Condos | Condo Conversions
Austin | Dallas | FortWorth | San Antonio | Houston
New Braunfels | Port Aransas | Cedar Park | Leander | San Marcos
Arlington | Rio Grande Valley | Waxahachie | Beaumont
Apartment Condos | Duplex Condos | ADU Condos Office Condos | Retail Condos | Mixed Use Condos
Commercial Condos | Industrial Condos
Developers use condo conversions to convert multi-unit properties into condo units, which may be bought and sold separately and independently. Julie Alexander has completed condo conversions on duplexes, main house & ADUs,
multi-family, commercial, retail, office and industrial properties.
"If you can get it built, we can convert it to condos."
Julie Alexander has completed over 1000 condo conversions across Texas. If you have a real property that you are considering converting into condominiums, Julie will prepare a proposal for your project at no charge. The proposal will be structured as a flat fee, so you know whether her condo services work for your project and budget. She will also be able to provide you a timeline for the conversion, which is typically 1-4 weeks for smaller projects and 1-3 months for larger projects.
A condominium regime includes the following documents:
Condominium Declaration - The meat and potatoes document that defines what a purchaser is buying when they buy a condo unit and how the condo functions. The condo Declaration also includes a condo survey.
Condominium Information Statement - Often confused for the entirety of the condo regime documents. Instead, it is a summary of the other condo documents, in a form that is more digestible for buyers.
Condominium Owners' Association - A Texas non-profit corporation is formed to govern the condominium project. This is required for all condo regimes in Texas, even two unit condos.
Bylaws of the Association - Sets rules for how the condo owners' association governs the condo project.
Rules and Regulations - Helps assure that everyone gets along and governs use of shared areas.
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LLCs | Series LLCs
Real estate investors and developers may use LLCs to protect their real property estate assets and holdings,
as often insurance coverage is not enough to avoid liability from lawsuits.
Julie Alexander has formed over 1000 LLCs and Series LLCs for clients located across the globe with real estate assets in Texas.
LLCs are a popular choice in Texas, because (when done right) they offer solid liability protection
coupled with the ease of use and maintenance lacking in other entity choices.
The documents we draft to form an LLC include:
Certificate of Formation - Filed with the Texas Secretary of State. A common misconception is this document is all that is needed to complete an LLC, however, it is just the formation document.
Company Agreement - This is the meat and potatoes document of the LLC. The Company Agreement spells out who owns the LLC, how the LLC is managed, and how LLC decisions are made. It can also be a business pre-nup - what happens if a member dies or divorces? Are you now in business with his or her ex or kids?
Organizational Meeting - This document is the first meeting of the owners or managers of the LLC.
SS4 & EIN - The LLC should have an IRS tax number different from the owner's social security number.
"Avoid the domino effect of a problem at one property impacting your other properties."
Series LLCs offer liability protection for real estate holdings in a more tidy org chart.
Sometimes they are better for a client, and sometimes traditional LLCs are better, depending on the client's assets, financing and development plans. Series LLCs may also save a client money in filing fees and legal fees.
The documents we draft to form a Series LLC include all of the above LLC documents,
supplemented with language allowing for the series.
The documents we draft to form a series of the Series LLC include:
Supplement to the Company Agreement - Amends the Company Agreement for the creation of a new series.
A series is not a stand alone or separate legal entity. If the LLC collapses, all the series collapse.
Approval of the Series - The main LLC must approve the formation of the series.
Assumed Name Certificate - Filed with the Texas Secretary of State.
The public notice bolsters liability protection of the series.
Our office creates paperless LLCs, which makes us popular with the trees and is also handy for living in the time of Covid and for our clients who live outside of Austin. If a not closed in the LLC, we transfer the real property asset into the LLC, series LLC or series of the series LLC through a warranty deed recorded with the county. Julie consults with clients about the risks and benefits of transferring a real property with an existing mortgage.
If you have a real property that you would like to put into an entity like an LLC or a Series LLC, Julie will discuss options with you and prepare a proposal for an entity structure at no charge. The proposal will be structured as a flat fee, so you know if her services work with your budget.
We systemize our processes to keep our fees affordable to both seasoned and beginning real estate investors.
LLCs and Series LLCs are often completed in our office
in less than a week.
Request an LLC Proposal
Keynotes | Speaking | Coaching | Courses
Julie works one on one and in small groups with clients through coaching and courses.
Contact her to discuss working together and to get more information.
Julie Alexander gives keynotes and presentations across the US real estate investor and developer groups. She brings a unique perspective, humor and personality to topics that typically put an audience to sleep.
Julie is available to give in person and virtual presentations on topics such as:
Adding the Condo Conversion to Your Developer Toolkit
The Wild West of Condo Conversions
Tales of Unlocking Equity and Missed Opportunities in the World of Condos
If You Can Get It Built, I Can Convert It Into Condos
Avoiding Pitfalls in Your Condo Conversion
Oh The Things You Learn in 1000 Condo Projects
Julie Alexander has presented to:
Real Estate Networking Club of Austin
Austin Infill Builders
Southern California Creative Investors
Orange County Real Estate Investment Club
Commercial Real Estate Training and Education in Las Vegas and Dallas
numerous real estate brokerages &
chambers of commerce