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A Practical Approach to Real Estate and Business Law

The Wisdom of Purchasing a Property in Foreclosure in California

July 1, 2020

If you are considering purchasing a residential property in California that is in foreclosure, you should be aware that you are about to engage in heavily regulated activity. Those of you that know me are aware that I am no fan of burdensome regulation.  But, if you are seeking to invest in residential properties, you…

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Investing in Real Estate? Don’t Use a Suspended LLC or Corporation

January 6, 2020

If you are investing in real estate through a suspended LLC or corporation, this is a bad idea.   Imagine that you have identified a fantastic real estate investment opportunity, and you have the purchase of this real estate under contract. However, before you close escrow, the seller develops sellers’ remorse. The seller tells you that unless you substantially…

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California’s New Rent Control Law

September 30, 2019

California legislators just passed a historic rent control bill, becoming one of a growing list of states to pass statewide rent control and other tenant protections.  The bill is expected to be signed into law by Governor Gavin Newsom, who supported its passage through the legislature.  Read on for details about the new law, and…

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New Real Estate Fraud Charges Against Woman Already Accused of Multi-Million Dollar Scam Targeting Elderly Californians

July 31, 2019

Real estate ownership and management can be complicated, particularly for elderly Americans.  California has several laws in place that specifically protect the elderly in property transactions in order to prevent unscrupulous parties from taking advantage by means of fraud or undue influence.  A recent criminal fraud case out of Los Angeles illustrates how a deceitful…

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Is a Bridge Loan a Good Idea?

June 28, 2019

Flipping real estate, especially if you’re a relatively new investor, may entail purchasing a new property before the sale of a previous investment is complete. This may mean that funds critical to a new purchase are tied up but will soon become available. In these cases, some real estate investors opt to take out bridge…

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California Passes New Statutory CEQA Exemption

May 29, 2019

As readers of this blog know, the regulatory requirements imposed by the California Environmental Quality Act (CEQA) can increase the cost, time, and overall difficulty of real estate development.  Any new exemption or other limitation on CEQA’s purview is a boon for real estate developers looking to limit cost.  The California Legislature recently enacted a…

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