tag:blogger.com,1999:blog-59051003035062165162024-02-24T23:28:41.693-08:00Real Estate Investor and Estate Planning bLAWgEducation and information for real estate investors posted by "The Real Estate Investor's Lawyer" who specializes in providing legal services to investors in the areas of entity formation, litigation, purchase and sale agreements, loan workouts, syndications, commercial leases, construction agreements, estate planning, wills, trusts, and related areas.Jeff Lermanhttp://www.blogger.com/profile/11475230261516116054noreply@blogger.comBlogger74125tag:blogger.com,1999:blog-5905100303506216516.post-53981901489612354502019-11-18T15:34:00.003-08:002019-11-18T16:23:39.470-08:00Brokers, Finders and Investors: How to Resolve Your Commission Dispute Quickly<span style="font-family: "times" , "times new roman" , serif;">Commission disputes can involve significant sums of money - tens or hundreds of thousands, even millions, of dollars. And legal fees for lengthy court actions and trials can cost exponentially more. But it doesn't have to be that way. It is possible to resolve the dispute quicker than going to court.</span><br />
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<span style="font-family: "times" , "times new roman" , serif;">We handle litigation as well as transactions. Whether you're a broker, a finder</span><span style="font-family: "times" , "times new roman" , serif;">, or an investor dealing with a broker or finder, it is not uncommon to end up in a dispute over the commission. We have helped brokers, finders and investors resolve their commission disputes quickly, through mediation and negotiation. Does that mean we can solve your commission dispute without going to trial? Not necessarily. Every dispute is different. But read just a few of our success stories:</span><br />
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<span style="font-family: "times" , "times new roman" , serif;">These testimonials or endorsements do not constitute a guarantee, warranty, or prediction regarding the outcome of your legal matter.</span></div>
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<span style="font-family: "times" , "times new roman" , serif;">We represented a foreign investor in a six-figure commission dispute involving a San Francisco home. Read her story in her own words:</span><br />
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<span style="font-family: "times" , "times new roman" , serif;">"My husband and I are overseas investors. We were trying to buy a house in SF. But when our real estate broker threatened to sue us unless we paid a six-figure commission he had not earned, we were shocked, outraged, confused and frankly and intimidated. Adding to our frustration, we live in Asia and were being forced to deal with this potential lawsuit via long distance phone calls and emails. </span><br />
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<span style="font-family: "times" , "times new roman" , serif;">Fortunately, we found Jeff. <b>He listened to our story, read the documents and quickly understood not only our case but its strengths and weaknesses. He explained those strengths and weaknesses to us clearly so that we understood them. His belief in us and the strength of our case, and the fact that he was as passionate as we were about the injustice of the broker's claim and about our chances of winning , immediately gave us comfort and made us truly feel we were a team</b>. </span><br />
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<span style="font-family: "times" , "times new roman" , serif;">We found Jeff and Phil to be <b>extremely thorough and creative problem-solvers</b> every step of the way. We always felt that they <b>had our best interests at heart and were very pragmatic and business-minded </b>about the entire dispute resolution process . We really felt they were <b>more focused on our ultimate bottom line and not their own</b>. Jeff and Phil quickly settled the case through mediation (when we were able to compare the quality of Jeff and Phil's mediation brief with the broker's lawyer's brief, there was no comparison; our brief was vastly superior) in a matter of hours, guiding us every step of the way , <b>saving us significant time, expense, distraction and emotional drain of full-blown litigation, and we are extremely pleased with the outcome</b>.</span><br />
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<span style="font-family: "times" , "times new roman" , serif;"><b>Would I use Jeff and Phil for our next property deal? ABSOLUTELY!</b> In fact , I would not buy, sell, nor rent any property in the U.S. without having an effective and thorough law firm like Lerman Law Partners look through the contracts first. Having a good lawyer in the high risk real estate market gives the investor considerable peace of mind. </span><br />
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<span style="font-family: "times" , "times new roman" , serif;">Ning Lim</span><br />
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<span style="font-family: "times" , "times new roman" , serif;">Hong Kong" (emphasis added) </span><br />
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<span style="font-family: "times" , "times new roman" , serif;">In another matter, we helped a finder (a finder is somebody who is not a licensed broker, but who plays a role in "finding" an investment opportunity for their client) get paid his commission. Our client found a multifamily investment opportunity for a buyer who refused to pay the agreed commission. Through our direct negotiations with the buyer, we were able to quickly obtain an outcome that exceeded our client's expectations, as he stated in the following testimonial: </span><br />
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<span style="font-family: "times" , "times new roman" , serif;">"Phil Diamond and Jeff Lerman did a <b>truly outstanding job</b> representing me in a recent commercial real estate dispute. They took the necessary time to make sure they thoroughly understood my particular situation, then demonstrated initiative in advancing the case that was <b>far above and beyond my expectations</b>. Throughout, I felt that I was in the good hands of attorneys who were assiduously looking out for my interests. The final result was a successful and satisfactory resolution of the case. <b>I could not have asked for a better law firm to handle the case</b>, and I would like to give special thanks to Phil Diamond for his outstanding work on my behalf. I wholeheartedly, and without any reservation, recommend Lerman Law Partners."</span><br />
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<span style="font-family: "times" , "times new roman" , serif;">Ted S.</span><br />
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<span style="font-family: "times" , "times new roman" , serif;">Finally, we also represented a broker who was owed a substantial commission from a developer. The developer refused to pay for reasons which were bogus. Because we believed strongly in the broker's case, we accepted it on a hybrid contingency basis (where after the intial phase, when the client paid our fee, we converted to a contingency). We managed to resolve the dispute through mediation, during which we were able to obtain a substantial award for our client.</span><br />
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<b style="font-family: Times, "Times New Roman", serif;">Bottom line: No matter if you're a broker, finder or property owner, if you have a commission dispute, we can help </b><span style="font-family: "times" , "times new roman" , serif;">. Please call or e-mail me (jeff@lermanlaw.com) for a complimentary consult regarding your dispute. </span><br />
<br />Jeff Lermanhttp://www.blogger.com/profile/11475230261516116054noreply@blogger.com0tag:blogger.com,1999:blog-5905100303506216516.post-80842818061006678172019-11-05T21:05:00.002-08:002019-11-05T21:17:26.979-08:00What Every Homeowner Must Know About FSBOs (For Sale by Owner)<span style="font-size: large;"><span style="font-family: "arial" , "helvetica" , sans-serif;">If you are a homeowner thinking of selling your home or rental home without a broker, read this. </span></span><br />
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<span style="font-size: large;"><span style="font-family: "arial" , "helvetica" , sans-serif;">Although most of our clients hire us to help them with their commercial real estate transactions and disputes, we also help clients with their residential real estate. Many homeowners choose to sell their home without a broker. They do that for a variety of reasons. Perhaps the most common reasons are that they are selling to a tenant, relative or friend. Regardless, our office receives many calls asking for our assistance to help guide these homeowners through what can be an intimidating process.</span></span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">The homeowner may not know which contract to use, or where to get it. They may be confused by how to complete the contract correctly. They do not know which California state disclosure forms are mandatory, or where to get them, or how to complete them to avoid disputes. Most of the post-closing lawsuits that arise from home sales could have been avoided if the contract and/or disclosure forms were prepared correctly.</span></span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">We can help.</span></span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">We provide a flat fee FSBO package to help seller and/or buyer get through a FSBO in compliance with California law. We work with a transaction coordinator and together we make sure all contracts, disclosures and forms are completed properly and to reflect the parties' intentions. We answer all questions. We prepare a timetable of key dates and deadlines for our client(s) so they understand what is supposed to happen when.</span></span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Read what one of our recent clients had to say about her and her husband's experience with us:</span></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;">"We used Jeff and his associates to complete a real estate purchase where a realtor was not required. The process was smooth and professional...[N]othing went wrong, and no one manufactured unnecessary work to be done or paid for. Very satisfied."</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;">Vanessa Calder (5 stars)</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">If you would like to know more about this service, please do not hesitate to call our office (415.454.0455) or e-mail jeff@lermanlaw.com.</span></span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span>Jeff Lermanhttp://www.blogger.com/profile/11475230261516116054noreply@blogger.com0tag:blogger.com,1999:blog-5905100303506216516.post-81883402464967438352019-11-03T20:24:00.001-08:002019-11-03T21:03:37.169-08:00Listen: How to Avoid a Lawsuit with your Partner<div style="font-family: Arial; font-size: 16px; text-align: justify;">
<span style="color: #fce5cd;">Perhaps the single most important lesson I teach investors is how they can avoid disputes and lawsuits with their partners. Why? Because the time, money and effort consumed by litigating partner disputes can be so significant. Having litigated a number of those partner disputes, I can tell you that virtually every one could have been avoided if the partners had known what to do from the beginning of that "business marriage". </span></div>
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<span style="color: #fce5cd;"><span _mce_style="font-size: 12pt;" style="font-size: 12pt;">I was interviewed on this topic recently by Whitney Sewell of </span><strong _mce_style="font-size: 12pt;" style="font-size: 12pt;">The Real Estate Syndication Show </strong><span _mce_style="font-size: 12pt;" style="font-size: 12pt;">where I explained what every investor must know to minimize the risk of partner disputes.</span><span _mce_style="font-size: 12pt;" style="font-size: 12pt;"> </span></span><span style="color: #fce5cd; font-size: 12pt;">Just click </span><a href="https://lifebridgecapital.com/2019/10/ws374-mitigating-the-risks-of-partner-disputes-to-setup-a-successful-joint-venture-with-jeff-lerman/" style="font-size: 12pt;" target="_blank">here</a><span style="color: #fce5cd; font-size: 12pt;"> and you can watch the complimentary, on-demand video on your computer or phone, or listen while you drive, or download the transcript. Whichever method you choose, this is critical information for every investor.</span><br />
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<li class="li1" style="background-position: 0px 0px; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span class="s1" style="background-position: 0px 0px; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="color: #fce5cd;">Active versus passive; the difference between a joint venture and a syndication.</span></span></li>
<li class="li1" style="background-position: 0px 0px; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span class="s1" style="background-position: 0px 0px; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="color: #fce5cd;">Why a joint venture is simpler and costs a fraction of the legal fees that a syndication does.</span></span></li>
<li class="li1" style="background-position: 0px 0px; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span class="s1" style="background-position: 0px 0px; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="color: #fce5cd;">The importance of setting up a personal database of potential joint venture partners.</span></span></li>
<li class="li1" style="background-position: 0px 0px; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span class="s1" style="background-position: 0px 0px; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="color: #fce5cd;">The types of documents you’ll need to use when setting up a JV with your partners.</span></span></li>
<li class="li1" style="background-position: 0px 0px; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span class="s1" style="background-position: 0px 0px; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="color: #fce5cd;">The problems a JV can solve and the benefits it can bring beyond the need for money.</span></span></li>
<li class="li1" style="background-position: 0px 0px; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span class="s1" style="background-position: 0px 0px; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="color: #fce5cd;">Five crucial things to discuss with your joint venture partner to reach the best terms.</span></span></li>
<li class="li1" style="background-position: 0px 0px; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span class="s1" style="background-position: 0px 0px; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="color: #fce5cd;">Discover how a TIC agreement can give you maximum flexibility within a joint venture.</span></span></li>
<li class="li1" style="background-position: 0px 0px; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span class="s1" style="background-position: 0px 0px; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="color: #fce5cd;">Discover the biggest cause of partner disputes and why it all comes down to expectations.</span></span></li>
<li class="li1" style="background-position: 0px 0px; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span class="s1" style="background-position: 0px 0px; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="color: #fce5cd;">How to avoid the risk of partner disputes by having tough conversations from the start.</span></span></li>
<li class="li1" style="background-position: 0px 0px; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span class="s1" style="background-position: 0px 0px; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="color: #fce5cd;">Cash calls, exit strategies, and litigation; other key points to address with your JV partner</span></span></li>
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<span style="color: #fce5cd;"><span _mce_style="font-size: 12pt;" style="font-size: 12pt;">If you are entering a partnership or joint venture of any kind, whether it is an LLC, corporation, general or limited partnership, call us. We can set it up to minimize the risk of future disputes. If you are having challenges with a current partner, call us. We may be able to help resolve your dispute and avoid a lawsuit. If litigation with your partner is inevitable, we can handle that as well. If you're not sure if your agreement is properly drafted to minimize your risks of future disputes and/or adequately protect you in the event of a future disagreement, call (415-454-0455 x234) or e-mail (jeff@lermanlaw.com) to learn about our special "Partnership Agreement Audit" offer.</span></span></div>
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Jeff Lermanhttp://www.blogger.com/profile/11475230261516116054noreply@blogger.com0tag:blogger.com,1999:blog-5905100303506216516.post-59783863950459784582019-09-22T19:38:00.001-07:002019-09-22T20:02:58.669-07:00Jeff Interviewed on The Real Estate Syndication Show about Joint Ventures-What Every Investor Must Know in 30 Minutes (Transcript Download Available)<div style="text-align: justify;">
<span style="color: #fff2cc; font-family: inherit; font-size: small;">I was interviewed by Whitney Sewell of The Real Estate Syndication Show on the topic of "Joint Ventures: The Cheapest, Easiest, Fastest and Safest Alternative to Syndication". <a href="https://lifebridgecapital.com/2019/09/ws335-joint-ventures-the-cheapest-easiest-fastest-and-safest-alternative-to-syndication-with-jeff-lerman/" target="_blank">Click here to access that on-demand podcast interview now</a>. Here is the description of the show and what you will learn: </span><br />
<span style="font-family: inherit;"><span style="color: #fff2cc; font-family: "arial" , "helvetica" , sans-serif; font-size: small;"><span style="caret-color: rgb(102, 102, 102);"><span style="color: #fff2cc;"><br /></span></span></span>
<span style="color: #fff2cc; font-family: "arial" , "helvetica" , sans-serif; font-size: small;"><span style="caret-color: rgb(102, 102, 102);"><span style="color: #fff2cc;">A lot of us talk about joint ventures or “JV’s” and often assume that we, and the people around us, understand what they are and how they function. In this episode, Jeff explains what joint ventures really are, and why he believes they are the cheapest, easiest, fastest, and safest alternative to syndication. Often times the terms joint venture, partnership, and syndication get thrown around interchangeably, and in this conversation, Jeff clearly defines each of these terms, explains the key differences between them, highlights the pitfalls of syndication, as well as the incredible benefits of a joint venture. By the end of this episode, you’ll have a clearer understanding and greater insight into joint ventures to better equip you in your future decisions.</span></span></span></span></div>
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<span class="s1" style="background-position: 0px 0px; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><b style="background-position: 0px 0px; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="color: #fff2cc; font-family: inherit; font-size: small;">Key Points from This Episode:</span></b></span></div>
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<ul class="ul1" style="background-position: 0px 0px; border: 0px; box-sizing: border-box; caret-color: rgb(102, 102, 102); line-height: 26px; list-style-image: initial; list-style-position: initial; margin: 0px; outline: 0px; padding: 0px 0px 23px 1em; text-size-adjust: auto; vertical-align: baseline;">
