Do Property Investors Need A Real Estate Attorney?

[Polina Ryshakov]

As a property investor do you need a real estate investment attorney? 

Hiring a real estate investment attorney depends on a few factors. These include where you’re buying, complexity of the transaction. Answering the following questionnaire can help you decide.

Property Location: Some States often mandate the presence of an attorney. If you’re buying property in a state such as New York or Georgia, you won’t have a choice but to hire a lawyer.

What will real estate attorney do for you?: Foremost a real estate investment lawyer can help explain to you every part of the buying process, including financing like Tax liabilities. A good real estate investment attorney makes the process seamless—in the end saving you time and money and avoiding complications down the road.

You might need a real estate investment attorney if you are 

• a) New to real estate and/or real estate investment.
• b) Your real estate investment deal is complicated 
• c) Your financing is coming outside of a traditional bank loan 
• d) If the sale is a short sale or foreclosure
  
• e) You need help negotiating a contract, concessions, or other aspects of the deal.
• f) You want advice on Tax implications.

Of course there are many more reasons that I haven't listed it here. Do keep in mind the attorney you hire is familiar with real estate investment properties. The  key is to find a real estate investment attorney who you can work with as part of your business for years down the line.

Always remember patience and planning are essential in RE Investing, always seek professional help if you don’t want to find yourself in a bad investment.