Utilizing Lawyers for wholesale deals

[Rich Wahl]

Hi all,

So I'm in the process of putting everything in place to begin wholesaling, and one of the main areas of concern for me is how to utilize a lawyer.

I've been in contact with a few around my area here, and a lot of them want retainer fees or charge an outrageous amount ($1,500 per contract review). Maybe that is normal, but I would like to know BPs experience when it comes to dealing with lawyers and how they utilize them.

Do you have a lawyer write up each contract? Do you use a standardized contract and if the buyer and seller agree to these terms without any changes just forego the lawyer? Do you pay these retainer fees?

Any advice would be much appreciated! Thanks!

-Rich