<li class="li1" style="background-position: 0px 0px; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; text-align: justify; vertical-align: baseline;"><span class="s1" style="background-position: 0px 0px; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="color: #fff2cc; font-family: inherit; font-size: small;">Discover why it’s important for investors to understand what is really meant by a joint venture.</span></span></li>
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<li class="li1" style="background-position: 0px 0px; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; text-align: justify; vertical-align: baseline;"><span class="s1" style="background-position: 0px 0px; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="color: #fff2cc; font-family: inherit; font-size: small;">Find out why a joint venture is the cheapest, easiest, fastest, and safest option for investors.</span></span></li>
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<li class="li1" style="background-position: 0px 0px; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; text-align: justify; vertical-align: baseline;"><span class="s1" style="background-position: 0px 0px; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="color: #fff2cc; font-family: inherit; font-size: small;">The downsides of syndication and how a joint venture might counter-act them.</span></span></li>
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<li class="li1" style="background-position: 0px 0px; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; text-align: justify; vertical-align: baseline;"><span class="s1" style="background-position: 0px 0px; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="color: #fff2cc; font-family: inherit; font-size: small;">The biggest challenge with syndication is waiting for what you need from the client.</span></span></li>
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<li class="li1" style="background-position: 0px 0px; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; text-align: justify; vertical-align: baseline;"><span class="s1" style="background-position: 0px 0px; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="color: #fff2cc; font-family: inherit; font-size: small;">Discover the key differences between a syndication and a joint venture.</span></span></li>
</ul>
<ul class="ul1" style="background-position: 0px 0px; border: 0px; box-sizing: border-box; caret-color: rgb(102, 102, 102); line-height: 26px; list-style-image: initial; list-style-position: initial; margin: 0px; outline: 0px; padding: 0px 0px 23px 1em; text-size-adjust: auto; vertical-align: baseline;">
<li class="li1" style="background-position: 0px 0px; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; text-align: justify; vertical-align: baseline;"><span class="s1" style="background-position: 0px 0px; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="color: #fff2cc; font-family: inherit; font-size: small;">How a joint venture, done right, means you won’t have to worry about securities laws.</span></span></li>
</ul>
<ul class="ul1" style="background-position: 0px 0px; border: 0px; box-sizing: border-box; caret-color: rgb(102, 102, 102); line-height: 26px; list-style-image: initial; list-style-position: initial; margin: 0px; outline: 0px; padding: 0px 0px 23px 1em; text-size-adjust: auto; vertical-align: baseline;">
<li class="li1" style="background-position: 0px 0px; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; text-align: justify; vertical-align: baseline;"><span class="s1" style="background-position: 0px 0px; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="color: #fff2cc; font-family: inherit; font-size: small;">Learn when it would be the best time for you to choose a syndication over a joint venture.</span></span></li>
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<ul class="ul1" style="background-position: 0px 0px; border: 0px; box-sizing: border-box; caret-color: rgb(102, 102, 102); line-height: 26px; list-style-image: initial; list-style-position: initial; margin: 0px; outline: 0px; padding: 0px 0px 23px 1em; text-size-adjust: auto; vertical-align: baseline;">
<li class="li1" style="background-position: 0px 0px; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; text-align: justify; vertical-align: baseline;"><span class="s1" style="background-position: 0px 0px; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="color: #fff2cc; font-family: inherit; font-size: small;">Engagement and sophistication: Two things that make a joint venture truly possible.</span></span></li>
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<ul class="ul1" style="background-position: 0px 0px; border: 0px; box-sizing: border-box; caret-color: rgb(102, 102, 102); line-height: 26px; list-style-image: initial; list-style-position: initial; margin: 0px; outline: 0px; padding: 0px 0px 23px 1em; text-size-adjust: auto; vertical-align: baseline;">
<li class="li1" style="background-position: 0px 0px; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; text-align: justify; vertical-align: baseline;"><span class="s1" style="background-position: 0px 0px; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="color: #fff2cc; font-family: inherit; font-size: small;">Size doesn’t matter: Tips for doing a joint venture on large commercial projects.</span></span></li>
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<ul class="ul1" style="background-position: 0px 0px; border: 0px; box-sizing: border-box; caret-color: rgb(102, 102, 102); line-height: 26px; list-style-image: initial; list-style-position: initial; margin: 0px; outline: 0px; padding: 0px 0px 23px 1em; text-size-adjust: auto; vertical-align: baseline;">
<li class="li1" style="background-position: 0px 0px; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; text-align: justify; vertical-align: baseline;"><span class="s1" style="background-position: 0px 0px; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="color: #fff2cc; font-family: inherit; font-size: small;">Setting up future deal flows by investing in your relationship with the right JV partner.</span></span></li>
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<ul class="ul1" style="background-position: 0px 0px; border: 0px; box-sizing: border-box; caret-color: rgb(102, 102, 102); line-height: 26px; list-style-image: initial; list-style-position: initial; margin: 0px; outline: 0px; padding: 0px 0px 23px 1em; text-size-adjust: auto; vertical-align: baseline;">
<li class="li1" style="background-position: 0px 0px; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; text-align: justify; vertical-align: baseline;"><span class="s1" style="background-position: 0px 0px; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="color: #fff2cc; font-family: inherit; font-size: small;">Discover how many people should typically be involved in a JV: Is there a limit?</span></span></li>
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<ul class="ul1" style="background-position: 0px 0px; border: 0px; box-sizing: border-box; caret-color: rgb(102, 102, 102); line-height: 26px; list-style-image: initial; list-style-position: initial; margin: 0px; outline: 0px; padding: 0px 0px 23px 1em; text-size-adjust: auto; vertical-align: baseline;">
<li class="li1" style="background-position: 0px 0px; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; text-align: justify; vertical-align: baseline;"><span class="s1" style="background-position: 0px 0px; border: 0px; box-sizing: border-box; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="color: #fff2cc; font-family: inherit; font-size: small;">The crucial importance of documentation when it comes to any joint venture.</span></span></li>
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<span style="color: #fff2cc; font-family: inherit;">You can <a href="https://lifebridgecapital.com/2019/09/ws335-joint-ventures-the-cheapest-easiest-fastest-and-safest-alternative-to-syndication-with-jeff-lerman/" target="_blank">watch the video on your computer or phone, or listen while you drive, or download the transcript.</a> Whichever method you choose, this is critical information for every investor.</span></div>
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<span style="color: #fff2cc; font-family: inherit;">If you are entering a partner or joint venture relationship of any kind, whether it is an LLC, corporation, general or limited partnership, call us. We can set it up to minimize the risk of future disputes. If you are having challenges with a current partner, call us. We may be able to help you resolve your dispute and avoid a lawsuit. If litigation with your partner is inevitable, we can handle that as well. If you're not sure if your agreement is properly drafted to minimize your risks of future dispute and/or to adequately protect you in the event of a future disagreement, call or e-mail us to learn about our special "Partnership Agreement Audit" offer. For more information, call Jeff Lerman at 415-454-0455 x234 or e-mail him at jeff@lermanlaw.com.</span></div>
Jeff Lermanhttp://www.blogger.com/profile/11475230261516116054noreply@blogger.com0tag:blogger.com,1999:blog-5905100303506216516.post-36424400768725913892019-08-21T22:03:00.004-07:002019-08-21T22:04:34.637-07:00Jeff Interviewed by MultiFamily Investing Academy About Joint Ventures and Syndication--Listen Now<div style="text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;">I was interviewed by Charlie Dobens of MultiFamily Investing Academy on the topic of joint ventures and syndication. <a href="https://www.multifamilyinvestingacademy.com/blog/jeff-lerman" target="_blank">Listen to this interview</a> and you will learn essential information that every investor MUST understand about JVs and why, in my opinion, they are the cheapest, easiest, fastest and safest alernative to syndication when it comes to building your portfolio using other people's money. </span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Click <a href="https://www.multifamilyinvestingacademy.com/blog/jeff-lerman" target="_blank">here</a> to listen now.</span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif; text-align: justify;">If you are entering a partner or </span><a href="https://www.realestateinvestorlaw.com/Buy-or-Sell-a-Property/Joint-Ventures.shtml" style="font-family: arial, helvetica, sans-serif; text-align: justify;" target="_blank">joint venture relationship</a><span style="font-family: "arial" , "helvetica" , sans-serif; text-align: justify;"> of any kind, whether it is an LLC, corporation, general or limited partnership, call us. </span><a href="https://www.realestateinvestorlaw.com/Buy-or-Sell-a-Property/Joint-Ventures.shtml" style="font-family: arial, helvetica, sans-serif; text-align: justify;" target="_blank">We can set it up to minimize the risk of future disputes</a><span style="font-family: "arial" , "helvetica" , sans-serif; text-align: justify;">. If you are having challenges with a current partner, call us. </span><a href="https://www.realestateinvestorlaw.com/Resolve-Disputes.shtml" style="font-family: arial, helvetica, sans-serif; text-align: justify;" target="_blank">We may be able to help you resolve your dispute and avoid a lawsuit. If litigation with your partner is inevitable, we can handle that as well</a><span style="font-family: "arial" , "helvetica" , sans-serif; text-align: justify;">. If you're not sure if your agreement is properly drafted to minimize your risks of future dispute and/or to adequately protect you in the event of a future disagreement, call or e-mail us to learn about our special "Partnership Agreement Audit" offer. For more information, call Jeff Lerman at 415-454-0455 x234 or e-mail him at jeff@lermanlaw.com.</span>Jeff Lermanhttp://www.blogger.com/profile/11475230261516116054noreply@blogger.com0tag:blogger.com,1999:blog-5905100303506216516.post-33614401391957532572019-07-27T18:18:00.001-07:002019-07-27T18:18:07.135-07:0012 Warning Signs You're Headed for a Lawsuit with your Partner-Part 11<div class="msolistparagraph0" style="line-height: 32px; margin: 0in 0in 0pt; text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;">Welcome to Part 11 in our 12-part series entitled <b>"12 Warning Signs You're Headed for a Lawsuit with Your Partner"</b>. If you missed Parts 1-10, click <a href="http://realestateinvestorlaw.blogspot.com/" target="_blank">here</a> to get to our <b>Real Estate Investor bLAWg</b> where you can find those and many other informative blog posts. The eleventh warning sign is ...</span></div>
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<b><span style="font-family: "arial" , "helvetica" , sans-serif;">#11: </span><span style="font-family: "arial" , "helvetica" , sans-serif;"> </span></b><b><i><span style="font-family: "arial" , "helvetica" , sans-serif;">No "Glue"</span></i></b></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">When I say “glue”, I’m referring to something that’s strong enough to hold your partnership together. For example, if one of you brings most of the money to the deal and the other is the person who does more of the work (the “sweat equity” partner), that’s the glue that holds you together—you each bring something that the other needs to make the deal successful. If each partner’s expectations have been properly and accurately managed and if, during the partnership term, each partner meets or exceeds those expectations, the “glue” should “hold” the partnership together. However, if at any point during the partnership one partner believes, rightly or wrongly, that they do not need the other partner, the partnership may be on thin ice. It is rarely too late to add glue to the relationship. Evaluate what you have provided and continue to offer. </span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-weight: bold;">Solution</span><b><span style="font-family: Arial, Helvetica, sans-serif;">: </span><span style="font-family: Arial, Helvetica, sans-serif;">Be a great partner. Blow your partner away with the value you bring to the table, and that should provide the “glue” to keep your partnership on solid ground. </span></b></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">If you are entering a partner or </span><a href="https://www.realestateinvestorlaw.com/Buy-or-Sell-a-Property/Joint-Ventures.shtml" style="font-family: arial, helvetica, sans-serif;" target="_blank">joint venture relationship</a><span style="font-family: "arial" , "helvetica" , sans-serif;"> of any kind, whether it is an LLC, corporation, general or limited partnership, call us. </span><a href="https://www.realestateinvestorlaw.com/Buy-or-Sell-a-Property/Joint-Ventures.shtml" style="font-family: arial, helvetica, sans-serif;" target="_blank">We can set it up to minimize the risk of future disputes</a><span style="font-family: "arial" , "helvetica" , sans-serif;">. If you are having challenges with a current partner, call us. </span><a href="https://www.realestateinvestorlaw.com/Resolve-Disputes.shtml" style="font-family: arial, helvetica, sans-serif;" target="_blank">We may be able to help you resolve your dispute and avoid a lawsuit. If litigation with your partner is inevitable, we can handle that as well</a><span style="font-family: "arial" , "helvetica" , sans-serif;">. If you're not sure if your agreement is properly drafted to minimize your risks of future dispute and/or to adequately protect you in the event of a future disagreement, call or e-mail us to learn about our special "Partnership Agreement Audit" offer. For more information, call Jeff Lerman at 415-454-0455 x234 or e-mail him at jeff@lermanlaw.com.</span></div>
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Jeff Lermanhttp://www.blogger.com/profile/11475230261516116054noreply@blogger.com0tag:blogger.com,1999:blog-5905100303506216516.post-43428317585358477972019-06-27T22:34:00.000-07:002019-07-27T18:20:08.021-07:0012 Warning Signs You're Headed for a Lawsuit with your Partner-Part 10<div class="msolistparagraph0" style="line-height: 32px; margin: 0in 0in 0pt; text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;">Welcome to Part 10 in our 12-part series entitled <b>"12 Warning Signs You're Headed for a Lawsuit with Your Partner"</b>. If you missed Parts 1-9, click <a href="http://realestateinvestorlaw.blogspot.com/" target="_blank">here</a> to get to our <b>Real Estate Investor bLAWg</b> where you can find those and many other informative blog posts. The tenth warning sign is ...</span></div>
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<b><span style="font-family: "arial" , "helvetica" , sans-serif;">#10: </span><span style="font-family: "arial" , "helvetica" , sans-serif;"> </span></b><b><i><span style="font-family: "arial" , "helvetica" , sans-serif;">Sloppy books and records</span></i></b></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">If your partnership keeps sloppy books and records (non-contemporaneous entries, lack of entries altogether, failure to properly characterize and document additional cash provided by one or both of the partners for the benefit of the partnership, commingling of funds, etc.), there is an excellent chance that when it comes time to settle up and pay out profits (or require more money in the form of cash calls), there will be a vigorous dispute over who is entitled to what. <o:p></o:p></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Example: We had a developer client who was in a joint venture with another developer for a number of years and several development projects. Over that period of time, the joint venture needed money beyond the partners’ initial capital contribution. Our client had enough money to address the joint venture’s need; his partner did not. Our client provided substantial additional funds to the joint venture over many years, but failed to characterize his additional contributions as additional capital contribution. A dispute arose as to whether our client’s additional funds should be treated as additional capital contributions or a loan to the joint venture. Treating them as additional capital contributions would mean our client would be entitled to a greater percent of the profits; if treated as a loan, the partners’ profit shares would not change. The difference between those two methods of characterizing our client's additional funds amounted to a seven-figure dispute. This dispute ended up going to trial and, while our client was happy with the outcome, the expense of going to trial, not to mention the time and aggravation, was significant and could have been avoided had the client had a better operating agreement (the defective operating agreement our client used was drafted by another lawyer, not by us; our operating agreement always addresses and documents how additional partner funding is handled and characterized and, therefore, would have avoided any dispute on this point) and/or had kept more accurate books and records. <o:p></o:p></span></div>
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<b><span style="font-family: "arial" , "helvetica" , sans-serif;">Solution: Do whatever it takes to nip this problem in the bud now. Clean up your books and records immediately.</span><span style="font-family: "times new roman" , serif;"><o:p></o:p></span></b></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">If you are entering a partner or </span><a href="https://www.realestateinvestorlaw.com/Buy-or-Sell-a-Property/Joint-Ventures.shtml" style="font-family: arial, helvetica, sans-serif;" target="_blank">joint venture relationship</a><span style="font-family: "arial" , "helvetica" , sans-serif;"> of any kind, whether it is an LLC, corporation, general or limited partnership, call us. </span><a href="https://www.realestateinvestorlaw.com/Buy-or-Sell-a-Property/Joint-Ventures.shtml" style="font-family: arial, helvetica, sans-serif;" target="_blank">We can set it up to minimize the risk of future disputes</a><span style="font-family: "arial" , "helvetica" , sans-serif;">. If you are having challenges with a current partner, call us. </span><a href="https://www.realestateinvestorlaw.com/Resolve-Disputes.shtml" style="font-family: arial, helvetica, sans-serif;" target="_blank">We may be able to help you resolve your dispute and avoid a lawsuit. If litigation with your partner is inevitable, we can handle that as well</a><span style="font-family: "arial" , "helvetica" , sans-serif;">. If you're not sure if your agreement is properly drafted to minimize your risks of future dispute and/or to adequately protect you in the event of a future disagreement, call or e-mail us to learn about our special "Partnership Agreement Audit" offer. For more information, call Jeff Lerman at 415-454-0455 x234 or e-mail him at jeff@lermanlaw.com.</span></div>
