Wholesaling - Attorney Fees

[Patrick Reagan]

An attorney was recommended to me by another investor.In terms of what I need to have done,he seems like he'll be able to handle everything.Any contract I get to him for review will cost $800 minimum,even if it does not close.Ideally,I want to have a buyer lined up before putting a property under contract.Any suggestions on how to keep attny fees under control when I don't have the buyer already in place?Thanks

[Haim Mamane Palman]

I don't think you should have an attorney review every single contract especially if it's a standard transaction. You should use a standard state approved contract and if you don't have one you should ask your title company or closing attorney to provide standard and simple Purchase Agreement.

[Adrian Rice]

Yea I agree with Halm your attorney shouldn't be looking over every contract if he's billing you for it. I would get a simple purchase agreement but make sure the terms/contingencies of the contract are in your favor. Begin with the end in mind

[Troy Gravett]

Get a LegalShield membership and get every document reviewed before you sign it. Protect yourself and your business.
Contact me if you want more details. Good luck and take massive action!