Real Estate

Condo Conversions  |  Investing  |  Buying and Selling

Alexander & Associates, Attorneys, P.C. specializes in providing legal advice and representation to real estate investors and developers. We currently represent over 75 private real estate investors and investment partnerships and companies, with locations across the United States. Our clients in the real estate industry include:

• Private Investors and developers
• Real estate agents and brokers (residential and commercial)
• Builders and contractors
• Architects and designers
• Suppliers (retail and online)
• Lenders and mortgage companies
• Landlords
• Property management companies
• Homeowner's associations

Our specialty is creating strategies designed to protect real estate holdings, while increasing returns on investment properties through strategies such as condominium conversions.

Condominium Conversions
The development of condominiums and condominium conversions are a cutting edge strategy designed to maximize the value of a residence or building by dividing the building into separate units, which can be bought and sold independently of each other. This can often unlock equity in an investment property. We take pride in watching our clients revitalize central, east and south Austin neighborhoods through converting existing duplexes and other residences into condominiums and building state of the art new condominium residences.

Alexander & Associates specializes in condominium developments and condominium conversions in the Austin, Texas, and surrounding areas. We have been helping clients increase returns on their properties through condominium conversions for over four years, and are the leading small Austin, Texas firm with proven experience in condo conversions. In the Austin area we have converted 100s of condominium units (the majority of units in duplex conversions), representing millions of dollars in revenue for our clients.

We have expertise in all areas of condominium conversions including:

• Duplex Conversions
• Conversions of multiple, unconnected structures on one lot
• Triplex and Fourplex Conversions
• Apartment Conversions
• Commercial and Office Conversions
• Industrial Space Conversions
• New Construction and Existing Structures
• Formation and operation of Homeowner's Associations
• Modification and Revision of Existing Condominiums

Contact us at Alexander@aalawaustin.com to discuss your project or for specifics regarding our prior projects and experience. We are available to consult with clients when evaluating properties as potential condominium conversions.

In addition to completing conversions for client, we have experience in assisting clients in all aspects of the conversion process, including issues that may arise in selling the converted units. As anyone knows who has been involved with a condo conversion in Austin, Texas, there is more to the condo conversion than paperwork. Our extensive experience with conversions gives us the expertise to help clients get the deal done by fielding questions from buyers, buyer's agents, title companies, lenders, and insurance agents. Additionally, through our experience with past condominium projects, we have developed a strong network of real estate professionals to whom we can refer clients at any stage of development.

We understand that real estate investors and developers need to have firm quotes on our legal fees in order to know if the deal works. We provide clients with a guaranteed flat fee per conversion, allowing our clients the peace of mind that at least one item on their budget will come in on budget.

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Real Estate Investing
Everywhere we turn people are talking about how the hot Austin, Texas, real estate market. The New York Times recently said, "While much of the rest of the nation is facing a weakened market, East Austin is in the midst of a boom so explosive that median home prices have jumped 48 percent in the last year."

Alexander & Associates has been located in Central East Austin for six years, in the midst of the redevelopment taking place at an ever increasing pace. Alexander & Associates represents over 75 private real estate investors and real estate investment companies. Although our clients are based all across the United States (Texas, California, Florida, New York) and internationally, we specialize in real estate investments and developments in the Austin area.

Alexander & Associates is the leading law firm in Austin focused on representing real estate investors in all aspects of their investments and businesses. Julie Alexander couples her years of legal experience, along with her personal experience in residential and commercial investing in the Austin, Texas, real estate market, and leads her firm in helping clients with their real estate investment businesses.

• Condominium Conversions
• Asset Protection Strategies
• Entity Formation (single or multiple owner entities, LLCs, Corporations, Partnerships) for business or real estate holdings
• Partnership Agreements (Buy Sell Agreements)
• Joint Venture Agreements
• Investor Financing and Investor Agreements (Agreements/contracts with investors, Real Estate Lien Notes, Promissory Notes, Deeds of Trust (first, second or other position)
• For Sale by Owner
• Deeds and transfer of real estate (Warranty Deeds, Deeds of Trust)
• Leases (residential and commercial)

Due to our large client base of real estate investors and our relationships with real estate professionals, we are often able to assist our clients in ways other law firms are not, such as our ability to introduce clients to properties and the people they need to make the deals happen.

Since we regularly work with a variety of real estate professionals, we are happy to help clients locate experienced real estate brokers and agents, residential and commercial lenders, title companies, closing attorneys, builders, architects, 1031 exchange specialists, accountants and financial advisors.

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Buying and Selling Real Estate
Alexander & Associates assists clients with issues that arise in the process of buying and selling real estate including:

• For Sale by Owner (drafting purchase contracts, representing the property owner)
  
  
• Document review and Due Diligence (review of title, purchase and loan documents for residential and commercial real estate)
  
  
• Deeds and transfers of real estate (Warranty Deeds, Deeds of Trust)
  
  
• Clearing Title (researching title problems in preparation for sale, preparing Affidavits of Heirship or other documents necessary to clear title, alternatives to probate, Probate proceedings)
  
  
• Seller Financing (Real Estate Lien Notes, Promissory Notes, Deeds of Trust)
  
  
• Deed Restrictions and Restrictive Covenants (drafting and review)
  
  
• Easements (drafting and review, Joint Use Easements)
  
  
• Drafting special Contract Provisions ("As Is" clauses, complex transactions for residential and commercial purchases)