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Updated over 15 years ago on . Most recent reply

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199
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Heather Pelletier
  • Massachusetts
1
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199
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partnership with attorney

Heather Pelletier
  • Massachusetts
Posted

Just wondering if any of you have formed a partnership with an attorney in exchange for upfront closing costs. I'm trying to think "outside the box" and need help determining if I can create a profitable partnership for myself and an attorney.

IE: Mortgage 100K 7% 30 years $665.30
Mortgage 106K 7% 30 years $705.22
I used and additional 6k for 2 closing costs, the 2nd closing is to refinance to pull out our initial down payment to reinvest in another property.

If we do not pay 6k in closing costs our cash flow would increase by$39.92/month.
What do you think...is there anything here I can work with? I'd love to hear your feedback.

Thanks:)

Most Popular Reply

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5,700
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Rich Weese#2 Off Topic Contributor
  • Real Estate Investor
  • the villages, FL
3,499
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5,700
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Rich Weese#2 Off Topic Contributor
  • Real Estate Investor
  • the villages, FL
Replied

I'd rather partner up with the DEVIL himself! There are no "partner type attorneys" imo. Just billable machines with no feelings. I guess my true feelings have come out. And this is the way I feel about the attorneys on MY SIDE!! Imagine what I feel about the others...Rich

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