So this is my last post this week and I first of all want to thank you for all the warm responses, compliments and the feeling you gave me - that you are full partners in the path I have taken and still go through as an entrepreneur and real estate attorney. And of course to the group managers on stage and the opportunity to share the story and the way I went.
This post will try to give you some more value before finishing. My goal is for you to come out with a basic set of legal and entrepreneurial tools that will accompany you in real estate transactions and be like a compass for you and see the opportunities at every difficulty along the way.
So earlier this week I brought you back somewhere to the 2008 crisis, which was for me and for many a groundbreaking event. Some saw it as the end of the story and a knockout for the real estate market, and some saw it as an opportunity. I chose to see every crisis as an opportunity. And this is not a cliché.
Psychologists say we all have 3 possible reactions when we face danger: fight, run away or freeze. I recommend fighting, but do it wisely. If you have not been affected by the crisis or have been slightly affected by it, look for markets, areas, countries and regions that have the potential to flourish.
In the Corona crisis, we have seen this in the field of biotech and also in the field of real estate in the United States, which has recorded an increase of tens of percent in recent times.
The corona crisis has also sharpened the understanding among me and many, that in the coming years crises are going to go strong in fashion. Their frequency will increase. Globalization, the division of the world into blocs, climatic crises, are among the other reasons for this. Therefore, in a reality where a bat's wing farm has affected the whole world, and when real estate transactions involving Israelis take an average of at least 3 years, I suggest coming up with a pre-prepared strategy. Because let the crisis come.
Make sure the lawyers create flexible mechanisms for you, which will give you a solution to any scenario, based on past experience. From drafting an agreement with the local partner, which will allow you to step in if necessary and manage the crisis yourself to access and control of the project's bank accounts, which were found to be very critical in crises, because if the entrepreneur goes bankrupt you can return the investment money. .
In addition, take a few steps that will reduce your risk in advance:
Invest in funds that spread the investment across different countries and regions, That they will not be affected by each other during a crisis, thus avoiding the domino effect.
Prefer recession-protected investments - Like: student housing, housing for the elderly, logistics buildings, etc.
Prefer conservative investments - Because the crisis created by the war between Russia and Ukraine (which we have not yet seen its full effects), taught me in any case, that investments in "exotic" countries in Eastern Europe, South America and the like, are more risky. Gambling is too big to put your money on politically, legally and constitutionally unstable regimes. I prefer to invest in countries like EU countries with an emphasis on leading it economically or tourism-wise, the UK or the US. For the past 100 years the US has proven resilient to crises and has gained experience and understanding of how to manage them properly, and in a country with such a record I would like my money to be there when the crisis comes, and it will come.
In addition, this week I also told about real estate entrepreneurs and investors, who I helped them legally, after going through fraud and acts of fraud. The non-rare stories are unfortunate, and I suggest do not believe in something that is too good to be true. Even if a famous person is in charge of the deal, do not turn off your defense mechanisms and do extra testing even. Make sure there are reputable lawyers, accountants and professionals in the deal, and talk to them to better understand the protection envelope they give you and just hire professionals on your behalf to review the deal even if it means it will cost you more, it cancels out sixty of the money you lose God forbid Bad deal or scam.
In addition, never enter into any transaction without a trust account. It is important that the same trust account be managed by trustees who know the investments in the target countries and have clear examination mechanisms and instructions for managing the money as a closed economy. This is one of the most important mechanisms, which can prevent stings and save your money in case of bankruptcy, crisis or because suddenly the developer decided to run away one day.
So this was a summary this week on one foot, hope the tips, recommendations and advice I shared with you, helped you. Now we come to the part where we talk about the middle ground
What legal services do I provide to entrepreneurs and investors and how can we work together?
So in recent years, our firm, GBK, of which I am a managing partner, assists and mentors real estate, entrepreneurs and real estate investors from the very first stages of the transaction and together we help them grow and grow into large companies and huge funds. Like I said I only come after I myself have invested as an entrepreneur in those places and areas we apply haircuts like in the Air Force on every deal and deal to restore successes and improve the deals and reduce the risks in them. My goal is to let the deal happen and not blow it up, we believe in "how is it possible" and that we have solutions for all types of deals. So from this combination of entrepreneur and attorney, I know the risks and difficulties that exist and build for you flexible and strong legal mechanisms that will allow you and your investors to keep your money in a good and secure way. Starting from trust accounts, agreements with the local partner, which allow us to take control in case of need and many other mechanisms that have been created and learned in our sweat and tears.
We are at the forefront of entrepreneurial innovation and enable online legal services, remote signatures and work with hundreds of investors efficiently and digitally, and establish legal and assistance with our colleagues in the field of programming platforms for online investment without paper
So here it is, these are the things I would share with you during the week, thank you for listening and the time and I would of course love to stay in touch, and apart from comments in posts for those who want to talk in person it can be done in the following ways:
Here is my number 050-7703897
And for those who want to read more, here are links to more of my articles and interviews in the economic media.
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