At Northwest Law, we take pride in helping our clients achieve their business and investment goals with confidence and legal security. Recently, we had the privilege of assisting a client in acquiring and structuring a real estate investment portfolio in the Spokane area. With a vision for long-term wealth generation, our client purchased three distinct properties with different investment strategies in mind.
A Strategic Real Estate Investment Plan
Our client’s new investment portfolio included:
- A single-family home designated for long-term leasing to tenants.
- A quadplex intended for stable, long-term rental income.
- A vacant lot, where our client plans to build a shipping container home and list it as a short-term vacation rental on platforms like VRBO and Airbnb.
How Northwest Law Made It Happen
Navigating real estate investments requires careful legal planning, and our team at Northwest Law ensured that our client’s investments were structured for success. Here’s how we assisted:
- Business Formation & Asset Protection: We helped our client establish a legal business entity to hold their investment properties, providing asset protection and tax benefits.
- Lease & Rental Agreement Drafting: Our legal team created ironclad long-term lease agreements for the single-family home and quadplex to protect our client’s interests while ensuring compliance with Washington landlord-tenant laws.
- Vacation Rental Compliance & Listing Assistance: For the short-term rental property, we guided our client through local zoning laws, permits, and tax requirements to ensure full compliance. We also assisted in preparing rental agreements for guests.
- Marketing Strategy Implementation: Understanding the importance of visibility, our client partnered with Send Help Media, a marketing firm based in Waco, Texas, to promote their rental properties to the right audiences.
- Insurance & Risk Management: We worked with our client to secure the appropriate insurance policies, including landlord insurance for the long-term rentals and specialized coverage for the vacation rental property.
- Closing & Transaction Assistance: Northwest Law oversaw the purchase agreements, title transfers, and due diligence, ensuring a seamless transaction process for all three properties.
Building a Strong Foundation for Success
By working with Northwest Law, our client now has a well-structured real estate business with strong legal protections and a clear path to profitability. With all contracts, agreements, and compliance matters in place, they can confidently move forward in their real estate journey.
Investing in Real Estate? Let Northwest Law Help You!
If you’re looking to build or expand your real estate portfolio in the Spokane area, Northwest Law is here to guide you every step of the way. From business formation to contracts and compliance, we provide the legal expertise you need to succeed.
📞 Tel: (509) 362-1292
📧 Email: info@northwest-law.com
We offer FREE consultations and proudly serve clients across the Spokane area and beyond.
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