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Jeff Lermanhttp://www.blogger.com/profile/11475230261516116054noreply@blogger.com0tag:blogger.com,1999:blog-5905100303506216516.post-40736426856301025392019-06-27T10:40:00.001-07:002019-07-27T18:20:23.221-07:0012 Warning Signs You're Headed for a Lawsuit with your Partner-Part 9<div class="msolistparagraph0" style="line-height: 32px; margin: 0in 0in 0.0001pt; text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;">Welcome to Part 9 in our 12-part series entitled <b>"12 Warning Signs You're Headed for a Lawsuit with Your Partner"</b>. If you missed Parts 1-8, click <a href="http://realestateinvestorlaw.blogspot.com/" target="_blank">here</a> to get to our <b>Real Estate Investor bLAWg</b> where you can find those and many other informative blog posts. The ninth warning sign is ...</span></div>
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<b><span style="font-family: "arial" , "helvetica" , sans-serif;">#9: <i>Partner has past track record of being litigious<o:p></o:p></i></span></b></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">You should perform “due diligence” on your prospective partner just like you do due diligence on your investments. One of the things you <i>must</i> investigate is how many times they have been a party to lawsuits. The results can sometimes be shocking. A friend who I had not seen for a long time wanted me to partner with him on a deal. I met him for lunch, told him that I always do a litigation check on all my potential partners and, since I had seen him for years, I asked if he had been involved in any lawsuits. He replied “No, other than the usual landlord-tenant minor matters.” When I got back to my office, I did a 5-minute online search of his county’s court database and discovered that he had had been involved in <i>69 lawsuits</i>! And that was just in one county! I called him and said that while I appreciated our friendship, I could never be in a partnership with anybody who had been sued so many times and felt so comfortable suing others to resolve a dispute. Out of curiosity, I re-checked his county’s court database a couple of years later and saw that the number of lawsuits to which he was a party had increased to over 100! Glad I passed. Anybody who finds themselves in court frequently should not be high on your list of potential partner candidates…I don’t care how much you like them. Whenever a client tells us they are thinking about partnering with an individual, I always do the same litigation check for them to determine their litigation history AND we always include a written representation and warranty from the partners identifying all litigation they have been involved with. There are a lot of risks in real estate that you cannot predict or protect yourself from, but getting into a partnership with a litigious partner is not one of them. </span><span lang="EN"><span style="font-family: "arial" , "helvetica" , sans-serif;">Forewarned is forearmed.</span><o:p></o:p></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">If you are entering a partner or </span><a href="https://www.realestateinvestorlaw.com/Buy-or-Sell-a-Property/Joint-Ventures.shtml" style="font-family: arial, helvetica, sans-serif;" target="_blank">joint venture relationship</a><span style="font-family: "arial" , "helvetica" , sans-serif;"> of any kind, whether it is an LLC, corporation, general or limited partnership, call us. </span><a href="https://www.realestateinvestorlaw.com/Buy-or-Sell-a-Property/Joint-Ventures.shtml" style="font-family: arial, helvetica, sans-serif;" target="_blank">We can set it up to minimize the risk of future disputes</a><span style="font-family: "arial" , "helvetica" , sans-serif;">. If you are having challenges with a current partner, call us. </span><a href="https://www.realestateinvestorlaw.com/Resolve-Disputes.shtml" style="font-family: arial, helvetica, sans-serif;" target="_blank">We may be able to help you resolve your dispute and avoid a lawsuit. If litigation with your partner is inevitable, we can handle that as well</a><span style="font-family: "arial" , "helvetica" , sans-serif;">. If you're not sure if your agreement is properly drafted to minimize your risks of future dispute and/or to adequately protect you in the event of a future disagreement, call or e-mail us to learn about our special "Partnership Agreement Audit" offer. For more information, call Jeff Lerman at 415-454-0455 x234 or e-mail him at jeff@lermanlaw.com.</span></div>
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Jeff Lermanhttp://www.blogger.com/profile/11475230261516116054noreply@blogger.com0tag:blogger.com,1999:blog-5905100303506216516.post-2757016677667926872019-06-24T20:19:00.000-07:002019-06-24T20:19:13.182-07:0012 Warning Signs You're Headed for a Lawsuit with Your Partner-Part 8<div class="msolistparagraph0" style="line-height: 32px; margin: 0in 0in 0.0001pt; text-align: justify;">
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Welcome to Part 8 in a 12-part series entitled "12 Warning Signs You're Headed for a Lawsuit with Your Partner". The eighth warning sign is ...</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;"><b><span style="font-family: Arial, Helvetica, sans-serif;">#8</span></b><b>: <i>Not using lawyer or using inexperienced lawyer to handle documentation of deal</i></b></span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">In addition to <a href="https://www.realestateinvestorlaw.com/Buy-or-Sell-a-Property/Joint-Ventures.shtml" target="_blank">creating the partnership agreement</a>, <a href="https://www.realestateinvestorlaw.com/Resolve-Disputes.shtml" target="_blank">we litigate partner disputes</a>. All too often, the partner disputes we see in our office arise as a direct result of poorly drafted partnership agreements (remember, when I say “partnership agreements”, I am also including limited liability operating agreements and corporate partnerships). Those defective agreements were usually drafted by non-lawyer clients (often by pulling some form off the internet without having any idea how good that form is or whether it adequately addressed their unique partnership terms and conditions, concerns, needs, objectives, and fears) who were trying to save a buck (on transactions involving millions of dollars no less!) or by lawyers who were “dabbling” outside their core area of expertise. One lawsuit we litigated involved this exact situation; the legal fees far eclipsed whatever money that client may have “saved” by not having an experienced lawyer prepare their agreement. Solution: Always, <i>always</i>, <b><i><u>always</u> </i></b>hire a competent lawyer to draft these important documents. The investment will pay for itself many times over in the savings you will hopefully realize in not having to pay a litigator later to prosecute or defend against a lawsuit.</span><span style="font-family: Times New Roman, serif;"><o:p></o:p></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">If you are entering a partner or <a href="https://www.realestateinvestorlaw.com/Buy-or-Sell-a-Property/Joint-Ventures.shtml" target="_blank">joint venture relationship</a> of any kind, whether it is an LLC, corporation, general or limited partnership, call us. <a href="https://www.realestateinvestorlaw.com/Buy-or-Sell-a-Property/Joint-Ventures.shtml" target="_blank">We can set it up to minimize the risk of future disputes</a>. If you are having challenges with a current partner, call us. <a href="https://www.realestateinvestorlaw.com/Resolve-Disputes.shtml" target="_blank">We may be able to help you resolve your dispute and avoid a lawsuit. If litigation with your partner is inevitable, we can handle that as well</a>. If you're not sure if your agreement is properly drafted to minimize your risks of future dispute and/or to adequately protect you in the event of a future disagreement, call or e-mail us to learn about our special "Partnership Agreement Audit" offer. For more information, call Jeff Lerman at 415-454-0455 x234 or e-mail him at jeff@lermanlaw.com.</span></div>
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Jeff Lermanhttp://www.blogger.com/profile/11475230261516116054noreply@blogger.com0tag:blogger.com,1999:blog-5905100303506216516.post-1124070732368320932019-06-23T21:14:00.001-07:002019-06-23T21:27:40.373-07:0012 Warning Signs You're Headed for a Lawsuit with Your Partner-Part 7<div class="msolistparagraph0" style="line-height: 32px; margin: 0in 0in 0pt; text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;">Welcome to Part 7 in a 12-part series entitled "12 Warning Signs You're Headed for a Lawsuit with Your Partner". If you missed Parts 1-6, click <a href="http://realestateinvestorlaw.blogspot.com/" target="_blank">here</a> to get to our <b>Real Estate Investor bLAWg</b> where you can find those and any many other informative blog posts. The seventh warning sign is …</span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"></span><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "times new roman";">
<b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;"><span style="color: black;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="color: #fff2cc;">#7:<span style="mso-spacerun: yes;"> </span>Previous bad track record of partner<o:p></o:p></span></span></span></i></b></span></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="color: black;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="color: #fff2cc;">If your partner has a bad
track record (failed businesses, failed partnerships), that is a warning sign
that they will continue in the same path.<span style="mso-spacerun: yes;">
</span>Sure, people can change.<span style="mso-spacerun: yes;"> </span>But if
you are playing the odds, the odds are that the more past bad experiences your
potential partner has had, the more likely it is that those bad experiences had
something to do with your potential partner as opposed to being just consistent
“bad luck”, and the more likely the bad experience will repeat itself in some
way, shape or form in your dealings with that partner.<span style="mso-spacerun: yes;"> </span>So, <i>before</i> you enter into a partnership
with somebody, exchange your <u>written</u> track records detailing all past deals,
including a list of all deals and partnerships that did not end well and
why.<span style="mso-spacerun: yes;"> </span>For our clients, we include important
language stating that each partner represents and warrants the truth, accuracy
and completeness of those written track records because, if it turns out your
partner misrepresented that information, it may lay the groundwork for you to
claim “fraud in the inducement” and give you certain remedies.<span style="mso-spacerun: yes;"> </span>If you are already “in bed” with your partner
and you do not know his/her track record, it is not too late.<span style="mso-spacerun: yes;"> </span>Ask.<span style="mso-spacerun: yes;">
</span>If you do not like what you hear, do your best to mitigate whatever risk
you learn about based on their prior history on a going-forward basis.<span style="mso-spacerun: yes;"> </span>We can make further suggestions to assist on
this if you like.<o:p></o:p></span></span></span></span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">If you are entering a partner relationship of any kind, whether it is an LLC, corporation, general or limited partnership, call us. <a href="https://www.realestateinvestorlaw.com/Buy-or-Sell-a-Property/Form-an-Ownership-Entity.shtml" target="_blank">We can set it up to minimize the risk of future disputes</a>. If you are having challenges with a current partner, call us. We may be able to help you resolve your dispute and avoid a lawsuit. <a href="https://www.realestateinvestorlaw.com/Resolve-Disputes.shtml" target="_blank">If litigation with your partner is inevitable, we can handle that as well.</a> If you're not sure if your agreement is properly drafted to minimize your risks of future dispute and/or to adequately protect you in the event of a future disagreement, call or e-mail us to learn about our special "Partnership Agreement Audit" offer. <a href="https://www.realestateinvestorlaw.com/Testimonials/" target="_blank">Our clients appreciate the fact that we are investors as well as lawyers and use our business and investing experience to craft more practical, creative and effective solutions.</a> For more information, call Jeff Lerman at 415-454-0455 x234 or e-mail him at jeff@lermanlaw.com.</span></span><br />
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Jeff Lermanhttp://www.blogger.com/profile/11475230261516116054noreply@blogger.com0tag:blogger.com,1999:blog-5905100303506216516.post-84926382856100583512019-06-20T20:55:00.000-07:002019-06-21T11:01:10.402-07:0012 Warning Signs You're Headed for a Lawsuit with Your Partner-Part 6<div class="msolistparagraph0" style="line-height: 32px; margin: 0in 0in 0pt; text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;">Welcome to Part 6 in a 12-part series entitled "12 Warning Signs You're Headed for a Lawsuit with Your Partner". If you missed Parts 1-5, click <a href="http://realestateinvestorlaw.blogspot.com/" target="_blank">here</a> to get to our <b>Real Estate Investor bLAWg</b> where you can find those and any many other informative blog posts. The sixth warning sign is ...</span></div>
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<b><i><span style="font-family: "arial" , "helvetica" , sans-serif;">#6: No tie-breaker mechanism<o:p></o:p></span></i></b></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">If your venture is made up of just two partners and you each have a 50% vote on all issues, big and small, there is the potential of deadlock. What happens if you just cannot agree? On a minor issue, you might be able to avoid a serious dispute. The bigger the issue, the more likely it is that you will end up in a lawsuit. Solution: Try to agree that one of you ultimately has control on "major" decisions (like when to sell, what price to accept on a sale, when to refi, the amount of the refi, and other "big" decisions; when we work with our clients, we identify all the "big" decisions that are common to most partnerships plus we determine what additional "big" decisions may be unique to their particular business). Usually, that "major" decision-maker is the person who has the most hard dollars in the deal. If that is not possible, consider agreeing upon a neutral third party at the beginning of the venture, when you are drafting the agreement, to be the tie-breaker vote and make that vote binding. Regardless of how you resolve this dispute, you should ALWAYS include a mandatory mediation clause in your agreement from the very beginning. </span><span style="font-family: "times new roman" , serif;"><o:p></o:p></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">If you are entering a partner relationship of any kind, whether it is an LLC, corporation, general or limited partnership, call us. We can set it up to minimize the risk of future disputes. If you are having challenges with a current partner, call us. We may be able to help you resolve your dispute and avoid a lawsuit. If litigation with your partner is inevitable, we can handle that as well. If you're not sure if your agreement is properly drafted to minimize your risks of future dispute and/or to adequately protect you in the event of a future disagreement, call or e-mail us to learn about our special "Partnership Agreement Audit" offer. For more information, call Jeff Lerman at 415-454-0455 x234 or e-mail him at jeff@lermanlaw.com.</span></div>
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Jeff Lermanhttp://www.blogger.com/profile/11475230261516116054noreply@blogger.com0tag:blogger.com,1999:blog-5905100303506216516.post-62176305226458789272019-06-18T21:10:00.002-07:002019-06-18T21:10:20.317-07:0012 Warning Signs You're Headed for a Lawsuit with your Partner-Part 5<div class="msolistparagraph0" style="line-height: 32px; margin: 0in 0in 0.0001pt; text-align: justify;">
<span style="font-family: "arial" , "helvetica" , sans-serif;">Welcome to Part 5 in a 12-part series entitled "12 Warning Signs You're Headed for a Lawsuit with Your Partner". If you missed Parts 1-4, click <a href="http://realestateinvestorlaw.blogspot.com/" target="_blank">here</a> to get to our <b>Real Estate Investor bLAWg</b> where you can find those and any many other informative blog posts. The fifth warning sign is ...</span></div>
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<b><span style="font-family: Arial, Helvetica, sans-serif;">#5: Your w<i>ritten agreement does not address cash calls<o:p></o:p></i></span></b></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">All too often, written agreements fail to address this sensitive issue: What happens if, despite your best-laid plans and projections, your venture ends up needing more money than you planned and originally contributed to capitalize your deal? Perhaps the venturers do not want to consider this possibility up front, when they are drafting their agreement. Or their lawyer failed to include a provision addressing this. Regardless, even though the topic of cash calls is one of the most difficult to discuss, that is exactly why you must get out of your comfort zone and deal with it <b><i>before</i></b> the unexpected circumstances of the deal require you to confront and deal with the lack of adequate funds to continue with your venture. Regardless of when you deal with it, whatever you decide is the best way to handle an unexpected shortfall in funds should be documented. If your agreement does not address this, then when storm clouds start to form over your venture, you are headed for a tough discussion with your partner that could result in a lawsuit. It may not be too late. Sit down with your partner right now and have the discussion you should have had when you first got together…and document it! There are many different sub-issues that must be part of your cash call discussion including, but not limited to, do you put a cap on the maximum cash call, if so then how much is that cap, who decides if a cash call is required, how long should the parties have to come up with their pro rata share, if one of the partners cannot come up with their share, what should happen then, and many others.</span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">If you are entering a partner relationship of any kind, whether it is an LLC, corporation, general or limited partnership, call us. We can set it up to minimize the risk of future disputes. If you are having challenges with a current partner, call us. We may be able to help you resolve your dispute and avoid a lawsuit. If litigation with your partner is inevitable, we can handle that as well. If you're not sure if your agreement is properly drafted to minimize your risks of future dispute and/or to adequately protect you in the event of a future disagreement, call or e-mail us to learn about our special "Partnership Agreement Audit" offer. For more information, call Jeff Lerman at 415-454-0455 x234 or e-mail him at jeff@lermanlaw.com.</span></div>
