, this is a great time to begin investing in real estate.

If you’re very new at the game, you will want to educate yourself and find a good mentor who will work deals with you in a partnership. Join your local real estate investors association, attend workshops and meet other people who have been successful investing in real estate. Get to know the investors in your area who share your interests and find a good person to work your first real estate transactions with.

brain injury

The most complex case a plaintiff’s lawyer can face is one where his client suffers a brain injury as a result of an accident. It is difficult because 9 out of 10 traumatic brain injury cases involve injuries that are not visible to ordinary people. So how will a jury believe that your client suffered a brain injury?

Obviously there are the straightforward brain injury cases where the plaintiff suffered a fracture to his or her skull and all experts agree that there was organic damage which is causing the plaintiff’s symptoms.

The problems lie in the case where the physical damage does not show up on CT scans or MRI’s. The plaintiff often looks normal, and this appearance can be terribly deceptive. He or she may speak well, and this is an even greater problem to overcome. But the brain, like an atom if broken or split, causes an explosion of misery and pain that is horrendous. When the brain is damaged, there is no tool available for the surgeon to come and fix it. We depend on nature and nurture and the ability to compensate.

Family and friends of the person who suffered a brain injury will feel the devastation sometimes as much or more than the injured party.

The overall objective for a lawyer in a brain injury case is to convince a jury that an organic injury has occurred, that it is permanent, and that it is the main reason for your client’s impairment.

As much has been written with respect to proving liability, economic loss and family loss related to a negligence case, this paper is only intended to cover aspects of preparing a brain injury case for trial.

Taking the Case

Agreeing to take a brain injury case is a dramatic investment for a lawyer in many ways.

Finally, the lawyer should satisfy himself or herself that the client has a genuine injury by examining the most reliable evidence. It is essential to speak to the family members and friends closest to your client in order to find out how your client was before the accident. In brain injury cases, you will often hear that your client was high functioning before the collision and now is unable to concentrate in a busy environment. They may also tell you that your client is no longer the same person, lacks motivation and fatigues easily. Finally, you are told that your client’s personality has changed, gets frustrated easily and lacks confidence, traits rarely displayed before this accident.

kindly feel free consult Benson, Bertoldo, Baker & Carter, a personal injury law firm located in Las Vegas for more legal information on traumatic brain injury.