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Greg Boots

Real Estate Law

Piercing the Veil: Holding Owners Liable for the Acts of the Business

by Greg Boots | May 7, 2009

While visiting the Starting Out Forum here on BiggerPockets, I read through a thread titled “LLC Controversy”. Instead of responding to the thread directly, I decided to write this blog to address a fundamental issue for every investor, myself included: Why even bother setting up a business entity if my assets will be attached [...]

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Real Estate

Which is the Best Business Structure for Real Estate Investors?

by Greg Boots | April 8, 2009

Image by Oregon State University Archives via Flickr

Anyone who has closed on a purchase of real estate knows one simple fact: the legal profession kills a lot of trees. In a typical closing with traditional financing, all of this paperwork may seem excessive, but it is a necessary evil. The multitude of pages [...]

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Real Estate

A Little Bit of Zen: You Own the Business But The Business Is Not You

by Greg Boots | April 2, 2009

I am always amazed at how many attorneys let their clients loose with a new investment company without spending the time to go over how to actually use the business. There is a learning curve associated with properly running a business. I know that you are devoting your time to your investing. [...]

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Real Estate Deals

Series LLCs and Real Estate Investing: A Primer – Look Before You Leap, Though!

by Greg Boots | March 25, 2009

By now most investors are aware that Limited Liability Companies (LLCs) are designed to help insulate the owner (member) of the LLC from the liabilities that may arise on an investment property held within the LLC. What has drawn confusion and massive amount of debate is whether or not an investor should create a [...]

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Real Estate

The Asset Protection Misconception: Why Insurance Alone Isn’t Enough

by Greg Boots | March 18, 2009

“Why did my financial advisor tell me that in order to achieve asset protection for my investment properties, I only need a general liability policy?” This is a question I am consistently asked by investors when I am speaking throughout the country. Don’t get me wrong, I am a huge advocate of [...]

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Real Estate Investing

Land Trusts and Asset Protection, a Primer

by Greg Boots | March 11, 2009

There has been much published in regard to land trusts. However, many real estate investors are completely oblivious to the fact that the land trust, in and of itself, provides absolutely no asset protection. Don’t get me wrong, land trusts are great vehicles for privacy, but privacy will only take you so far. [...]

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Real Estate Investing

Wholesale Real Estate Transactions: Avoiding Dealer Classification

by Greg Boots | March 4, 2009

When most investors think about business planning for their real estate investments, their main focus tends to be strictly on asset protection. However, there is a genuine need to also focus on potential adverse tax consequences depending upon the type of real estate transactions that you have targeted for your investing strategy. Wholesaling properties falls [...]

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