Out of State Investing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated 22 days ago, 12/12/2024
RE Lawyer local to property state best practice?
Hi BP Community,
I’m looking into my first out-of-state multi-family partnership with someone that already has experience in the local market and connections to the operational teams required to make out of state investing successful. I am debating using my local lawyer vs. finding a lawyer in the state where the property is located. Is it too much of a hurdle for the Local, Esq. to review the local law? Obviously this depends on whether Local, Esq. is willing to do it (and whether there is a state-specific bar requirement just for this type of work), but I want an outside perspective first.
Thanks,
Looking in Baltimore