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Jeff Lermanhttp://www.blogger.com/profile/11475230261516116054noreply@blogger.com0tag:blogger.com,1999:blog-5905100303506216516.post-52291410345085253692019-06-17T20:40:00.005-07:002019-06-17T20:40:58.575-07:0012 Warning Signs You're Headed for a Lawsuit with your Partner-Part 4<div class="msolistparagraph0" style="line-height: 32px; margin: 0in 0in 0.0001pt; text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;">Welcome to Part 4 in a 12-part series entitled "12 Warning Signs You're Headed for a Lawsuit with Your Partner". If you missed Parts 1-3, click <a href="http://realestateinvestorlaw.blogspot.com/" target="_blank">here</a> to get to our Real Estate Investor bLAWg where you can find those and any many other informative blog posts. The fourth warning sign is short, but just as important as the others...</span></div>
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<b><span style="font-family: Arial, Helvetica, sans-serif;">#4: <i>Your written agreement is without a clear definition of who’s contributing what</i><o:p></o:p></span></b></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">OK, so you’re feeling good that you already have a written agreement with your partner. The problem is that if the agreement does not adequately address key points, such as who is contributing what to the joint venture in terms of time, money, property or effort, then that void creates a fertile ground for future disagreement. What are the odds that your agreement is missing such key items? Unfortunately, it happens all the time. Solution: amend your agreement with a competent lawyer (consider using a different lawyer than the one who drafted up your defective agreement in the first place) ASAP!<o:p></o:p></span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">If you are entering a partner relationship of any kind, whether it is an LLC, corporation, general or limited partnership, call us. We can set it up to minimize the risk of future disputes. If you are having challenges with a current partner, call us. We may be able to help you resolve your dispute and avoid a lawsuit. If litigation with your partner is inevitable, we can handle that as well. If you're not sure if your agreement is properly drafted to minimize your risks of future dispute and/or to adequately protect you in the event of a future disagreement, call or e-mail us to learn about our special "Partnership Agreement Audit" offer. For more information, call Jeff Lerman at 415-454-0455 x234 or e-mail him at jeff@lermanlaw.com.</span></div>
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Jeff Lermanhttp://www.blogger.com/profile/11475230261516116054noreply@blogger.com0tag:blogger.com,1999:blog-5905100303506216516.post-35909742680284323212019-06-14T11:45:00.002-07:002019-06-14T11:45:57.224-07:0012 Warning Signs You're Headed for a Lawsuit with your Partner-Part 3<span style="font-family: Arial, Helvetica, sans-serif;">Welcome to Part 3 in a 12-part series entitled "12 Warning Signs You're Headed for a Lawsuit with your Partner". The third warning sign is...<br /><br />#3: No Written Agreement <br /><br />Many of the partner disputes we have handled could have been completely avoided if the partners had a better written agreement from the beginning. A shocking number of joint ventures are done with no more than a handshake or a defective written instrument (everything from, literally, the back of a napkin to some form they pulled off the internet or a document prepared by a lawyer who dabbles in partnership agreements, but has limited experience and expertise). Relying solely on the "handshake agreement", is extremely risky. It is virtually impossible for two or more people to embark on a business joint venture with any level of confidence that they: (a) covered all the points that need to be addressed during the lifecycle of that venture; (b) covered those points in the necessary level of detail to avoid future misunderstandings, different recollections of what was agreed and disputes, and; (c) will recall what they agreed exactly the same way when they need to remind each other of that agreement when it matters most—when there’s a disagreement. Even if they could do ALL of those things, good luck proving your oral agreement in a court of law. <br /><br />If you have a defective written agreement, odds are you would not realize that until it's too late, because you're too far in to the joint venture and the partners have different concerns, ideas and preferences by that point in time. In that scenario, even though you may have a written document (napkin, internet form, agreement drafted by somebody with insufficient expertise), it's effective the same as having no written agreement since you have not documented your understanding adequately to address the issue that has given rise to a dispute. Therefore, if you have no written agreement or a defective written agreement, that is another major warning sign that you are walking through a minefield blindfolded, headed for disaster. <br /><br />What's the solution? Hire a competent lawyer and get your agreement in writing from the beginning. If you are in a partnership without a written agreement and a document that you are concerned may be defective, it may not be too late...contact an experienced attorney and have them draft a written agreement or do a review of your current document!<br /><br />If you are entering a partner relationship of any kind, whether it is in an LLC, corporation, general or limited partnership, call us. We can set it up to minimize the risk of future disputes. If you are having challenges with a current partner, call us. We may be able to help you resolve your dispute and avoid a lawsuit. If litigation with your partner is inevitable, we can handle that as well. For more information, call Jeff Lerman at 415-454-0455, x234 or e-mail him at jeff@lermanlaw.com.</span>Jeff Lermanhttp://www.blogger.com/profile/11475230261516116054noreply@blogger.com0tag:blogger.com,1999:blog-5905100303506216516.post-28986975655523254922019-06-13T11:27:00.000-07:002019-06-13T12:10:02.505-07:0012 Warning Signs You're Headed for a Lawsuit with your Partner-Part 2<br />
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Welcome to Part 2 in a 12-part series entitled "<b>12 Warning Signs You're Headed for a Lawsuit with your Partner"</b>. If you missed Part 1, where I discussed what I believe is the #1 warning sign you're headed for a lawsuit with your partner (indeed, it may also signal your last opportunity to avoid a lawsuit before your partner files a complaint!), click <a href="http://realestateinvestorlaw.blogspot.com/2019/06/12-warning-signs-youre-headed-for.html" target="_blank">here</a> to read that.</div>
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Ready for warning sign #2?</div>
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#2: Lack of Money--<u1:p></u1:p>When money gets tight, partners fight</span></i></b><span style="font-size: 13.5pt;"><o:p></o:p></span></div>
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<span style="font-family: "arial" , sans-serif; font-size: 13.5pt;">It is not unusual to have one
partner who has less financial resources than the other. However,
when partners come together with the expectation and/or agreement that they
will each contribute certain amounts of money up front and more later, if the
situation warrants it, it is not uncommon for the financially weaker partner to
come up short. In fact, that is one of the most common disputes
between partners. So, if you are in a joint venture with one or
more partners who are tapped out, that is a huge warning sign that you are
headed for a serious discussion if and when the joint venture needs more money
to stay in business. What can you do? </span><span style="font-size: 13.5pt;"><o:p></o:p></span></div>
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<span style="font-family: "arial" , sans-serif; font-size: 13.5pt;">If your partnership agreement
includes language addressing this issue, start by reviewing that
language. When we draft partnership agreements, we specifically include
language that addresses this situation and provides detailed pre-agreed
solutions to mitigate the risk of future disputes. </span><span style="font-size: 13.5pt;"><o:p></o:p></span></div>
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<span style="font-family: "arial" , sans-serif; font-size: 13.5pt;">Whether or not your partnership
agreement includes such language, bring up the topic as soon as possible in a
calm, business-like manner. Discuss options to deal with “our
problem”, including a possible re-adjustment of profit/loss interests.
However you decide to resolve this issue, make sure you work with an
experienced lawyer to document your agreement.</span><span style="font-size: 13.5pt;"><o:p></o:p></span></div>
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<span style="font-family: "arial" , sans-serif; font-size: 13.5pt;">If you are entering a partner
relationship of any kind, whether it is in an LLC, corporation, general or
limited partnership, call us. We can set it up to minimize the risk of
future disputes. If you are having challenges with a current partner,
call us. We may be able to help you resolve your dispute and avoid a
lawsuit. If litigation with your partner is inevitable, we can handle
that as well. For more information, call Jeff Lerman at 415-454-0455,
x234 or e-mail him at jeff@lermanlaw.com.</span><span style="font-size: 13.5pt;"><o:p></o:p></span></div>
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<br />Jeff Lermanhttp://www.blogger.com/profile/11475230261516116054noreply@blogger.com0tag:blogger.com,1999:blog-5905100303506216516.post-69437324374291564982019-06-12T13:44:00.002-07:002019-06-13T12:05:17.288-07:0012 Warning Signs You're Headed for a Lawsuit with your Partner-Part 1<div style="text-align: left;">
<span style="font-family: "arial" , "helvetica" , sans-serif;">So many of our clients do business with one or more partners. <a href="https://www.realestateinvestorlaw.com/Buy-or-Sell-a-Property/Form-an-Ownership-Entity.shtml" target="_blank">We set up partnership agreements</a> and <a href="https://www.realestateinvestorlaw.com/Resolve-Disputes.shtml" target="_blank">we handle partner disputes</a> (and, to my knowledge, we have never had a partnership that we set up end up in a dispute or litigation). </span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Litigation is expensive and partner dispute litigation can potentially be one of the most expensive types of litigation (not only because of the potential legal fees, but the consultants and expert witnesses who are frequently required as part of the litigation process). So, if you are in a business partnership, you owe it yourself and your family to manage your relationship with your partner(s) to minimize the risk of future dispute. </span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">In virtually every partner dispute we have litigated, the warning signs were there <strong>before</strong> the complaint was filed. Often, they were there when the partnership was first set up. So, to help you stay out of court and avoid disputes, we are offering this series of 12 blog posts to alert you to the <strong>12 Warning Signs You're Headed for a Lawsuit with your Partner</strong>.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><strong>INTRODUCTION</strong></span><br />
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<span _mce_style="font-family: Arial;" style="font-family: "arial";"><span style="font-family: "arial" , "helvetica" , sans-serif;">Joint ventures or partnerships<span _mce_style="font-family: Arial;" style="font-family: "arial";"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;">--the coming together of two or more parties for a common purpose--can be one of the most powerful ways to do business. When done correctly, joint ventures can help all involved achieve more than they could do by themselves, do business more safely by diversifying their risk, grow their business, save time, connect with like-minded individuals, have more fun, hold each other accountable (in a positive sense), and ultimately make more profits for all. However, whenever two or more people do business together and money is involved, there is the potential for disagreement, disputes and disaster.</span></span></span></span></span></div>
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<span _mce_style="font-family: Arial;" style="font-family: "arial";"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span _mce_style="font-family: Arial;" style="font-family: "arial";"><span style="font-family: "arial" , "helvetica" , sans-serif;">This is the first of 12 warning signs (derived from the author's decades of experience handling real estate partnership formations and disputes and discussions with other real estate lawyers and investors) that you may be headed for a lawsuit with your joint venture partner. If you encounter one of these, it does not mean you will definitely end up in litigation with your partner. It is a "warning" that you should heed and try to take immediate action to deal with it. If you are already in a lawsuit with your partner, consider the following as a checklist to use when forming your next joint venture to minimize the chance you will end up in a dispute with that partner.</span></span></span></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><strong>#1: Communication Breakdown</strong></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">A joint venture or partnership is a business marriage. And, just as in marriage, good communication is probably the single most important requirement to maintain a healthy business relationship. If your partner "goes dark" on you, if they stop answering your phone calls or e-mails, or if you start noticing a different tone in their voice, those can all be signs that your joint venture is in trouble. I had a client once who called me one day and was extremely concerned and furious because he arrived at his office that morning only to discover that the locks had been changed and he couldn't get into his own office! When I asked him if he knew what happened, he replied that when he called his business partner to find out if he knew what was going on, his partner told him "I've been trying to talk to you for weeks about our problems and you keep ignoring me. This is what I had to do to get your attention!" Don't let your relationship degrade to such a severe breaking point. If your communication with your business partner starts to deteriorate, that is the #1 sign your relationship is in trouble. Take the initiative ASAP and start a candid, non-confrontational conversation with your partner to ask how they are doing and whether there is anything going on with your partnership that has been troubling them. Then, LISTEN!</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Check back tomorrow for Part 2</span></div>
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<span style="color: #fce5cd;"><br />
</span><div>
<span style="color: #fce5cd;">If you are entering a partner relationship of any kind, call us. We can help you set it up to minimize the risk of future disputes. If you are having troubles with a current partner, call us. We can help. For more information about this topic, contact Jeff Lerman at 415-454-0455 x234 or <a href="mailto:jeff@lermanlaw.com">jeff@lermanlaw.com</a>.</span></div>
</span></span></span>Jeff Lermanhttp://www.blogger.com/profile/11475230261516116054noreply@blogger.com0tag:blogger.com,1999:blog-5905100303506216516.post-41273431382412109482018-07-24T16:01:00.003-07:002018-08-03T22:14:09.720-07:00Critical Estate Planning for Frequent Flyer Miles<div class="MsoNormal">
<span style="color: white;"><span style="background-attachment: scroll; background-image: none; background-position: 0% 0%; background-repeat: repeat; background-size: auto;">A client recently asked me, “What happens to my frequent flyer miles when I die?”</span><span style="font-family: "calibri" , "sans-serif";">
With so many credit card companies giving up to 100,000 bonus miles just for opening the credit card account and charging on the card (yes, that’s true!), and then giving away additional miles for every dollar charged, people are accumulating tens of thousands
of dollars of frequent flyer miles. As the Points Guy says, “We certainly don’t want to think about that day when we’ll go the way of the Concorde and L-1011 TriStar, but it’s even harder to think about a considerable stash of loyalty assets going to waste
because you didn’t prepare.” </span></span></div>
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<span style="color: white; font-family: "calibri" , "sans-serif";">Here’s what you need to do to prepare:</span></div>
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<span style="color: white;"><span style="font-family: "calibri" , "sans-serif";">1.</span>
<span style="font-family: "calibri" , "sans-serif";">If you’re not accumulating mileage points, you’re missing a huge opportunity. For a great guide on the best credit cards, check out
<a data-saferedirecturl="https://www.google.com/url?hl=en&q=https://thepointsguy.com/&source=gmail&ust=1532559507234000&usg=AFQjCNFUUaMFOvUg3lUo3Vt-UVb37QX2-w" href="https://thepointsguy.com/" target="_blank">https://thepointsguy.com/</a></span></span></div>
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<span style="color: white;"><span style="font-family: "calibri" , "sans-serif";">2.</span>
<span style="font-family: "calibri" , "sans-serif";">Be sure to have a way to track your mileage points, making sure that the beneficiaries of your estate have access to all log in information so that upon your death, they can log into
your account and access your miles. I started using <a data-saferedirecturl="https://www.google.com/url?hl=en&q=https://thepointsguy.com/2017/08/keeping-track-of-your-points/&source=gmail&ust=1532559507234000&usg=AFQjCNGkgevZFCSrzPLMvMkWd50w84LXxA" href="https://thepointsguy.com/2017/08/keeping-track-of-your-points/" target="_blank">AwardWallet</a> and my husband has access to the AwardWallet account so that upon my death, he can access all the
miles.</span></span></div>
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<span style="color: white;"><span style="font-family: "calibri" , "sans-serif";">3.</span>
<span style="font-family: "calibri" , "sans-serif";">Every airline has different policies about what happens to miles upon death. Some airlines, like Delta, do not transfer mileage programs upon a death and others have a procedure for
doing so. Click <a data-saferedirecturl="https://www.google.com/url?hl=en&q=https://thepointsguy.com/guide/points-and-miles-after-you-die/&source=gmail&ust=1532559507234000&usg=AFQjCNEIH-OHVqh4W0aMWYcDY1zT12CYjg" href="https://thepointsguy.com/guide/points-and-miles-after-you-die/" target="_blank">
https://thepointsguy.com/<wbr style="display: inline-block;"></wbr>guide/points-and-miles-after-<wbr style="display: inline-block;"></wbr>you-die/</a> to understand the policies of each airlines and the best steps to make sure your loved ones benefit from the loyalty programs after your die.</span></span></div>
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<span style="color: white; font-family: "calibri" , "sans-serif";">The bottom line: With proper planning, your loved ones can use your frequent flyer miles after you die. <a href="https://www.realestateinvestorlaw.com/Create-My-Estate-Plan/" target="_blank">Be sure to do your planning so that you Create Your Best Legacy</a>!
