92 | Protecting Yourself Properly On A Real Estate Transaction with Steve Wallace
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Steve's Background:
- 20 years in real estate law across commercial, residential, and bankruptcy law.
- Owns a boutique law firm Wallace Law Group which concentrates in real estate law, bankruptcy law, and corporate law.\\xa0
- He's licensed to practice in New York, Florida, and Texas
In this episode we cover:
- 00:02:18 When to involve an attorney on a deal
- 00:03:38 How much time is preferred to close
- 00:05:54 No budge items when talking closing terms
- 00:07:43 Closing the gap between buyer and seller expectations
- 00:10:25 Getting eyes on LOI before acceptance
- 00:11:49 Getting the 'best bang for your buck' from an attorney
- 00:13:15 What Steve is seeing in transactions during COVID
- 00:19:23 Popularity of new construction
- 00:22:33 Getting out of a contract when unexpected things arise
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*****Thank you so much for listening to the Making Money in Multifamily Real Estate Show! This show covers everything to do with Multifamily Real Estate Investing to help you, the listener, become an expert in your real estate ventures. The host, Dave Morgia, brings on guests who are already experts in their respective fields to discuss what principles and practices they follow that have helped them achieve their success so far.