That's sadly why we have lawyers and insurance.

That's a liability and tax question best asked your lawyer and or accountant.

So hello BP Members , my first contract was simple , i found a discounted property , called the owner and not the realtor or anything we talking a asking price he apccept then my lawyer sent over a Contract Of Purchase.

I have been asking around my area trying to find a good lawyer and accountant that has some experience dealing with real estate investors in my area.  

Hello everyone, Hope everyone is closing out the year with a bang! Have a questions in regards to how to compensate trust attorneys as a wholesaler. Creating good relationships with a few so any advice on how to compe...

Make it so someone who is savvy can understand why this deal is the best one for them without hiring an army of lawyers and accountants.  

You can save a TON of money from bank fees etc.Spend the money to have your lawyer review (or offer to write up) the note and mortgage.

Do I need to hire a lawyer?

Mainly because here every transaction gets lawyers on both sides.

The primary Team members are typically Attornies/Lawyers, real estate Brokers/Agents, CPA's (or accountants you trust and are knowledgable), Inspectors, Property Managers, General Contractors, and Handymen.