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<span style="color: white;">The new Tax Act changes estate planning drastically so <a href="http://www.myestateplancenter.com/" target="_blank">be sure to have your estate plan updated</a>. For the next 2 weeks, we are offering complimentary estate planning consultations.
<a href="https://www.realestateinvestorlaw.com/Contact.shtml" target="_blank">Click here to set up a consultation appointment</a>.</span></div>
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<span style="color: white; font-family: "calibri" , "sans-serif";">PS We will soon be releasing our 2018 edition of Create Your Best Legacy.
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<span style="color: white;">Michelle C. Lerman</span></div>
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<span style="color: white;">Certified Specialist Estate Planning, Trust & Probate Law* </span></div>
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<span style="color: white;"><span style="font-family: "arial" , "sans-serif";"><a data-saferedirecturl="https://www.google.com/url?hl=en&q=http://www.createyourbestlegacybook.com/&source=gmail&ust=1532559507234000&usg=AFQjCNG0VUCdflLGHWMp2BOAu164dWd6xA" href="http://www.createyourbestlegacybook.com/" target="_blank"><span style="color: purple; font-family: "times new roman" , "serif";">Click here</span></a></span> to <i>Create
Your Best Legacy</i>. </span></div>
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<span style="color: white;">Tel: (310) 295-1951 / (415) 454-0455</span></div>
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<span style="color: white;">Cell: (415) 308-3640</span></div>
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<span style="color: white;">Website: <a data-saferedirecturl="https://www.google.com/url?hl=en&q=http://www.realestateinvestorlaw.com/&source=gmail&ust=1532559507234000&usg=AFQjCNGmElPM4uW4YJxhQ-tUMomjtvGBPA" href="http://www.realestateinvestorlaw.com/" target="_blank">www.<wbr style="display: inline-block;"></wbr>myestateplancenter.com</a></span></div>
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Jeff Lermanhttp://www.blogger.com/profile/11475230261516116054noreply@blogger.com0tag:blogger.com,1999:blog-5905100303506216516.post-83166475972383780022016-02-28T09:36:00.003-08:002016-02-28T09:36:45.495-08:00TERMINALLY ILL? YOU DON’T NEED TO MOVE TO OREGON TO GET LIFE-ENDING DRUGS<div class="MsoNormal" style="line-height: 18.0pt; margin-bottom: 12.0pt; mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<span style="font-family: 'Times New Roman';"><span style="color: white;">Before January 1, 2016,
terminally ill patients in California needed to move to a state like Oregon to
obtain a prescription to end their suffering and die with dignity. Now, an
historic new California law, the <b>End of
Life Option Act</b>, allows physicians to provide life-ending prescriptions,
referred to as “aid-in-dying drugs,” to certain patients diagnosed with a
terminal illness. <o:p></o:p></span></span></div>
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<span style="color: white;"><span style="font-family: 'Times New Roman';">The Act has strict
requirements and guidelines. The patient must be at least 18 and </span><span style="font-family: 'Times New Roman';">have an incurable and irreversible disease
that has been medically confirmed and will, within reasonable medical judgment,
result in death within six months. The patient also must be able to understand
the nature and consequences of the health care decision -- its significant
benefits, risks, and alternatives -- and must be able to make and communicate
an informed decision to health care providers.<span style="mso-spacerun: yes;">
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<span style="color: white;"><span style="font-family: 'Times New Roman';">The Act also </span><span style="font-family: 'Times New Roman';">requires specific information to be
documented in the patient’s medical record, including, among other things, all
oral and written requests for an aid-in-dying drug. The Act requires that the
patient submit two oral requests, at least 15 days apart, along with a written
request with witnesses, to the attending physician.<o:p></o:p></span></span></div>
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<span style="color: white;"><span style="font-family: 'Times New Roman';">Those fearing that the Act would
enable insurance companies to push the end-of-life option will be relieved. The
Act prohibits an insurance carrier from communicating to a patient about the
availability of an aid-in-dying drug unless the patient or the attending
physician requests the information; the insurance carrier cannot communicate
the denial of treatment or information as to the availability of aid-in-dying
drug coverage. </span><span style="font-family: 'Times New Roman';"><span style="mso-spacerun: yes;"> </span></span><span style="font-family: 'Times New Roman';"><o:p></o:p></span></span></div>
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<span style="color: white;"><span style="font-family: 'Times New Roman';">Treating
physicians have strict reporting requirements, which include providing specified
forms and information to the State Department of Public Health after writing a
prescription for an aid-in-dying drug and after the death of a patient who
requested such a drug. For the next 10 years, at which time the Act expires,
patients who are able to make an</span><span style="font-family: 'Times New Roman';"> “affirmative,
conscious, and physical act of administering and ingesting the aid-in-dying
drug”</span><span style="font-family: 'Times New Roman';"> will have the option of obtaining a life-ending drug, and more control
over the manner of their death.</span><span style="font-family: 'Times New Roman';"><o:p></o:p></span></span></div>
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<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="footnote text"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="annotation text"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="header"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="footer"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="index heading"/>
<w:LsdException Locked="false" Priority="35" SemiHidden="true"
UnhideWhenUsed="true" QFormat="true" Name="caption"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="table of figures"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="envelope address"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="envelope return"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="footnote reference"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="annotation reference"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="line number"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="page number"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="endnote reference"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="endnote text"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="table of authorities"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="macro"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="toa heading"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Bullet"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Number"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List 4"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List 5"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Bullet 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Bullet 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Bullet 4"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Bullet 5"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Number 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Number 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Number 4"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Number 5"/>
<w:LsdException Locked="false" Priority="10" QFormat="true" Name="Title"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Closing"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Signature"/>
<w:LsdException Locked="false" Priority="1" SemiHidden="true"
UnhideWhenUsed="true" Name="Default Paragraph Font"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Body Text"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Body Text Indent"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Continue"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Continue 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Continue 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Continue 4"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Continue 5"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Message Header"/>
<w:LsdException Locked="false" Priority="11" QFormat="true" Name="Subtitle"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Salutation"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Date"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Body Text First Indent"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Body Text First Indent 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Note Heading"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Body Text 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Body Text 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Body Text Indent 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Body Text Indent 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Block Text"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Hyperlink"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="FollowedHyperlink"/>
<w:LsdException Locked="false" Priority="22" QFormat="true" Name="Strong"/>
<w:LsdException Locked="false" Priority="20" QFormat="true" Name="Emphasis"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Document Map"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Plain Text"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="E-mail Signature"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Top of Form"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Bottom of Form"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Normal (Web)"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Acronym"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Address"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Cite"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Code"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Definition"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Keyboard"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Preformatted"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Sample"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Typewriter"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Variable"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Normal Table"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="annotation subject"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="No List"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Outline List 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Outline List 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Outline List 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Simple 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Simple 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Simple 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Classic 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Classic 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Classic 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Classic 4"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Colorful 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Colorful 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Colorful 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Columns 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Columns 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Columns 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Columns 4"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Columns 5"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Grid 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Grid 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Grid 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Grid 4"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Grid 5"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Grid 6"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Grid 7"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Grid 8"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table List 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table List 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table List 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table List 4"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table List 5"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table List 6"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table List 7"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table List 8"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table 3D effects 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table 3D effects 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table 3D effects 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Contemporary"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Elegant"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Professional"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Subtle 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Subtle 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Web 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Web 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Web 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Balloon Text"/>
<w:LsdException Locked="false" Priority="39" Name="Table Grid"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Theme"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Note Level 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Note Level 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Note Level 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Note Level 4"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Note Level 5"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Note Level 6"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Note Level 7"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Note Level 8"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Note Level 9"/>
<w:LsdException Locked="false" SemiHidden="true" Name="Placeholder Text"/>
<w:LsdException Locked="false" Priority="1" QFormat="true" Name="No Spacing"/>
<w:LsdException Locked="false" Priority="60" Name="Light Shading"/>
<w:LsdException Locked="false" Priority="61" Name="Light List"/>
<w:LsdException Locked="false" Priority="62" Name="Light Grid"/>
<w:LsdException Locked="false" Priority="63" Name="Medium Shading 1"/>
<w:LsdException Locked="false" Priority="64" Name="Medium Shading 2"/>
<w:LsdException Locked="false" Priority="65" Name="Medium List 1"/>
<w:LsdException Locked="false" Priority="66" Name="Medium List 2"/>
<w:LsdException Locked="false" Priority="67" Name="Medium Grid 1"/>
<w:LsdException Locked="false" Priority="68" Name="Medium Grid 2"/>
<w:LsdException Locked="false" Priority="69" Name="Medium Grid 3"/>
<w:LsdException Locked="false" Priority="70" Name="Dark List"/>
<w:LsdException Locked="false" Priority="71" Name="Colorful Shading"/>
<w:LsdException Locked="false" Priority="72" Name="Colorful List"/>
<w:LsdException Locked="false" Priority="73" Name="Colorful Grid"/>
<w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 1"/>
<w:LsdException Locked="false" Priority="61" Name="Light List Accent 1"/>
<w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 1"/>
<w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 1"/>
<w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 1"/>
<w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 1"/>
<w:LsdException Locked="false" SemiHidden="true" Name="Revision"/>
<w:LsdException Locked="false" Priority="34" QFormat="true"
Name="List Paragraph"/>
<w:LsdException Locked="false" Priority="29" QFormat="true" Name="Quote"/>
<w:LsdException Locked="false" Priority="30" QFormat="true"
Name="Intense Quote"/>
<w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 1"/>
<w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 1"/>
<w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 1"/>
<w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 1"/>
<w:LsdException Locked="false" Priority="70" Name="Dark List Accent 1"/>
<w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 1"/>
<w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 1"/>
<w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 1"/>
<w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 2"/>
<w:LsdException Locked="false" Priority="61" Name="Light List Accent 2"/>
<w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 2"/>
<w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 2"/>
<w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 2"/>
<w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 2"/>
<w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 2"/>
<w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 2"/>
<w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 2"/>
<w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 2"/>
<w:LsdException Locked="false" Priority="70" Name="Dark List Accent 2"/>
<w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 2"/>
<w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 2"/>
<w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 2"/>
<w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 3"/>
<w:LsdException Locked="false" Priority="61" Name="Light List Accent 3"/>
<w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 3"/>
<w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 3"/>
<w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 3"/>
<w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 3"/>
<w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 3"/>
<w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 3"/>
<w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 3"/>
<w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 3"/>
<w:LsdException Locked="false" Priority="70" Name="Dark List Accent 3"/>
<w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 3"/>
<w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 3"/>
<w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 3"/>
<w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 4"/>
<w:LsdException Locked="false" Priority="61" Name="Light List Accent 4"/>
<w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 4"/>
<w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 4"/>
<w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 4"/>
<w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 4"/>
<w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 4"/>
<w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 4"/>
<w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 4"/>
<w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 4"/>
<w:LsdException Locked="false" Priority="70" Name="Dark List Accent 4"/>
<w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 4"/>
<w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 4"/>
<w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 4"/>
<w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 5"/>
<w:LsdException Locked="false" Priority="61" Name="Light List Accent 5"/>
<w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 5"/>
<w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 5"/>
<w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 5"/>
<w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 5"/>
<w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 5"/>
<w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 5"/>
<w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 5"/>
<w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 5"/>
<w:LsdException Locked="false" Priority="70" Name="Dark List Accent 5"/>
<w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 5"/>
<w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 5"/>
<w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 5"/>
<w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 6"/>
<w:LsdException Locked="false" Priority="61" Name="Light List Accent 6"/>
<w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 6"/>
<w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 6"/>
<w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 6"/>
<w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 6"/>
<w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 6"/>
<w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 6"/>
<w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 6"/>
<w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 6"/>
<w:LsdException Locked="false" Priority="70" Name="Dark List Accent 6"/>
<w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 6"/>
<w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 6"/>
<w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 6"/>
<w:LsdException Locked="false" Priority="19" QFormat="true"
Name="Subtle Emphasis"/>
<w:LsdException Locked="false" Priority="21" QFormat="true"
Name="Intense Emphasis"/>
<w:LsdException Locked="false" Priority="31" QFormat="true"
Name="Subtle Reference"/>
<w:LsdException Locked="false" Priority="32" QFormat="true"
Name="Intense Reference"/>
<w:LsdException Locked="false" Priority="33" QFormat="true" Name="Book Title"/>
<w:LsdException Locked="false" Priority="37" SemiHidden="true"
UnhideWhenUsed="true" Name="Bibliography"/>
<w:LsdException Locked="false" Priority="39" SemiHidden="true"
UnhideWhenUsed="true" QFormat="true" Name="TOC Heading"/>
<w:LsdException Locked="false" Priority="41" Name="Plain Table 1"/>
<w:LsdException Locked="false" Priority="42" Name="Plain Table 2"/>
<w:LsdException Locked="false" Priority="43" Name="Plain Table 3"/>
