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STEIN LAW, PLC
Recent Developments

February 2010

A Fool and His Money 

             Rising tides lift all boats. In our immediately preceding real estate boom, everyone was an "investor" and everyone made money.  Opportunities are present in this market, but without traditional financing available, the risks and rewards are far greater when you are not playing with the bank's money.

            Without generous market appreciation, investors need to be much smarter and more selective about which projects to choose and how much to pay for them.  In the past, many investors left the bulk of the due diligence and financial analysis to their lenders.  However, today's cash buyers cannot rely on any assistance from bank underwriting to expose project weaknesses.   The banks are also not there now to ensure that transactions are properly documented and all boxes have been checked.

             While a cash deal may seem like an appropriate time for a cavalier attitude toward formalities, it is precisely in this situation that investors are most exposed.  And this goes far beyond having a properly formed LLC (which you should!). 
 
            Now more than ever, cash buyers need to focus on:
 

         Due diligence and investigations

         Conservative underwriting criteria

         Structuring a deal to protect both personal and professional assets

         Properly papering a deal to receive the full benefit of your bargain

 
            Cash is powerful, but as our pal Spiderman cautions, "with great powers, come great responsibility."  It is your money, protect it!
 
            For more information please call (480) 889-8948, send an email to info@steinlawplc.com  or visit www.SteinLawPLC.com.
Speaking Engagements
Scott J. Stein will be presenting at Jewish Business University hosted by Jewish Professionals of Phoenix (JPOP) and the Jewish Federation of Greater Phoenix (www.jewishphoenix.org) on Tuesday, March 2nd on Choosing the Right Legal Entity When Forming a Business.
In the News
Attorney At Law Magazine features Scott J. Stein of Stein Law, PLCScott J. Stein was exclusively featured as the "Sole Practitioner of the Month" in the premier issue of Attorney At Law Magazine, a new magazine being launched for private practice attorneys in Maricopa County.
 
 Scott J. Stein of Stein Law, PLC People to Know in Commercial Real Estate
Scott J. Stein was named among the 2009 Top People To Know In Commercial Real Estate by AZRE (Arizona Commerical Real Estate) Magazine in the Attorney category.
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