T. Andrew Lingle has been representing commercial and residential real estate investors for more than 20 years. There are many investor programs on the market, and we often see TV and print advertising boasting of easy profits in real estate. While there is significant profit potential, there are also many potential liabilities that investors should be aware of. Many of the advertised programs are not geared toward doing business in Virginia, and they often ignore certain realities that can frustrate your ability to earn a profit. Real estate investors should associate with an attorney who works with non-traditional transactions on a regular basis. Even experienced real estate attorneys are accustomed to dealing with “routine” real estate transaction and may not be well suited to working with investors using non-traditional methods of buying, selling and financing transactions.
We frequently work with investors who “flip” properties, as well as those who buy, renovate and lease properties. We handle assignments, simultaneous closings, private financing, "hard money" financing, long or short-term lease-options, “subject to” closings, installment sales (contract for deed) and land trusts. Many of these transactions involve distressed properties, such as short sales and foreclosures, and properties that are tied up in estates or divorces. Our staff and our affiliated title company are accustomed to these transactions, so we can provide a smooth closing even under difficult circumstances.
If you are a real estate investor in Virginia we can absolutely help you improve your business based on extensive knowledge and experience in this area.