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Updated over 5 years ago,
Closing Attorney Questions
I am a student at Penn State University and I want to start wholesaling through my parents LLC (which is based in Baltimore). I read in a book that I need to find a closing attorney but I have some questions that I can't really find the answers to:
1. Can I still do deals in PA given the LLC is based in MD? And If I am doing deals in PA, does the closing attorney have to be located in PA as well?
2. If I want to wholesale deals in different states, do I need to find a new closing attorney per state?
3. How does the payments work for the closing attorneys? If I ask for a “For Sale by Owner” package (or any package for that matter), does that require money up front? Or do they only get paid once a deal is closed?
4. Are there any hidden fees associated with working with a closing attorney outside the actual closing?
Thanks!