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Updated almost 11 years ago,
Real Estate Attorney Fees
Hi!
I live in the Los Angeles area and I am in the process of gathering my investment team before I pursue my very first acquisition later this year.
Some key players in any team, from what I gather, include a local broker (who works strictly on commission), an accountant, and an attorney. It has been suggested to me numerous times that gathering your team prior to acquiring any real estate is essential to success.
I would like to start going out and meeting with potential real estate attorneys in my area so that I may start this process, but I have no idea how it works. Are there fees associated with a preliminary consultation? Are there important questions I must ask in the first meeting? Also, do attorneys tend to only require payment once their services are actually used or are there any other fees I need to know about just to have them on call?
Your help is greatly appreciated!