There are things that you purchase every day that are simple purchases, meaning that you see the price, agree to it, give the seller the money, and take the item home with you. When you get into larger purchases, such as investment properties, there is a lot more that you need to be aware of if you want the transaction to come to a favorable conclusion. Property law can be quite complex, which means venturing into real estate investing without a property attorney to guide you can be a big mistake.
Not only can a property law professional keep you out of trouble, but they can also guide you on the more unique aspects of property law that could help you be more successful. They can also help with solutions that can get you started on a shoestring or expand your portfolio of properties beyond your available cashflow restrictions. You’ve probably heard of making money using someone else’s money and that can be a lucrative solution in real estate investing. Options such as contracts for deed, lease-to-buy agreements, seller financing, and private loans can be ideal solutions when used properly.
Another unique aspect of property law is utilizing a self-directed IRA. By moving your retirement funds from a traditional IRA, you’ll be able to use the money to purchase real estate that is held in the self-managed IRA. You’ll need to understand real estate IRA rules, however, so be sure to work with a property law expert before taking this step.
If you would like to learn more about property law that can aid in your real estate investing, turn to us at Innovative Closing Solutions. We have more than 20 years of experience as a trusted real estate law firm serving Greensboro and Winston-Salem, North Carolina. We are happy to help you achieve your real estate investing goals. Call today and learn more about our investor-friendly law firm and what we can do to help you.