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Real Estate Law and Asset Protection 2020 edition

An Invaluable Resource for Texas Real Estate Investors

5-stars

Reviews

“This is an amazingly well written book, and any Texas real estate investor should consider this book as their go-to legal reference. Mr. Willis covers a wide range of pertinent topics with enough detail to whet the readers appetite for most of the legal risks and mitigating controls relevant to an investor. I highly recommend this book.

“Awesome with all details on Texas real estate business.”

“Attorney David J. Willis has written an excellent book for people who are considering real estate as an investment . . . This book gave me a huge advantage over my competitors. . . . In a world ridden with real estate seminar hype about foreclosures, wraparounds, LLC’s, etc., this book allowed me to see right through so much of the bad information that is out there. Beginning real estate investors as well as seasoned pros will find this book indispensable, and I’m lucky to have read it before I did my first real estate deal.”

“This book is a strong book on many Texas Real Estate topics. It not only goes over the law but also gives you suggested strategies, depending on what side of the transaction you are on. “

“Fantastic resource. Excellent book, highly informative and thorough. Easy to understand and you can tell the author has had extensive practice in real-life scenarios from both the real estate and law side. Highly recommended. “

“A very good Real Estate Investors’ handbook. “

“I have been a licensed RE agent for 10 years and new to the investment side of RE. After receiving this book I immediately began reading, the learning started from page one and has not stopped. It is a bible of real estate law, highly recommended”

“This is a very comprehensive and in-depth discussion of many legal aspects of real estate investing. Mr. Willis provides valuable interpretations of recently written changes to Texas laws. This book is a goldmine of information that will allow real estate investors to be informed and free of trouble with Texas laws. The author also describes how Texas laws and legal entities can protect wealth and valuable assets from attacks by creditors and frivolous lawsuits. I highly recommend this book. Its cost is tiny in comparison to an hour of attorney’s time to learn this information or to prevent a legal issue that is discussed in this book.”

“Your book is a very easy and informative read. I will gladly and confidently refer clients to you.”

“Awesome! I read most of the book in one sitting, not because it’s a quick read, but because the writing style of the author makes absorbing the information easy. He does a wonderful job of explaining the details in a way where they make sense the first time. That made the first read of this book nearly effortless. I applaud David J. Willis for writing this book.”

“Very informative! This book makes the legal aspects of real estate investing understandable for ordinary investors like me. I keep a paperback copy on my desk. Thank you Mr. Willis.”

“As an attorney I am familiar with David Willis’s expertise in real estate. If David wrote it and you read it, you can depend on it! I highly recommend this book.”

“David Willis’ book is the best reference out there on need-to-know real estate law in Texas, for both practitioners and investors alike.”

“I love this book because I often get calls from clients that are looking for the right kind of business entity to minimize personal exposure and maximize asset protection. This book covers those issues and more.”

“Excellent book!”

“I am an attorney and a life-long real estate investor. This book is a great tool. I would strongly suggest that anyone who is serious about investing in real estate should have a copy of this book as a reference even if you don’t live in Texas.”

“This book is a great read. I’m recommending it to all of my investor clients and friends.”

“As a corporate attorney who does a good deal of real estate transactions, I can say with confidence that David is the real estate law leader in Texas.”

“I was impressed with this book. It will benefit real estate investors and real estate attorneys.”

“As a Texas real estate broker and investor in residential properties, I found this book well written and well laid out for us ‘non-lawyers.’ The chapters and subjects are organized well, so you can refer to the sections you need, when you need them. Recommended to anyone in Texas who is investing in multiple properties or who represents investors who do.”

Contents

PART I. CONTRACTS & CLOSINGS

  1. Residential Sales Contracts
  2. Seller Disclosure
  3. Title Insurance
  4. Earnest Money Disputes
  5. Affidavits of Heirship
  6. Lis Pendens

PART II. OWNERSHIP & TRANSFER OF TEXAS REAL ESTATE

  1. Co-Ownership of Property
  2. Texas Deeds – an Overview
  3. Deeding Property to an LLC
  4. Deeding Property to a Lender

PART III. NOTEWORTHY STATE & FEDERAL LAW

  1. Executory Contracts
  2. Statute of Frauds
  3. Mortgage Loan Fraud
  4. SAFE Act and Dodd-Frank
  5. Regulation of Higher-Priced Mortgage Loans

PART IV. CREATIVE TRANSACTIONS

  1. Lease-Options, Lease-Purchases, and Rights of First Refusal
  2. Wraparound Transactions
  3. “Subject To” Transactions
  4. Assumptions
  5. Due-on-Sale
  6. Land Trusts
  7. Living Trusts for the Homestead
  8. Adverse Possession

PART V. ASSET PROTECTION STRUCTURING

  1. LLC Formation
  2. LLC Governing Documents
  3. The Series LLC
  4. LLC’s: A Brief Tax Summary
  5. Piercing the Veil of an LLC
  6. Joint Ventures
  7. Buying or Selling an LLC

PART VI. ASSET PROTECTION STRATEGIES

  1. Asset Protection in Texas
  2. Anonymity in Texas Real Estate
  3. Assumed Names in Texas
  4. Homestead Protections in Texas
  5. Lien Removal
  6. Equity Stripping for Asset Protection
  7. Fraudulent Transfers

PART VII. EVICTIONS, FORECLOSURES, & LITIGATION

  1. Evictions
  2. Foreclosures
  3. Texas Litigation
  4. Deceptive Trade Practices
  5. Mediation
  6. Judgments
  7. Charging Orders

PART VIII. ADDITIONAL TOPICS

  1. Redemption Issues for Investors
  2. Security Deposits in Residential Transactions
  3. Hard Money Lending
  4. Partition in Texas
  5. Buying and Selling Real Estate Notes
  6. Developments in Wholesaling