The benefits of retaining a real estate attorney for Rehabbing

[Paul Hansen]

Hello BP members,

I was wondering what advice is out there on retaining a residential real estate attorney for Fix & Flips. 

For example, 

Is it important to hire an attorney to set up an LLC?

What aspects of the Fix & Flip process do real estate attorneys benefit? 

Do most investors have an attorney representing them? 

What fees do attorneys charge and when? 

Does the benefit outweigh the cost? 

Thanks for your advice and insights.

-Paul

[Shiela R.]

You can probably setup your own LLC. Through the sec of state site of AZ. However you might want to talk to an accountant to see about your personal financial situation so you set up the right entity for you and your biz.

Def hire a good attorney or agent for contracts unless you are licensed. They will take on liability as they have insurance. Not to mention, experience.