I've been a real estate agent for 11 years and in the last few months transitiioned from representing buyers in retail real estate to fix and flip investing.

Hi, I recently was contacted by a lawyer representing a client who owns a property they received after the death of their mom.

If you want to use the same lawyer to set up your business entity and represent you through the P&S and closing, you’re looking at lawyer’s fees in the $1,000 ballpark.

Does the office represent any subdivisions?

The next step is to find out how much the building is going to cost you.Once you've figure out how much you're going to pay for the building, you need to find out these numbers as well:TaxesSewer and WaterTrashHeat/UtilitiesHOACap Ex and OpsInsuranceMgmt Fee - as a % (the general consensus here is figure 10% even if you are going to self manage)Vacancy- as a %. 8% represents 1 vacant month/unit/yearPost everything back here and I'll tell you what I would pay for the place.

It doesn't sound like you have a license to represent buyers or sellers.

@Larry Flanagan $285M 1.8 acres represents the area I am allocating to the Dollar. this is an assemblage of two parcels.

For example, one property may carry a 100K in value representing 30% of a loan, if you were to sell that property the reduction required may be 110K as the release can't put the lender in a worst position than they are with the collateral.It's important to understand the % of reductions or LTV or dollar amount required.Blanket loans tend to be over collateralized as well, individually you may get a higher LTV.The plus side is the use of equity assigned for properties that may not be eligible for refinancing.

(At this point, I offered to have him added to a phone call that I would start before with a bank representative on the line--to avoid him hearing sensitive account information--and he rejected this proposal: HUGE RED FLAG.

Would it be something I could simply send a representative of the company to court, along with my lawyers, or am I personally responsible for showing up at each and every hearing, as I would be the owner of the company?