<w:LsdException Locked="false" Priority="44" Name="Plain Table 4"/>
<w:LsdException Locked="false" Priority="45" Name="Plain Table 5"/>
<w:LsdException Locked="false" Priority="40" Name="Grid Table Light"/>
<w:LsdException Locked="false" Priority="46" Name="Grid Table 1 Light"/>
<w:LsdException Locked="false" Priority="47" Name="Grid Table 2"/>
<w:LsdException Locked="false" Priority="48" Name="Grid Table 3"/>
<w:LsdException Locked="false" Priority="49" Name="Grid Table 4"/>
<w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark"/>
<w:LsdException Locked="false" Priority="51" Name="Grid Table 6 Colorful"/>
<w:LsdException Locked="false" Priority="52" Name="Grid Table 7 Colorful"/>
<w:LsdException Locked="false" Priority="46"
Name="Grid Table 1 Light Accent 1"/>
<w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 1"/>
<w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 1"/>
<w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 1"/>
<w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 1"/>
<w:LsdException Locked="false" Priority="51"
Name="Grid Table 6 Colorful Accent 1"/>
<w:LsdException Locked="false" Priority="52"
Name="Grid Table 7 Colorful Accent 1"/>
<w:LsdException Locked="false" Priority="46"
Name="Grid Table 1 Light Accent 2"/>
<w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 2"/>
<w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 2"/>
<w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 2"/>
<w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 2"/>
<w:LsdException Locked="false" Priority="51"
Name="Grid Table 6 Colorful Accent 2"/>
<w:LsdException Locked="false" Priority="52"
Name="Grid Table 7 Colorful Accent 2"/>
<w:LsdException Locked="false" Priority="46"
Name="Grid Table 1 Light Accent 3"/>
<w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 3"/>
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<span style="font-family: 'Times New Roman';"><span style="color: white;">So If
you or a loved one is facing a terminal condition, explore California’s new law
and its expanded end-of-life options. For more information about this topic,
contact me. Michelle Lerman, <a href="mailto:michelle@lermanlaw.com">michelle@lermanlaw.com</a>, 415
308-3640.</span><o:p></o:p></span></div>
Jeff Lermanhttp://www.blogger.com/profile/11475230261516116054noreply@blogger.com0tag:blogger.com,1999:blog-5905100303506216516.post-39505811471384324962015-12-21T11:32:00.002-08:002015-12-21T11:33:06.830-08:00How To Save Money Before December 31, 2015<span style="font-family: Arial, Helvetica, sans-serif;"><br /><span style="color: white;"></span></span><br />
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<span _mce_style="font-size: 12pt;" style="font-size: 12pt;"><span _mce_style="color: #245b7c;" style="color: white;"></span></span><div>
<span _mce_style="font-size: 12pt;" style="font-size: 12pt;"><span _mce_style="color: #245b7c;"><span _mce_style="font-family: Arial;" style="font-family: Arial;"><span style="color: white; font-family: Arial, Helvetica, sans-serif;">You could save thousands of dollars by either forming your new entity or dissolving unused entities between now and December 31, 2015. </span></span></span></span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;"><span style="color: white;"><strong>1. 1031 FLEXIBILITY.</strong> If you currently hold property in an LLC with one or more "partners", but want the flexibility, when you sell the property, to be able to go your separate ways [for example, you may want to do a 1031 exchange while your partner(s) want to cash out], then you need to convert your LLC into a tenancy in common ASAP (generally, at least one year before the sale and preferably in a <strong>PRIOR TAX YEAR;</strong> that means, if you think there's any possibility you will sell one of your LLC-owned real estate investments in 2016<strong>, then you MUST take care of this conversion <span _mce_style="text-decoration: underline;" style="text-decoration: underline;">before</span> 12/31/15</strong>). If you do that conversion and still want the asset protection benefits of an LLC, you need to form a new LLC to hold your TIC interest.</span></span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;"><span style="color: white;"><strong>2. IMMEDIATE TAX SAVINGS.</strong> Sec. 195 of the IRC gives you a tax deduction of <strong>UP TO $5,000</strong> of start up expenses that you spend before December 31, 2015. So, if you're thinking about forming a new entity to own your real estate, you could save money if you form it this year. </span></span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;"><span style="color: white;"><strong>3. AVOID DELAYS.</strong> Generally, Secretary of State offices are FLOODED with new filings at the beginning of January. Time frames could be longer and that means your deal may get delayed. The best way to avoid that delay, and the hundreds of dollars of additional cost involved in having to pay for an expedited filing, is to form your entity NOW.<br /><br /><strong>4.</strong> <strong>HOW TO SAVE</strong> <strong>$800 PER ENTITY ON YOUR UNUSED CORPORATIONS AND LLCs: </strong>Do you no longer use any of your LLCs? If you don't dissolve those unused entities before December 31 of this year, they'll cost you $800 next year in the annual minimum franchise tax, even if you no longer operate those companies. This is your <strong>final opportunity</strong> to dissolve unnecessary or unused entities this calendar year. Delay the dissolution by even a week and it will probably be too late to complete this process this year, meaning the Franchise Tax Board will assess another $800 against the entity.</span></span></div>
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</span><div>
<span style="color: white;"></span><br />
<span style="font-family: Arial, Helvetica, sans-serif;"><span style="color: white;">Now is a great time to stop procrastinating and clean up your business entities. Contact us today for assistance with this or any other legal matter. But hurry! Year-end crunches make delays risky. For more information about this topic, contact Jeff Lerman at 415-454-0455 x234 or </span><a href="mailto:jeff@lermanlaw.com"><span style="color: white;">jeff</span></a><a href="https://www.blogger.com/null"><span style="color: white;">@lermanlaw.com</span></a><span style="color: white;">.</span></span></div>
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Jeff Lermanhttp://www.blogger.com/profile/11475230261516116054noreply@blogger.com0tag:blogger.com,1999:blog-5905100303506216516.post-894253689973951112015-11-02T12:48:00.004-08:002015-11-02T12:48:55.825-08:00Breaking News-SEC FINALLY Adopts Final Rules to Permit Crowdfunding: What It Means To Commercial Real Estate Investors<!--[if gte mso 9]><xml>
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<span style="font-family: "Arial","sans-serif"; font-size: 12.0pt;">Last Friday, the SEC
finally, after 3 years, adopted final rules to permit companies to offer and
sell securities through crowdfunding.<span style="mso-spacerun: yes;"> </span>But,
to me, the more interesting SEC news is what’s on the horizon (keep reading to
the end of this article for more details).<span style="mso-spacerun: yes;">
</span>What does this mean to commercial real estate investors—both those who
are considering using crowdfunding to raise money for their next deal and those
who would like to use crowdfunding to invest in more real estate deals?</span></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<br /></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<span style="font-family: "Arial","sans-serif"; font-size: 12.0pt;">At the outset, as
most of my readers know, I am a syndicator (although I prefer joint ventures) and
commercial real estate investor as well as a syndication lawyer.<span style="mso-spacerun: yes;"> </span>With that “dual capacity”, I look at every
investing strategy wearing those two hats.<span style="mso-spacerun: yes;">
</span>I first ask myself, as an investor, is this a strategy I would use
myself.<span style="mso-spacerun: yes;"> </span>If it makes sense from that
business analysis, I then analyze the legal pros and cons.<span style="mso-spacerun: yes;"> </span>I would never recommend an investment
strategy to any of my clients that I, myself, have not used or would not use.</span></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<br /></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<span style="font-family: "Arial","sans-serif"; font-size: 12.0pt;">With that preliminary
explanation of my mindset, it is my personal opinion that crowdfunding is not,
in its current form and under current laws (which can and will change in the
future), any better, less expensive, easier, faster or safer of a strategy to
raise money for your deals than taking advantage of any one of multiple exemptions
to the securities laws which have been in place for decades.</span></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<br /></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<span style="font-family: "Arial","sans-serif"; font-size: 12.0pt;">This latest
development (the SEC’s approval of crowdfunding rules) doesn’t change my
opinion, despite all the media brouhaha (which unfortunately generally contains
a lot of misinformation and more often results in confusion than clarity).<span style="mso-spacerun: yes;"> </span>Basically, the new rules would:</span></div>
<div class="MsoNormal" style="text-align: justify; text-justify: inter-ideograph;">
<br /></div>
<ul style="margin-top: 0in;" type="disc">
<li class="MsoNormal" style="mso-layout-grid-align: none; mso-list: l0 level1 lfo1; text-align: justify; text-autospace: none; text-justify: inter-ideograph;"><span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-fareast-font-family: "MS Mincho"; mso-fareast-language: EN-US;">Permit a company to raise a
maximum aggregate amount of $1 million through crowdfunding offerings in a
12-month period;</span></li>
<li class="MsoNormal" style="mso-layout-grid-align: none; mso-list: l0 level1 lfo1; text-align: justify; text-autospace: none; text-justify: inter-ideograph;"><span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-fareast-font-family: "MS Mincho"; mso-fareast-language: EN-US;">Permit individual investors, over
a 12-month period, to invest in the aggregate across all crowdfunding
offerings up to:</span></li>
<ul style="margin-top: 0in;" type="circle">
<li class="MsoNormal" style="mso-layout-grid-align: none; mso-list: l0 level2 lfo1; text-align: justify; text-autospace: none; text-justify: inter-ideograph;"><span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-fareast-font-family: "MS Mincho"; mso-fareast-language: EN-US;">If either their annual income or
net worth is less than $100,000, than the greater of:</span></li>
<ul style="margin-top: 0in;" type="square">
<li class="MsoNormal" style="mso-layout-grid-align: none; mso-list: l0 level3 lfo1; text-align: justify; text-autospace: none; text-justify: inter-ideograph;"><span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-fareast-font-family: "MS Mincho"; mso-fareast-language: EN-US;">$2,000 or</span></li>
<li class="MsoNormal" style="mso-layout-grid-align: none; mso-list: l0 level3 lfo1; text-align: justify; text-autospace: none; text-justify: inter-ideograph;"><span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-fareast-font-family: "MS Mincho"; mso-fareast-language: EN-US;">5 percent of the lesser of their
annual income or net worth.</span></li>
</ul>
<li class="MsoNormal" style="mso-layout-grid-align: none; mso-list: l0 level2 lfo1; text-align: justify; text-autospace: none; text-justify: inter-ideograph;"><span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-fareast-font-family: "MS Mincho"; mso-fareast-language: EN-US;">If both their annual income and
net worth are equal to or more than $100,000, 10 percent of the lesser of
their annual income or net worth; and</span></li>
</ul>
<li class="MsoNormal" style="mso-layout-grid-align: none; mso-list: l0 level1 lfo1; text-align: justify; text-autospace: none; text-justify: inter-ideograph;"><span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-fareast-font-family: "MS Mincho"; mso-fareast-language: EN-US;">During the 12-month period, the
aggregate amount of securities sold to an investor through all crowdfunding
offerings may not exceed $100,000</span></li>
</ul>
<div class="MsoNormal" style="mso-layout-grid-align: none; text-align: justify; text-autospace: none; text-justify: inter-ideograph;">
<br /></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; text-align: justify; text-autospace: none; text-justify: inter-ideograph;">
<span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-fareast-font-family: "MS Mincho"; mso-fareast-language: EN-US;">In addition, all transactions relying on the new
rules would be required to take place through an SEC-registered intermediary,
either a broker-dealer or a funding portal.</span></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; text-align: justify; text-autospace: none; text-justify: inter-ideograph;">
<br /></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; text-align: justify; text-autospace: none; text-justify: inter-ideograph;">
<span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-fareast-font-family: "MS Mincho"; mso-fareast-language: EN-US;">The rules also prescribe disclosure requirements,
which are far more extensive and burdensome than what would be required under
several already-available securities laws exemptions.</span></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; text-align: justify; text-autospace: none; text-justify: inter-ideograph;">
<br /></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; text-align: justify; text-autospace: none; text-justify: inter-ideograph;">
<span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-fareast-font-family: "MS Mincho"; mso-fareast-language: EN-US;">For investors who are hoping these new crowdfunding
rules will give them “better” opportunities to invest, all I can say is that
they will give them more opportunities to invest.<span style="mso-spacerun: yes;"> </span>Whether or not those opportunities are any “better”
than are already available is a matter of opinion and must be evaluated on a
deal by deal basis.<span style="mso-spacerun: yes;"> </span>I have just two
words for those thinking of jumping in to a crowdfunded opportunity: “Investor
Beware”, and make sure you get good advice before making your final decision.</span></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; text-align: justify; text-autospace: none; text-justify: inter-ideograph;">
<br /></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; text-align: justify; text-autospace: none; text-justify: inter-ideograph;">
<span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-fareast-font-family: "MS Mincho"; mso-fareast-language: EN-US;">I am much more intrigued by the news that also came
out of the SEC last Friday, but for whatever reason nobody seems to be talking
about.<span style="mso-spacerun: yes;"> </span>According to the SEC press
release, it is considering whether to propose amendments to Regulation D, Rule
504.<span style="mso-spacerun: yes;"> </span>Those proposed amendments would increase
the aggregate amount of securities that may be offered and sold under Rule 504
in any 12-month period from $1 million to $5 million.<span style="mso-spacerun: yes;"> </span>If that amendment is passed, that would be
probably the most impactful securities development in decades for commercial
real estate investors.<span style="mso-spacerun: yes;"> </span>Why?<span style="mso-spacerun: yes;"> </span>Because Rule 504 has two big advantages over
every other SEC exemption: (1) it allows you to advertise, and; (2) it allows
you to sell to non-accredited investors without the heavier disclosure requirement
of other exemptions.<span style="mso-spacerun: yes;"> </span></span></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; text-align: justify; text-autospace: none; text-justify: inter-ideograph;">
<br /></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; text-align: justify; text-autospace: none; text-justify: inter-ideograph;">
<span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-fareast-font-family: "MS Mincho"; mso-fareast-language: EN-US;">We help investors around the country raise money
for the deals, whether through <a href="http://ultimateopmbootcamp.com/" target="_blank">syndication </a>or <a href="http://www.valuehoundacademy.com/public/384.cfm" target="_blank">joint ventures</a> (which allow you
to raise money without worrying about the securities laws).<span style="mso-spacerun: yes;"> </span>Whichever strategy you use, YOU MUST work
with an experienced lawyer.<span style="mso-spacerun: yes;"> </span>Since I am
an investor as well as a lawyer, I can help and understand you in ways other
lawyers cannot.<span style="mso-spacerun: yes;"> Just read some of the <a href="http://www.realestateinvestorlaw.com/Jeff-Testimonials.shtml" target="_blank">many testimonials from satisfied client</a><a href="http://www.realestateinvestorlaw.com/Jeff-Testimonials.shtml" target="_blank">s</a>.</span></span></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; text-align: justify; text-autospace: none; text-justify: inter-ideograph;">
<br /></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; text-align: justify; text-autospace: none; text-justify: inter-ideograph;">
<span style="font-family: "Arial","sans-serif"; font-size: 12.0pt;">If you would like to discuss this or any
other real estate matter in greater detail, call our office to schedule your
private strategy session with me. You’ll get the special attention of me and
our dedicated staff and we’ll make you feel right at home. Every one of
our clients is like family. We firmly believe that you can’t do any
better than having our firm represent you. Let us prove it to you.</span></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; text-autospace: none;">
<br /></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-fareast-font-family: "MS Mincho"; mso-fareast-language: EN-US;">Jeff Lerman</span><span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-fareast-language: EN-US;"></span></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-fareast-font-family: "MS Mincho"; mso-fareast-language: EN-US;">The Real Estate
Investor's Lawyer</span><span style="font-family: "MS Gothic"; font-size: 12.0pt; mso-bidi-font-family: "MS Gothic"; mso-fareast-language: EN-US;">℠</span><span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; mso-fareast-language: EN-US;"></span></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; text-autospace: none;">
<br /></div>
Jeff Lermanhttp://www.blogger.com/profile/11475230261516116054noreply@blogger.com1tag:blogger.com,1999:blog-5905100303506216516.post-87076693098692718622015-08-25T16:34:00.001-07:002015-08-27T11:08:36.627-07:00WHO “WILL” GET YOUR ASSETS? CALIFORNIA SUPREME COURT WEIGHS IN<!--[if gte mso 9]><xml>
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<br />
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<span style="font-size: large;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="color: white;"><b><span style="mso-spacerun: yes;"> </span>WHO “WILL” GET
YOUR ASSETS?</b></span></span></span></div>
<div align="center" class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-align: center; text-autospace: none;">
<span style="font-size: large;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="color: white;"><i><span style="font-family: "Times New Roman","serif"; mso-bidi-font-weight: bold;">Estate of Duke,</span></i> filed July 27, 2015</span></span></span></div>
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<span style="font-size: large;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="color: white;"><br /></span></span></span></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<span style="font-size: large;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="color: white;">If you
don’t properly document your wishes, your assets may be part of a long and expensive court battle after you die over unjustified
claims of “mistake.” </span></span></span></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<span style="font-size: large;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="color: white;"><br /></span></span></span></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<span style="font-size: large;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="color: white;"><span style="font-family: Arial,Helvetica,sans-serif;">In an historic ruling, the California Supreme Court reversed
the rule on what evidence can be used to determine the meaning of an unambiguous
Will. Rather than only looking at the document itself, in some circumstances the
Court will consider all evidence that proves the decedent’s true intention. Which
could translate into litigation over your true intention, unless you plan your
estate properly.</span></span></span></span></div>
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<span style="font-size: large;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="color: white;"><br /></span></span></span></div>
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<span style="font-size: large;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="color: white;">Irving
Duke wanted his assets to go to his wife, but if he and his wife died at the
same time, he wanted his assets going to various charitable organizations. He
handwrote a will, stating his intention. He never specified what he wanted if he
died AFTER his wife died, which is exactly what happened. </span></span></span></div>
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<span style="font-size: large;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="color: white;"><br /></span></span></span></div>
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<span style="font-size: large;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="color: white;">After Mr.
