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Updated over 17 years ago,
Attorney costs for contracts
I have been calling around inquiring how much it cost to form contracts necessary for wholesaling. The least expensive rate so far is $175 an hour at 3 hours minimum charge. I called another attorney who was more savvy with the wholesaling process. He will charge me $2,000-$5,000 to draft the LOI, Purchase Agreement with Owner, and the assignment contract with the investor.
At the moment I do not have enough funds to pay an attorney that much money. If anyone knows of a more effective/efficient way please chime in with your knowledge. Until then, I will keep calling attorneys up and get more information.