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Updated almost 6 years ago,
Investor question about Wholesalers
Hey there fellow investors. My partner and I are just a few projects into our career, so I would say we are still relative newbies. We have gone under contract to be assigned a project from a wholesaler for the first time. I was skeptical of this avenue for a bit, but after asking around and educating a bit, decided to give this route a try.
My question is this... The wholesaler has his lawyer all set up for the whole transaction, and the wholesaler is incurring the cost. Should we use a buyer side lawyer to protect our best interest, or is it safe to assume that any lawyer working both sides of the transaction is knowledgeable enough and ethical enough to not screw us over... if for no other reason than he could be sued? Would you spend the money for a lawyer? Or better spend the time looking for the next deal?
Thanks!!