Attorneys - Where do we find them, when do we pay them, how much?

[Benjamin Barredo]

Hey everyone. #askbp

Another newbie question for you all.

I don't know when the best time to approach an attorney is.

I would guess that it would be safest to get legal advice early on, even before trying to tackle a deal so that I don't end up in trouble doing something stupid.

Then again, I have no money to pay a lawyer let alone finance a deal, but I don't want to wait until after I have a deal because it could be too late and my contract is all messed up.

Is this where I get a realtor to do these things?

What's your approach, especially when starting out? When you are new and not sure but have a deal, what team member is most important to have early on? A Broker, a Realtor, an Attorney, or even an Accountant?

[Patrice Boenzi]

@Benjamin Barredo you don't say, or I missed it, but are you a wholesaler? If you are, the contract must include several items or you can get yourself in lots of trouble financially. Do you have a mentor? If so, your mentor should be able to help you out with these questions. If you are going through a Realtor then they will use standard contracts approved by their Board and here in Illinois once the contract it written it is contingent upon attorney review (5 days).  You need to know the rules for your state. Good Luck!