Safeguard Your Investments: The Art of Litigation-Proof Real Estate Purchases with Shaneka Shaw Taylor Ep. 163

Meet Shaneka Shaw Taylor, Shaneka is the Founder of Taylor’d Litigation Professional Corporation, an award-winning lawyer specializing in product liability, commercial litigation, and real property litigation, with a track record of success in Ontario and Alberta courts. In this episode, Shaneka talks about:Contracts are crucial in real estate investing. They should be clear and enforceable, covering all potential scenarios to safeguard your interests.There is a significant difference between transactional lawyers who handle agreements and closings and litigation lawyers who manage disputes. It's beneficial to have both types of lawyers on your team.Current litigation trends include buyers not being able to close deals due to appraisal issues, loan defaults, and promissory note disputes, often exacerbated by rising interest rates.Sellers can protect themselves by including clauses in contracts that allow immediate release of deposits if a buyer defaults and by considering alternative dispute resolution methods like arbitration to avoid lengthy court delays.Before purchasing a property, conduct thorough searches to ensure no outstanding work orders and verify ownership. Also, ensure the property’s income can cover all expenses and have a financial buffer.Being ready for potential vacancies or tenant issues by having personal financial resources available and a clear exit strategy, such as refinancing options.About ShanekaShaneka Shaw Taylor is the brilliant mind behind Taylor’d Litigation Professional Corporation. As the Founder and driving force behind the firm, Shaneka has established herself as an exceptional lawyer, garnering multiple prestigious awards for her outstanding contributions to the legal field.Shaneka specializes in a range of litigation-focused areas, including product liability, commercial litigation, and real property litigation. Her skills as a courtroom advocate have consistently led to triumphant outcomes, as evidenced by her record of victories in the Ontario Superior Court of Justice, the Ontario Divisional Court, the Ontario Court of Appeal for Ontario, and the Alberta King’s Bench.Connect with ShanekaInstagram - https://www.instagram.com/taylordlitigationFacebook - https://www.facebook.com/Taylord-LitigationLinked in - https://www.linkedin.com/in/shaneka-shaw-taylor-8782a17Connect with Danielle ChiassonWebsite: https://strategicsuccessconsulting.comLinkedIn: https://www.linkedin.com/in/daniellechiasson/Facebook: https://www.facebook.com/DaniChiassonInstagram: https://www.instagram.com/letsgetrealTikTok: https://www.tiktok.com/@danichiassonBook in a call: https://calendly.com/strategicsuccess/lets-get-real-estate-20-min-chat Listen in and subscribe for more.You can also leave us a review and of course, don’t forget to share. I’m sure there are real people in your network who can take advantage of what they’re going to learn from the show.Interested in becoming a guest on the show? Email [email protected] with the Subject: I want to be a guest! OR simply fill out: https://letsgetrealestatepodcast.com/be-a-guest/.