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Updated almost 5 years ago on . Most recent reply

User Stats

138
Posts
144
Votes
Matthew Terry
  • Rental Property Investor
  • Mesa, AZ
144
Votes |
138
Posts

When do I invest in an REI attorney?

Matthew Terry
  • Rental Property Investor
  • Mesa, AZ
Posted

Hello BP Mates,

I thought your perspective would be value in regards to an REI attorney. We have one SFR and will acquire between one and three more this year (probably not in AZ). Right now I'm assuming the contracts we are signing, for our property management company as an example, are well written and cover important matters because of stellar reviews the company gets. We aren't rolling in the cashflow yet and want to start slow, so we are a bit concerned of attorney fees\retainer , but I'm almost more concerned that we are making the mistake of not having one as part of our team yet.

When is a good time to get guidance from an REI legal professional? Should I have already sent contracts to an attorney for their review?

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