Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 8 years ago on . Most recent reply

User Stats

302
Posts
106
Votes
Nathan Waters
  • Rental Property Investor
  • St Joseph, MI
106
Votes |
302
Posts

Attornwy fee for drafting a joint venture contract

Nathan Waters
  • Rental Property Investor
  • St Joseph, MI
Posted

what's the typical fee most people have paid or are willing to pay for legal fees? My attorney wants $2000 to create a joint venture contract for private investors to tie their money as a lien against love of my houses. He will also record the lien. It seems a little steep. My other concern is that he has never done this specific type of contract. I'm trying to be open minded because we all start somewhere. Could use some words of wisdom here. 

  • Nathan Waters
  • Most Popular Reply

    User Stats

    1,730
    Posts
    1,511
    Votes
    Jason Hirko
    • Lender
    • San Antonio, TX
    1,511
    Votes |
    1,730
    Posts
    Jason Hirko
    • Lender
    • San Antonio, TX
    Replied

    @Nathan Waters This sounds more like a syndication than a regular old JV that you could print off legal zoom. If he is your attorney, I would pay it if you're serious. Not worth switching lawyers to save a few bucks (maybe)

    Loading replies...