Duke died, his nephews filed a claim saying that they were the rightful heirs
despite the Will. The lower court agreed with the nephews. The charities were
out of luck because the Will, leaving the assets to charity, only applied if
Mr. Duke and his wife died simultaneously. Since that didn’t happen, the
nephews were entitled to his assets as his heirs. The court did not consider
any evidence about Mr. Duke’s estranged family relationships. </span></span></span></div>
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<span style="font-size: large;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="color: white;"><br /></span></span></span></div>
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<span style="font-size: large;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="color: white;">However,
changing 50 years of established law, the California Supreme Court ruled that such
evidence may be considered in determining the effect of Mr. Duke’s Will. The
High Court held that extrinsic evidence, meaning facts not found within the estate
planning document, may be introduced to change the effect of a Will if clear and
convincing evidence establishes a mistake and shows the decedent’s true intent.
</span></span></span></div>
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<span style="font-size: large;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="color: white;"><br /></span></span></span></div>
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<span style="font-size: large;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="color: white;">“Will”
your named beneficiaries get your assets, or will a judge determine the fate of
your assets? A carefully drafted written estate plan is the key. If you omit something,
like Mr. Duke’s omission about whether the charities should get his assets if
his wife died <u>before</u> he died, the court may decide whether to override
your stated desires. Properly document your wishes to avoid
a long and expensive court battle about your true intentions. </span></span></span></div>
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<span style="font-size: large;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="color: white;"><br /></span></span></span></div>
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<span style="font-size: large;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="color: white;"><i><span style="font-family: Arial,Helvetica,sans-serif;">If you
want to properly plan your estate, you’ll find what you need to know in my new
book</span></i><i style="mso-bidi-font-style: normal;">, <span style="mso-bidi-font-style: italic;">Create
Your Best Legacy, available in hard copy and kindle version</span></i><i><span style="font-family: Arial,Helvetica,sans-serif; mso-bidi-theme-font: minor-bidi;">: </span></i><a href="http://www.createyourbestlegacybook.com/"><i style="mso-bidi-font-style: normal;">Click
here</i></a><i style="mso-bidi-font-style: normal;"> to purchase now.</i>
</span></span></span></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<span style="font-size: large;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="color: white;"><br /></span></span></span></div>
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<span style="font-size: large;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="color: white;"><i>A published author and guest on radio and TV, attorney Michelle
C. Lerman is certified by the California Board of Legal Specialization of the
State Bar of California as a Legal Specialist in Estate Planning, Trust and
Probate Law. She has been included in the Northern California list of <b>“Super
Lawyers”</b> for 2009 and 2010. She specializes in custom legacy plans
for the unique needs of families with children. Practicing law for over 30
years, she has published numerous articles on estate planning for families.</i></span></span></span></div>
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<span style="font-size: large;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="color: white;"><br /></span></span></span></div>
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<span style="font-size: large;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="color: white;"><i style="mso-bidi-font-style: normal;">Tel: (310) 295-1951 / (415)
454-0455</i></span></span></span></div>
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<span style="font-size: large;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="color: white;"><i style="mso-bidi-font-style: normal;">E-mail: </i><a href="mailto:michelle@lermanlaw.com"><i style="mso-bidi-font-style: normal;">michelle@lermanlaw.com</i></a></span></span></span></div>
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<span style="font-size: large;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="color: white;"><i style="mso-bidi-font-style: normal;">Website: </i><a href="http://www.realestateinvestorlaw.com/"><i style="mso-bidi-font-style: normal;">www.myestateplancenter.com</i></a></span></span></span></div>
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<span style="font-size: large;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="color: white;"><i style="mso-bidi-font-style: normal;"><span style="mso-ascii-font-family: Cambria; mso-bidi-font-family: Cambria; mso-hansi-font-family: Cambria;">LinkedIn: </span></i><a href="https://www.linkedin.com/in/michellelerman"><i style="mso-bidi-font-style: normal;"><span style="color: #0000e9; mso-ascii-font-family: Cambria; mso-bidi-font-family: Cambria; mso-hansi-font-family: Cambria;">https://www.linkedin.com/in/michellelerman</span></i></a></span></span></span></div>
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<span style="font-size: large;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="color: white;"><br /></span></span></span></div>
Jeff Lermanhttp://www.blogger.com/profile/11475230261516116054noreply@blogger.com0tag:blogger.com,1999:blog-5905100303506216516.post-85656607913798681212015-08-19T21:48:00.003-07:002015-08-19T21:48:29.449-07:00Listen Now To Jeff Interviewed On "Best of Investing" Explaining a Frequently Overlooked Technique That Could Change The Way You Raise Money<div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-align: justify; text-autospace: none; text-justify: inter-ideograph;">
<span style="font-family: "Lucida Sans Unicode"; font-size: 15.0pt; mso-fareast-font-family: "MS 明朝"; mso-fareast-theme-font: minor-fareast;">I teach real estate investors all
around the country how to raise money for their deals. The most popular
money-raising technique is syndication. But that can be expensive,
complicated and literally unavailable to investors who need money for their
deal right now.<o:p></o:p></span></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<br /></div>
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<span style="font-family: "Lucida Sans Unicode"; font-size: 15.0pt; mso-fareast-font-family: "MS 明朝"; mso-fareast-theme-font: minor-fareast;">So, when I teach syndication, or
when I meet with clients privately, I always make sure to tell them there's
another way. A way that's cheaper, easier, faster and safer than
syndication (that's right I'm going to tell you how you can pay me LESS to get
the result you want).<o:p></o:p></span></div>
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<br /></div>
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<span style="font-family: "Lucida Sans Unicode"; font-size: 15.0pt; mso-fareast-font-family: "MS 明朝"; mso-fareast-theme-font: minor-fareast;">When I teach this technique, it's
more often than not an epiphany for investors. In fact, when I recently
explained it to one investor with a sizable portfolio, I could see his eyes
grow wide as he began to understand and consider the impact this could have on
his business and solving one of his biggest challenges (in fact, the biggest
challenge for most investors). This is how he explained his experience in
a testimonial:<o:p></o:p></span></div>
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<span style="color: white;"><span style="font-family: 'Helvetica Neue'; font-size: 15pt;">"I had the opportunity to discuss our real estate holdings
with Jeffrey H. Lerman a few weeks ago in Boston where he was a special guest
speaker at a real estate business event. <b>In just a few brief moments, Jeff
was able to assess my business model and open my eyes to the extraordinary use
and leverage of</b> [the overlooked technique]. <b>I never would have imagined
establishing the structures Jeff was able to explain in easy-to-understand
language, and to create the potential for growth beyond our imagination within
our grasp. It was right in front of us, and never even knew it was there. Jeff,
I cannot thank you enough for your insight, clarity of concepts, and creative
ways your mind works to help build better businesses for your clients'
continued success." </b>(emphasis added).</span><span style="font-family: Times; font-size: 15.0pt; mso-bidi-font-family: Times; mso-fareast-font-family: "MS 明朝"; mso-fareast-theme-font: minor-fareast;"><o:p></o:p></span></span></div>
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<span style="font-family: 'Helvetica Neue'; font-size: 15pt;"><span style="color: white;">---Brian Lucier</span></span><span style="font-family: Times; font-size: 15.0pt; mso-bidi-font-family: Times; mso-fareast-font-family: "MS 明朝"; mso-fareast-theme-font: minor-fareast;"><o:p></o:p></span></div>
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<span style="font-family: "Lucida Sans Unicode"; font-size: 15.0pt; mso-fareast-font-family: "MS 明朝"; mso-fareast-theme-font: minor-fareast;">Curious what this frequently
overlooked strategy is? <span style="color: blue;"><a href="https://www.hightail.com/download/bXBiQ1ZxZy90Ni9OUjhUQw?cid=tx-02002207340200000000&s=19102" target="_blank">Click here to listen now</a></span> (download it NOW
because the link expires on August 26!) to an interview I did on the "Best
of Investing" radio show and podcast where I reveal it. Make sure to
listen to the entire interview.<o:p></o:p></span></div>
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<span style="font-family: "Lucida Sans Unicode"; font-size: 15.0pt; mso-fareast-font-family: "MS 明朝"; mso-fareast-theme-font: minor-fareast;">Sincerely,<o:p></o:p></span></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<span style="font-family: "Lucida Sans Unicode"; font-size: 15.0pt; mso-fareast-font-family: "MS 明朝"; mso-fareast-theme-font: minor-fareast;">Jeff
Lerman<o:p></o:p></span></div>
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<span style="font-family: "Lucida Sans Unicode"; font-size: 15.0pt; mso-fareast-font-family: "MS 明朝"; mso-fareast-theme-font: minor-fareast;">The Real
Estate Investor's Lawyer<o:p></o:p></span></div>
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<span style="font-family: "Lucida Sans Unicode"; font-size: 15.0pt; mso-fareast-font-family: "MS 明朝"; mso-fareast-theme-font: minor-fareast;">P.S. If you would like to
discuss this or any other real estate matter in greater detail, call our office
to schedule your private strategy session with me. </span><span style="font-family: "Lucida Sans"; font-size: 15.0pt; mso-bidi-font-family: Arial; mso-fareast-font-family: "MS 明朝"; mso-fareast-theme-font: minor-fareast;">You’ll get the
special attention of me and our dedicated staff and we’ll make you feel right
at home. Every one of our clients is like family. We firmly believe
that you can’t do any better than having our firm represent you. Let us
prove it to you.</span><o:p></o:p></div>
Jeff Lermanhttp://www.blogger.com/profile/11475230261516116054noreply@blogger.com1tag:blogger.com,1999:blog-5905100303506216516.post-2788157391658765532015-06-10T11:45:00.002-07:002015-06-10T11:45:35.920-07:00Success Story: How To Resolve Your Neighbor Problem At a Fraction of the Cost of Going to Court<!--[if gte mso 9]><xml>
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<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Arial","sans-serif";"><span style="mso-tab-count: 1;"> </span>Neighbor disputes come in a variety
of flavors.<span style="mso-spacerun: yes;"> </span>Sometimes they arise out of
trees that have grown to the point where they block views, or out of easements
that are claimed to have been abused or abandoned, or out boundaries that are
disputed, or out of damage resulting from construction.<span style="mso-spacerun: yes;"> </span>But according to a recent <i style="mso-bidi-font-style: normal;">FindLaw </i>survey, the most common neighbor
dispute, by far, is <b style="mso-bidi-font-weight: normal;">noise</b>.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Arial","sans-serif";"><span style="mso-tab-count: 1;"> </span>Of course, the best way for neighbor
noise complaints to be resolved is by the neighbors simply talking with each
other and working out their issues by themselves.<span style="mso-spacerun: yes;"> </span>Unfortunately, however, that doesn’t always
work and sometimes neighbors are forced to “lawyer up.”<span style="mso-spacerun: yes;"> </span>But that doesn’t have to lead to a long,
drawn-out, expensive court battle.<span style="mso-spacerun: yes;">
</span>Sometimes a little “creative lawyering” can achieve a quick, inexpensive
outcome that leaves both sides happy.<span style="mso-spacerun: yes;">
</span>Here’s a recent example:</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial","sans-serif";">Problem:<span style="mso-spacerun: yes;"> </span></span></b><span style="font-family: "Arial","sans-serif";">We
represented a client who, many years ago, bought a home across the street from
an elementary school baseball field.<span style="mso-spacerun: yes;"> </span>For
many years our client and the school district co-existed in harmony.<span style="mso-spacerun: yes;"> </span>However, things turned south when the local
little league, which uses the baseball field in the Spring and Summer, not only
expanded their schedule to 4 – 8 p.m. <i style="mso-bidi-font-style: normal;">every
weekday evening</i> and for <i style="mso-bidi-font-style: normal;">8 hours every
Saturday</i>, but also began to use the school district’s <i style="mso-bidi-font-style: normal;">public address system </i>for a running commentary on every batter,
every play, every ball, and every strike.<span style="mso-spacerun: yes;">
</span>To make matters worse, the speakers, permanently installed on the top
level of a “snack shack” behind homeplate, weren’t pointed in the direction of
the first- and third-base lines were the stands were located.<span style="mso-spacerun: yes;"> </span>You guessed it – they were pointed directly <i style="mso-bidi-font-style: normal;">out</i> from homeplate, and directly <i style="mso-bidi-font-style: normal;">toward</i> our client’s home. <span style="mso-spacerun: yes;"> </span>Even with all of her doors and windows shut
tight, it was as if, every few minutes during the baseball season, 6 days a
week, the little league announcer was standing in our client’s home, shouting out
the names of every batter, and announcing every play.<span style="mso-spacerun: yes;"> </span>Not only did this noise intrusion interfere
with our client’s use and enjoyment of her home (which she also used as her
office), but it also potentially affected the home’s value because it would
have to be disclosed to potential buyers.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Arial","sans-serif";"><span style="mso-tab-count: 1;"> </span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Arial","sans-serif";"><span style="mso-tab-count: 1;"> </span>Our client complained to the school
district and the little league for several years, to no avail.<span style="mso-spacerun: yes;"> </span>To the contrary, although the school district
gave some “lip service” to trying to be a good neighbor, neither they nor the
little league took her seriously.<span style="mso-spacerun: yes;"> </span>To the
contrary, they pretty much dismissed her as the “crazy neighbor lady” who
doesn’t like kids.<span style="mso-spacerun: yes;"> </span>(Nothing could have
been further from the truth.)<span style="mso-spacerun: yes;"> </span>That’s
where we came in.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial","sans-serif";">Solution:</span></b><span style="font-family: "Arial","sans-serif";"><span style="mso-spacerun: yes;">
</span>It became apparent early on that neither the school district nor the
little league were going to take the situation seriously without our “turning
