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Updated over 8 years ago on . Most recent reply
RE legal help
Hello BP community,
I'm a newcomer to BP and brand new to RE investing. For the short time I've been a member of BP, I've learned quite a bit. This will be my first post for advice, maybe very basic questions. Thank you in advance for your input!
I need some help with setting up a LLC. Do I need a lawyer for that? Can someone recommend one? I also need a lawyer to review some legal paper, such as private lending, joint venture etc. Here I'm a little confused. Say I live in NY, the property I want to invest in is in Teax and the company I want to buy it from is registered in Illinois. I heard RE law is very state specific. Does this mean I need a lawyer who is licensed in all three states? Or might I need multiple lawyers?
Thank you very much!
Bonnie