Originally posted by nationwidepi:
Michael,
A RE attorney is a crucial member of your team, but if you are speaking about a simple purchase and sales agreement (PSA), you can get the standard CA PSA from any realtor, online, or even at some local office supply stores.
If you are speaking about some more complicated investment contracts needing an attorney, then you should be coughing up the fee to make sure YOU are protected.
I am glad to see my thread inspired you to stop the waiting, stop the sitting around, and take action. There is only ONE way I know of to become a RE investor, and that is to actually get out there and buy something.
Of course I want you to buy right and not just anything, but get out there and make some offers. BP is a great resource of free education for you, know all you have to do is pick the strategy that fits your goals and personality and start doing!
Thanks to all who voted for my post! With no responses for a few days, you all had me worried I was way off track.
I am definitely not under estimating the importance of a real estate attorney. It's just that for a standard purchase agreement $100 for the first hour, and then the usual rate (whatever that is) for any extra time seems pretty pricey.
I just need to close this first deal ,even if it's just $2500 or so, so I can have some operating capital. Not only the extra operating funds, but I think it will knock down that huge wall that has me questioning every move. Here is to that first deal getting done. :cool:
If all the people out there can do it, there is no reason I can't. I just have to stop beating around the bush.