up the heat” a bit.<span style="mso-spacerun: yes;"> </span>We did that by way
of a carefully-worded demand letter.<span style="mso-spacerun: yes;"> </span>In
that letter we reminded both the school district and the little league that the
ongoing noise from the baseball field constituted a “continuing private
nuisance,” for which they could be liable for damages.<span style="mso-spacerun: yes;"> </span>We also reminded the school district that, as
a public entity allowing the little league to create the noise problem on the
district’s property, it could be found liable for “inverse condemnation” (the
wrongful “taking” of our client’s property rights), potentially making them
liable to our client not only for damages but also for all of her attorney’s
fees.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Arial","sans-serif";">Fortunately,
our demand letter had the desired effect.<span style="mso-spacerun: yes;">
</span>The district responded through its own attorneys, and a direct line of
communication was established, lawyer to lawyer, to negotiate a creative
outcome through a series of follow-up phone conversations.<span style="mso-spacerun: yes;"> </span>That outcome included the district’s written
confirmation that the old public address system had been removed and that there
were no current plans to reinstall it.<span style="mso-spacerun: yes;">
</span>The district further agreed to the following conditions if a PA system
were to be reinstalled within the next 10 years: </span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<ul style="margin-top: 0in;" type="disc">
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; tab-stops: list .5in; text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial","sans-serif";">Advance notice:</span></b><span style="font-family: "Arial","sans-serif";"><span style="mso-spacerun: yes;">
</span>The district will give our client 60 days advance written notice,
with details of the proposed system, and the commitment to work with her,
or any successor owner of her home, to design, install, and operate the
new system in a way that minimizes its sound impact upon her home.</span></li>
</ul>
<div class="MsoNormal" style="margin-left: .25in; text-align: justify;">
<br /></div>
<ul style="margin-top: 0in;" type="disc">
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; tab-stops: list .5in; text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial","sans-serif";">Minimum technical
specifications:<span style="mso-spacerun: yes;"> </span></span></b><span style="font-family: "Arial","sans-serif";">The technical specifications of
any new system will meet or exceed those of a new system the district had
recently installed at a different school location, and which resolved a similar
problem at that location.</span></li>
</ul>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<ul style="margin-top: 0in;" type="disc">
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; tab-stops: list .5in; text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial","sans-serif";">Proper installation of new
speakers:<span style="mso-spacerun: yes;"> </span></span></b><span style="font-family: "Arial","sans-serif";">The old speakers installed on the
“snack shack” behind homeplate will be removed, and any new speakers will
be installed no higher than 10 feet from the ground, and oriented in such
a way as to direct sound away from our client’s property.</span></li>
</ul>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<ul style="margin-top: 0in;" type="disc">
<li class="MsoNormal" style="mso-list: l0 level1 lfo1; tab-stops: list .5in; text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial","sans-serif";">Binding on any users of the
field:<span style="mso-spacerun: yes;"> </span></span></b><span style="font-family: "Arial","sans-serif";">Any permissive user of the
baseball field will be given a copy of the letter agreement and told that
compliance with the agreement was a condition of their use of the field.</span></li>
</ul>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify; text-indent: .25in;">
<span style="font-family: "Arial","sans-serif";">With this creative, informal outcome –
<b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;">one
which likely could not be achieved in court, and which avoided tens of
thousands of dollars in litigation costs</i></b> – our client not only regained
the enjoyment of her home, but also protected its value.</span></div>
<div class="MsoNormal" style="text-align: justify; text-indent: .25in;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial","sans-serif";">Lesson:</span></b><span style="font-family: "Arial","sans-serif";"><span style="mso-spacerun: yes;">
</span>Although neighbors should always first try to resolve problems on their
own, if that doesn’t work and a lawyer has to be brought in, a carefully-worded
demand letter can “grease the wheels” for a productive dialogue that can result
in a win-win, without the need for litigation.<span style="mso-spacerun: yes;">
</span>And although sometimes (as in the baseball field example) that result
can be achieved by the parties and lawyers themselves, sometimes it may also be
necessary to enlist the services of a skilled mediator.<span style="mso-spacerun: yes;"> </span>(Click <b style="mso-bidi-font-weight: normal;"><u><span style="color: blue;"><a href="http://realestateinvestorlaw.blogspot.com/2014/11/success-story-how-to-settle-your.html">here</a></span></u></b>
for our prior post on <b style="mso-bidi-font-weight: normal;"><u>mediation</u></b>.)</span></div>
<div class="MsoNormal" style="text-align: justify; text-indent: .25in;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Arial","sans-serif";">If
you find yourself in a dispute, we can help you in several ways.<span style="mso-spacerun: yes;"> </span>First, because we are skilled real estate and
litigation attorneys with over 85 years of combined experience, we can help by
negotiating creative, pre-litigation outcomes such as the one mentioned
above.<span style="mso-spacerun: yes;"> </span>Second, because Phil Diamond of
this office is also a highly experienced and respected mediator, when mediation
is necessary we can help you in preparing for mediation, and we can be there at
your side during the entire process.<span style="mso-spacerun: yes;"> </span>Third,
if you are already represented by counsel, Phil can provide mediation services
for you through his separate mediation practice,<span style="color: blue;"> <b style="mso-bidi-font-weight: normal;"><u><a href="http://www.diamonddisputeresolution.com/">Diamond Dispute Resolution</a></u></b></span>.
And fourth, if mediation is either not available in your situation or if your case
falls into the minority of matters that fail to result in settlement even with
mediation, <b style="mso-bidi-font-weight: normal;"><span style="color: blue;"><a href="http://www.realestateinvestorlaw.com/Practice-Areas/Resolve-Disputes.shtml">we
are aggressive, creative litigators and we can represent you in arbitration or
court</a>.</span></b><span style="mso-spacerun: yes;"> </span></span></div>
<div class="MsoNormal" style="margin-left: .25in; text-align: justify; text-indent: .25in;">
<br /></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-align: justify; text-autospace: none;">
<span style="font-family: "Arial","sans-serif";">If
you're encountering a problem with a neighbor that needs the assistance of
counsel, come to our Firm. You’ll get the special attention of me, Phil,
and our dedicated staff. We’ll go the extra mile to see that you receive
the maximum compensation and full justice you deserve. Every one of our
clients is like family. We’ll keep you fully informed every step of the
way and make sure you are part of the process. We firmly believe that you
can’t do any better than having our firm represent you. Let us prove it
to you.</span></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-align: justify; text-autospace: none;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<b><span style="font-family: "Arial","sans-serif";">If
you have a dispute you’d like to discuss, please mention this blog post when
you contact us and you’ll receive a free consultation (a $125 minimum
value). Call 800-553-7626 or e-mail <a href="mailto:jeff@lermanlaw.com">jeff@lermanlaw.com</a>
or <a href="mailto:philipdiamond@comcast.net">philipdiamond@comcast.net</a>.</span></b><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial","sans-serif";"></span></b></div>
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Jeff Lermanhttp://www.blogger.com/profile/11475230261516116054noreply@blogger.com0tag:blogger.com,1999:blog-5905100303506216516.post-65144500622326129272015-01-27T12:26:00.001-08:002015-01-27T12:26:26.608-08:00NMHC 2015 Apartment Market Forecast<!--[if gte mso 9]><xml>
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Last week, the National
Multifamily Housing Council held its annual Apartment Strategies Outlook
Conference where its panel of experts gave their respective forecasts on which
apartment markets will be hot or not in 2015.<span style="mso-spacerun: yes;">
</span>Here are some of the highlights:</div>
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<b style="mso-bidi-font-weight: normal;">HOT:</b></div>
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San Francisco Bay Area (especially Oakland and San Jose)</div>
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Pacific Northwest</div>
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San Diego</div>
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Orange County</div>
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Los Angeles</div>
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Denver </div>
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Dallas</div>
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Detroit</div>
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Indianapolis</div>
<div class="MsoNormal">
Columbus</div>
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Chicago</div>
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Atlanta</div>
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South Florida</div>
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Central Florida</div>
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Tampa</div>
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Orlando</div>
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Boston</div>
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New York</div>
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<br /></div>
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<b style="mso-bidi-font-weight: normal;">NOT:</b></div>
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Houston</div>
<div class="MsoNormal">
Austin</div>
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Washington, D.C.</div>
<div class="MsoNormal">
<br /></div>
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We represent multifamily investors buying and selling apartments
throughout the United States.<span style="mso-spacerun: yes;"> </span>We can
help you with your <a href="http://www.realestateinvestorlaw.com/Practice-Areas/Buy-or-Sell-a-Property.shtml" target="_blank">purchase and sale agreements</a>, <a href="http://www.valuehoundacademy.com/public/405.cfm" target="_blank">asset protection</a>, <a href="http://www.realestateinvestorlaw.com/Practice-Areas/Form-an-Ownership-Entity.shtml" target="_blank">entity formation</a>, <a href="http://ultimateopmbootcamp.com/" target="_blank">syndication</a>, <a href="http://www.realestateinvestorlaw.com/Practice-Areas/Deal-with-Partners-Investors.shtml" target="_blank">joint ventures, </a><a href="http://www.realestateinvestorlaw.com/Practice-Areas/Negotiate-Loan-Documents.shtml" target="_blank">loan documents</a>, <a href="http://www.realestateinvestorlaw.com/Practice-Areas/Deal-with-Contractors.shtml" target="_blank">construction agreements</a>
and virtually any other transaction involving your apartment building.<span style="mso-spacerun: yes;"> </span>For more information, please e-mail
jeff@lermanlaw.com.</div>
Jeff Lermanhttp://www.blogger.com/profile/11475230261516116054noreply@blogger.com0tag:blogger.com,1999:blog-5905100303506216516.post-45287819150191238152015-01-22T15:18:00.001-08:002015-01-22T15:29:14.738-08:00Apartment Owners: How To Get The Biggest Loan and Sale Price For Your Apartments<!--[if gte mso 9]><xml>
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<br />
<div class="MsoNormal" style="text-align: justify;">
As an apartment owner, you
understand that the amount of your profits will be determined by how big a loan
you can get when you purchase or refinance and by the price you are ultimately able
to get for your property when you sell. <span style="mso-spacerun: yes;"> </span>As a fellow apartment owner, and as The Real
Estate Investor’s Lawyer<sup>SM</sup>, I do everything I can to make sure my properties
are optimized to get the biggest loan and sale price well before I contact the
lender or list my property for sale.<span style="mso-spacerun: yes;">
</span>That requires a combination of good business and legal planning.</div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-layout-grid-align: none; text-autospace: none;">
I now want to share <a href="https://www.hightail.com/download/UlRRN3RTSWU5RllLSk1UQw" target="_blank">my step-by-step playbook</a> (this link will expire February 5, 2015, so try to download it before then; if you miss that deadline, send me an e-mail and I'll send you a new link) with you to help you do the same…at no charge. I have put
together a special report called:</div>
<h2 align="center" class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt; text-align: center;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: large;"><b>WHEN YOUR PROPERTY</b></span></span></h2>
<h2 align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-layout-grid-align: none; text-align: center; text-autospace: none;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: large;"><b>IS UNDER THE MAGNIFYING GLASS</b></span><b><i> </i></b></span></h2>
<h2 align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-layout-grid-align: none; text-align: center; text-autospace: none;">
<span style="font-family: Arial,Helvetica,sans-serif;"><b><i>What every commercial property owner
must know to prepare for the financing, refinancing or sale of your real estate</i></b></span></h2>
<br />
I wrote <a href="https://www.hightail.com/download/UlRRN3RTSWU5RllLSk1UQw" target="_blank">this special repor</a>t to
work for virtually any commercial property, whether it’s apartments, shopping
centers, office buildings, industrial buildings, or any commercial income
property.<span style="mso-spacerun: yes;"> </span>You will recognize those items
that apply to your apartments and the ones that do not.<span style="mso-spacerun: yes;"> </span><br />
<div class="MsoNormal">
<span style="mso-spacerun: yes;"> </span>
</div>
<div class="MsoNormal" style="text-align: justify;">
As a lawyer and investor, I can’t
tell you how many times I’ve dealt with sellers who were not prepared when they
entered into a contract to sell their property.<span style="mso-spacerun: yes;">
</span>They didn’t have their documents organized on time, they didn’t understand
their property as well as I did.<span style="mso-spacerun: yes;"> </span>As a
result, they “paid” for their lack of preparation by leaving money on the table
when they sold…sometimes a lot of money.<span style="mso-spacerun: yes;"> </span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
Don’t be that seller.</div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
Please <a href="https://www.hightail.com/download/UlRRN3RTSWU5RllLSk1UQw" target="_blank">click here now to download your free copy of this special report</a>.<span style="mso-spacerun: yes;">
</span>Give a copy of it to your property manager as a guide to help you be as
prepared as possible.<span style="mso-spacerun: yes;"> </span>Use it yourself as
a roadmap for the financing and sale process.<span style="mso-spacerun: yes;"> </span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
If you have any questions about
the guide or about your next transaction, feel free to drop me an e-mail (<a href="mailto:jeff@lermanlaw.com">jeff@lermanlaw.com</a>) or call our office (415-454-0455
or toll-free 800-553-7626).<span style="mso-spacerun: yes;"> </span></div>
Jeff Lermanhttp://www.blogger.com/profile/11475230261516116054noreply@blogger.com0