Archive of Greg Boots's Articles
Greg is a licensed attorney and nationally recognized public speaker focusing on the topics of business formation, estate planning and retirement planning strategies.
Greg has written 8 article(s) for the BiggerPockets Blog.
Real Estate Law by Greg Boots | May 7, 2009While 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 from [...]
Real Estate by Greg Boots | April 15, 2009Image via Wikipedia I just scrapped the blog I was writing because of a phone call I received. The call was from a man that I met on the east coast while teaching an event a couple of months ago. When I met him he was winding down on an audit that he was going [...]
Real Estate by Greg Boots | April 8, 2009Image 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 is [...]
Real Estate by Greg Boots | April 2, 2009I 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. Don’t worry, the [...]
Real Estate Deals by Greg Boots | March 25, 2009By 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 Series [...]
Real Estate 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 insurance, but in [...]
Real Estate Investing by Greg Boots | March 11, 2009There 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. You must [...]
Real Estate Investing by Greg Boots | March 4, 2009When 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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