Is $500 too much for attorney fees? Purchase agreement and assignment contract

[Alex Peau]

Hey BP, Im taking everyone's advise about contacting an attorney to have contracts revised before use. I've been emailing an attorney that was referred to me by a reputable investor in my area and was wondering if $500 for up to 4 hours of work is too much to be paying for his legal services? I provided him the contracts that I had downloaded from reitips.com and he said there wasn't too much tweaking that needed to be done. The contracts I had sent to him were a standard purchase agreement and an assignment contract. Any thoughts on whether or not I should sign the retainer agreement or not would be greatly appreciated.