28 |
Hrs
Mins
Secs
4
57
37
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SEGMENTS | DURATION |
Mat has been at the forefront of the Self-Directed IRA industry for over a decade. He’s CEO of Directed IRA & Directed Trust Company, a partner at KKOS Lawyers, a national speaker, top ranked podcast host, best-selling author of The Self-Directed IRA Handbook (over 25,000 copies sold), and a real estate investor. He has been cited, referenced, or quoted by The Wall Street Journal, Forbes, The Guardian, Yahoo Finance, and Entrepreneur.
So you have found the funding for your real estate investment, now learn from the man who literally wrote the book. He will share how to structure your deal and protect interests legally, morally and ethically for all the parties involved in the transaction. Open your business to the more than 14 trillion dollars currently in retirement accounts that could be used for real estate investing. Attorney and author Matt Sorensen, takes you step by step through the basics of contract law, and how structuring your money and partnerships prior to buying the investment property, are just as important as completing your due diligence and ensuring your exit strategy is viable. Understand the requirements of a binding contract and learn how to create contracts that hold true, stabilize your investments, and generate bigger returns. You will also learn the major “gotcha” clauses commonly used in real estate contracts and the components of a buyer’s and seller’s checklist that will help to keep you and each party safe. Take full advantage of the legal protections and tax advantages before you purchase. Make a plan, get it in writing and get it right the first time.
This Pre-Assessment is to raise awareness of your current knowledge level and give you a glimpse of the information covered in this course.
Mat Sorensen, Partner at KKOS Lawyers and author of The Self Directed IRA Handbook, is here to answer your legal questions regarding all aspects of real estate investing.
Mat takes a few minutes to discuss the definition and legal ramifications of a contract.
Your instructor gives you a quick overview of an entire year of law school in this 16 minute segment.
The term "consideration" and it's applications are discussed in depth here.
Unless a term is in the written contract or offer, it is not enforceable. Mat explains why.
Mat discusses some of the possible requirements and defenses of your contract including severability and illegal agreements.
Your instructor goes through a purchase contract from the perspective of the buyer.
Your instructor goes through a purchase contract from the perspective of the seller.
Mat engages the studio audience to go through an exercise to identify the terms and conditions most important to buyers and sellers.
The lease agreement is key to any rental property. Mat goes through a lease agreement and discusses important points to cover when looking for tenants.
Mat takes a look at construction contracts and helps you understand what type is best for you.
When taking on an option or assignment, always be sure to watch out for prohibitive provisions. Mat discusses how to avoid these clauses and change them to your advantage.
Mat discusses the differences between LLC, S-Corp and other types of entities.
Security laws are very important when seeking private funding. Mat walks you through some of the ins and outs of these laws.
Your instructor discusses the first of three categories of investment structuring models - The Lender Model.
Mat discusses the Partnership Model of investment structuring.
Joint ventures and partnerships can be complicated. Mat discusses more on Partnership Models in this segment.
Mat takes you through an exercise to help you understand how to establish a strong partnership.
Your instructor emphasizes the importance of how an agreement is stated; for instance, who has responsibility and who has the authority.
Mat walks you through some of the details of partnership responsibilities and benefits.
The third type of investment model, The Investor Model, is discussed in this segment.
Mat continues discussing The Investor Model by going through some of the required forms.
Crowd funding is another strategy that can be used to invest in your properties. Mat discusses how it works here.
Your instructor runs through a few different scenarios to see what model may work best for you.
Mat covers some tips on pitching your opportunity to an investor, such as getting attention, showing the problem and several others.
The rules and regulations for finding private funds are covered here. Mat answers questions and wraps up the class.
This Post-Assessment is to measure your increased knowledge and see how much information you have retained from the course.
This Post-Assessment is to measure your increased knowledge and see how much information you have retained from the course.