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Updated over 8 years ago on . Most recent reply

User Stats

18
Posts
1
Votes
Bonnie Y.
  • New York City, NY
1
Votes |
18
Posts

RE legal help

Bonnie Y.
  • New York City, NY
Posted

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

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