Since FSBO has never been discussed here before....

[Dustin Beam]

Kidding, I know it has. I read through tons of threads about this, but the problem for me was I didn't come across one for Missouri. And from what I've gathered, the transaction paperwork can be very state specific.

Back story: There are 3 fourplex building I plan to purchase. This will be a difficult deal for me to swing with out of pocket cash, so to minimize, I plan to purchase 1 under traditional 30 year fixed loan (25% down), and the other 2 under commercial loans (20% down) and then refinance at a later date to traditional loan.

The bank has seen the seller's financials, everything looks good. I should have all my down payment money, reserves, etc. So should be good there. Price is somewhat agreed upon with seller. I'm going to see if I can pay a couple thousand more per building if he will pay my closing costs in order to keep my out of pocket expenses down.

So a Purchase and Sale document seems to be in order. It seems the seller giving me $6k towards my closing costs would be an addendum. Not sure what else I need. Feeling a little (a lot) overwhelmed by the process. Called a real estate attorney and he said he would charge around $3k or more for the ordeal. Well like I said, I'm trying to keep my out of pocket money down.

So if you're still with me, to the point. Does anyone have an attorney they could recommend for this (I'm in the KC area)? I've seen people saying the whole process could be done for $500 for lawyers in different areas. Or, does anyone have Missouri specific P&S document and addendum link I could take a look at?

Any advice or help is surely welcome.

Thanks,

Dustin

(that was longer than I anticipated)