He is a real estate lawyer and investor and he says that he definitely does not add "and/or assigns" after his name when assigning contracts.

Otherwise estate planners tend to be lawyers who are used to people who have a J.O.B. and pretty boring estates.Consider reading some of Bronchick's materials on wealth protection and estate planning as applied to RE investors.

Do I need a lawyer?

Get a lawyer, if I dont have a titled company.

I feel the best way to do that is to see what other developers would do with various types of properties so I will be posting again with different scenarios and asking lot of questions.Also, if you are familiar with the NYC market what would you offer as a price for this if:Poor condition?

Legal paperwork must be accurate and done by a lawyer.

on the fee agreements i have seen it states that none of the parties are licensed brokers. also today i was dealing with a refering party that is a licensed real estate agent and he said that his lawyer insisted that he must be paid directly from the hud to his broker in order for it to be legal?

RE is not a market with great liquidity or with substitution (1 house is not exactly the same as another compared to 100 shares in a company being the same as 100 shares of the same company).You do need to know your market and you do need to adjust to local conditions as they change.RE prices do not fall all that rapidly.

A little motivation to those that are struggling, that's all.If you can, tell us what area the property is in,original list price,list price at sale,purchase price - negotiation details,seller concessions,days on market,property condition,any inspections,financing,smooth closing or not,agent(s) behavior,market conditions,etc.And if you've already listed or flipped the property, how did that work out for you?

I would suggest having a lawyer look over to make sure it is protecting your best interest.