Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal


Real Estate Classifieds
Reviews & Feedback
Updated over 9 years ago on . Most recent reply

First Sit-Down w/ Real Estate Lawyer
I'm taking slow baby steps into Real Estate.
I've finished reading:
The Real Book of Real Estate -Robert Kiyosaki (reading it again)
The Tax and Legal Playbook -Mark Kohler (actually about 80% done not completely)
Investing With Little or No Money Down - J. Scott / Brandon Turner (great information guys)
currently reading...
The Book on Estimating Rehab Costs (...) - J. Scott
What Every Investor Needs to Know About Cashflow - Frank Gallinelli
I've arranged a meeting with a Real Estate lawyer, Dana Kyle to discuss the local and state laws of wholesaling in New Mexico (currently stationed here) which is how I plan to get my foot in the door due to lack of funds. I've deduced that wholesalers generally have a bad name as far as providing actual "deals" due to not knowing their market and underestimating rehab costs which I'm going to work hard and make my strongpoint by studying J Scott's book and learning as I go.
What are some of the questions you guys as experienced investors believe I should add to my list of "must asks". She charges about $280 an hour and I'm definitely planning on using one single hour very wisely so I'd definitely like to get the most bang for my buck. Yes I know, invest in yourself, but keep in mind this is the only lawyer I have contacted and I don't have too much extra cash laying around to "shop around" for hours on end nor to sit and have pointless conversation trying to come up with questions. Any help building a list of questions and I am forever grateful. Looking to add to whatever I come up with as well as any experienced input from here. Thanks ahead of time!
Most Popular Reply

You may also want to read Dave Ramsey's Total Money Makeover and The Millionaire Next Door.