Should I have a lawyer or attorney?

[Dominique Nugent]

I coming up on my first flip and I'm not sure when and for what exactly I will need a lawyer or attorney for. How much do I have to expect to pay them?

[Arpan Patel]

Depends on the services and your state. Here in IL we use attorney to close a property and the usual charge is about 500. We also use them to draft operating agreements (usually about 1k) and sometimes to contect taxes (1/3 of the first years tax savings if there is any savings). Some people use them to also incorporate but we don't and lastly for other documents depends on their time. Evictions are another big area but we only rent in Indiana so about 500 is about right for that as well. Other than that, not sure but then again PA might have some rules I am not aware of that you need an attorney for and the prices I gave work for Chicago and Northwest Indiana. Not sure if they are applicable to you but it gives you a good base to work from. Hope this helps