Jim Hitt, CEO of American IRA, Self Directed IRA Administrators, will be attending the “Lease Options and Practical Issue” seminar where Attorney Norm Praet will discuss the legal and practical issues and considerations involved in lease option agreements.
Lease Option strategies can be used by buyers of property, sellers of property, landlords and self directed retirement account owners (including self directed Solo 401(k)s, self directed Traditional IRAs, and self directed Roth IRAs). This will be a ground-up discussion including formation of the business entity that you use for the transaction, lease option law changes, property selection, tenant selection, contract negotiation, mortgage and seller financing laws including the SAFE Mortgage Act, Mortgage Rescue Laws, Land Sale Contract Law Changes, Realtor Licensing requirements (and how to avoid them legally), and relevant lease provisions.
TREIA Members will provide Case Studies of Lease Option Transactions.
This event will be beneficial even to people who are not lease option investors. Everyone should attend because many of the issues discussed will be relevant to a wide variety of investment scenarios and lease options are used all over the country and are particularly popular in North Carolina.
Jim Hitt says, “This is a must attend event for anyone that is serious about investing with their Self Directed IRA account! As with anything you want to do in life, you need the right tools to get the job done and this is one important tool you will not want to do without! Lease options are the ideal tool for people with small retirement accounts that want to make significant profits.”
Norm Praet is an experienced real estate and business attorney who serves the Triangle and surrounding regions. He is a member of TREIA, the Wake County Apartment Association, and the Triangle Apartment Association. He represents many real estate investors, property owners and managers, and businesses in areas including a wide variety of residential and commercial real estate leasing and closing, business formations, landlord-tenant disputes, real estate and business litigation, and collections. Norm is a principal member of the Praet Law Firm, PLLC and can be reached at (919) 627-7261 or npraet(at)praetlaw(dot)com.