For real estate investors, do you really need a lawyer?

[Ron Fu]

Try to do my first deal in Philly, not sure if lawyer is needed. Research online shows some just hire title companies to do the work, get a template online and request a home inspection. Any thoughts? Much appreciated =)

[Ethan Giller]

Welcome to BP!

The closing process in PA uses a title company so you don't need an attorney for that end of it.  You would generally only need an attorney if you were drawing up or reviewing a context-specific contract, not just a regular agreement of sale.  But if you are looking to do your first investment deal, I would strongly advise you to first connect with a few local experienced investors or agents who are used to dealing with investors, and learn directly from them.  In my opinion, you will make it much harder on yourself if you try to go it alone using free templates and unknown home inspectors.