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Updated over 10 years ago on . Most recent reply
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RE Attorney, Lender, Realtor, Inspector, etc. Associates
I'm just starting out as a wholesaler in Ohio. I plan on doing out-of-state deals also as I've learned that can be done, you know, without setting foot in a property. I've read that it's good to have an attorney on my "team", is this mandatory? Apart from picking their brain, is it to handle all of the closings? I read that in Ohio, a title company handles the closings, so if I find a title company, I don't really need to hire an attorney, right? As for inspecting the properties, I understand that this is to figure out repair estimates to factor into my offers and save my cash buyers/rehabbers/investors time and money, but I found a really good software to calculate all that for me, so I don't really need to hire an inspector or appraiser as using rehab offer calculator and rei autocomp softwares will save everyone time and money, right? Lenders are a different story. I would seek to have a good one on board, just in case. Last, but not least, if I do a deal out of state, would I use the same Ohio title company or would I find a title company in the state that the property is located in? I hope I didn't overwhelm you!