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All Forum Posts by: Akiva L.

Akiva L. has started 0 posts and replied 28 times.

Post: Metro detroit real estate lawyer recommendation

Akiva L.Posted
  • Dallas, TX
  • Posts 31
  • Votes 3
Originally posted by @James De Silva:

Hi all,

I'm looking for a few recommendations on a great real estate lawyer. I plan on buying property in the Metro Detroit area (possibly including Detroit itself) and I'd like someone who is experienced with dealing with investment property, leases and so on. 

Also, do I even need a lawyer if I'm just buying regular single family homes and condos? Bear in mind I know very little about real estate law.

Thanks,

James

James, whether you need a real estate lawyer or not depends on what you would like to achieve. If you want to set up your own purchasing agreements (especially commercial) or leases, etc. I would get a real estate attorney involved.

In my experience, if you buy residential properties using an experienced agent (i.e., standardized sales contracts), requiring a warranty deed, and get title insurance you should be pretty secure. However, if you buy directly from a private party using a quitclaim deed, or even special warranty deeds (e.g., foreclosures etc.) I would get the contract written/reviewed by an attorney. 

If you need any recommendations, please pm me.

Data not guaranteed. Verify independently. All warranties, expressed or implied, disclaimed.

Post: I need a contractor in Detroit to REHAB a Motel (60 rooms)

Akiva L.Posted
  • Dallas, TX
  • Posts 31
  • Votes 3

PM me your contact information.

Post: Completely New to this in Southfield, MI

Akiva L.Posted
  • Dallas, TX
  • Posts 31
  • Votes 3

Hi Mark,

Welcome to BP. @Aaron Yates and @Tom A. have organized meetups in the past. It's a great opportunity to network. Personally, I specialize in Multi-family (apartment) brokerage, please feel free to contact me if you have any questions. 

Post: Getting My Michigan RE License

Akiva L.Posted
  • Dallas, TX
  • Posts 31
  • Votes 3

Shawn,

It really depends whether you want to work as a "traditional realtor" or got the license primarily for your own investment purposes. It also depends whether you want to do only residential or also commercial deals. Some of the brokers allow you only to work with properties that fit into a certain mold. I would speak with several brokers (even different offices of the same larger companies) and see where feel comfortable you could get the most training and support. In my experience, when you start out in the residential real estate world, splits and fees are comparable between the bigger brokers and can often be negotiated after a few months.

@George P.

Here are the info:

https://www.facebook.com/events/1395601964047844/

Post: Diary of a Rental Property

Akiva L.Posted
  • Dallas, TX
  • Posts 31
  • Votes 3

@J Scott

I am in Reisterstown until Tuesday morning, would love to see what you are doing...

@Paul Hector

You may want to contact @Michael Dundon , he and his partner are investing heavily in Redford.

Post: Cashflow 101 Game

Akiva L.Posted
  • Dallas, TX
  • Posts 31
  • Votes 3

@Brad T. & @Jal Singh ,

I have the game too. Let me know if you have any interest in setting up a gamenight one of these days...

Post: January 2014 Metro Detroit BP Meetup

Akiva L.Posted
  • Dallas, TX
  • Posts 31
  • Votes 3

@Aaron Yates , either location would work for me, but I can't do Fridays.

Post: SEC Rules for Raising Money Through Syndication

Akiva L.Posted
  • Dallas, TX
  • Posts 31
  • Votes 3

@Account Closed , a few great resources I found about syndication are:

Craig Haskell at valuehoundacademy.com

Joe Stampone at astudentoftherealestategame.com

Joshua Kahr (general commercial course) at http://vimeo.com/user2742987/videos