Real Estate Appraisal Expert Witness Los Angeles - Real Estate Law
A. Scott Herd is an experienced real estate professional with special qualifications as an expert witness in cases across Southern California. 310-285-9600.
How to Succeed at Real Estate Investing
Real estate is part of a well-balanced portfolio for most investors. But it’s a complex area and there are essential components to consider before entering the field:
* Plan in advance
* Consider all costs
* Evaluate risk
Planning in advance means setting a financial goal and finding property that will provide those results. Considering all costs includes transactions and capital expenditures. Evaluating risk means making sure the investor isn’t overleveraged and carries all necessary insurance.
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Despite what they say on infomercials, real estate investing isn’t a get-rich-quick scheme. It takes hard work, research, time and hard-earned money.
Some investors think that they can do it all on their own. But there are significant benefits to bringing in outside assistances, from Realtors to appraisers to insurers and attorneys. Attorneys provide valuable assistance in these areas:
* Reviewing contracts
* Title searches / addressing liens
* Filings
* Potential litigation
Reviewing contracts means that the attorney makes sure that the contract reflects the negotiations and all applicable laws. Title searches means that the attorney verifies that the seller holds full rights to the property unencumbered by liens or judgments. Potential litigation includes any claims by the buyer that the seller failed to disclose any problems with the property.
Attorneys can provide important safeguards in the real estate investing process. Any problems with transfer of a deed could result in tax problems. Any failures to clear building permit issues may result in fines or even an order to tear down a structure.
Eventually, something may go wrong and an attorney will have to take your case to trial. If that happens, sometimes expert witnesses are needed for testimony that bolsters their case.
A prominent Southern California real estate professional is A. Scott Herd. He has served as a real estate appraisal expert witness in Orange County, the Inland Empire and San Diego. Call 310-285-9600 for more information.