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Updated over 11 years ago,

User Stats

3
Posts
0
Votes
Shelby Simmerman
  • Real Estate Investor
  • San Francisco, CA
0
Votes |
3
Posts

Does anyone know a lawyer that is a team player?

Shelby Simmerman
  • Real Estate Investor
  • San Francisco, CA
Posted

I am wondering if there is any law firms that are willing to take equity in deals. Im thinking that if I find a rehab a property that will have a net profit of $2,000,000, I can give the person that does all the legal work 5% of the deal they could make $100,000 on the back end instead of me coming up with $40,000 on the front end. I know that this would be off-putting for many lawyers but has anyone done this? If the deal doesn't work out, they worked for nothing but if it does, they get a nicer payday down the road.