what does the average real estate attorney charge?

You better find a new one fast. I don't know about where your at but here a average closing is about 3 to 4 hundred dollars. My attorney charges me 200.00 plus any fees.

Ok I found out he is just the preson that check the clients credit but still thats a bit high...

What, is he a partner of yours? lol. Sounds like he's trying to fleece you.

My real estate agent told me to check with him. but yeah I called her and she said that doesn't sound right and told me to send my leads to her.

If you are doing L/O in Louisiana you have to be careful in your working of the contract. LA law is based on French law and not English law like the other 49 states. Make sure you adjust your contracts to reflect that. Also, why are you taking your leads to a real estate agent? What is she doing for you that you can't do for yourself?

PS - I am glad you ditched that other guy who was going to charge you 25%.....I was going to step in and offer to do it for 20%. LOL

Bill I told you that you need to set up class.

Just think if you had a 900 number, you would do better than the call girls.

I need that 900 number soon! To counteract the RE market going into a double dip!! LOL

Ok first off the guy that was telling me he would charge me 25%, I think was confused. My real estate agent told me that I should meet with the credit repair guy she knew since I'm trying to do lease options. When I explained to him what I was doing he started telling that he charged for his services.

I think he misunderstood me and assumed that me and him were partnering together to do sandwich lease options. I talked to my Realtor and she told me that I need to bring my leads to her and she will forward them to him if they need their credit repaired. She told me I would not get charged anything for that.

Now lastly to answer your question in regards to why I'm sending my leads to my Realtor. Simple she asked me to. She told me once I forward them to her she would work on getting them into a home they can afford. As well as get their credit fixed vise versa.

Now I do understand that I can do this myself but you also have to understand that I have zero experience when it comes to closing on deals. So I need as much help as I can get.

Also do you live in Louisiana? Maybe we can get together and talk more about real estate if you have time.

Just a question. If you are sending your leads to the REA how are you making money on YOUR leads? Is she giving you a referral fee? If you are doing L/O and you find someone who can afford an option fee and to make the pmts, she can give YOU the leads on houses she is not able to sell and who may be interested in doing a long term lease(L/O). Then YOU can pay her a referral fee for giving that to you.

Her incentive for giving you the lead is that if her listing is about to run out, she will make nothing. If you are able to do the deal w the seller and you pay her a referral fee (maybe $500, if you find a tenant/buyer and get deal signed) at least that way she gets something. Sounds like "her" way may be cutting you out.

PM me if you want or need some help.

Karen

Have you cked to see if there are any RE investor groups around Baton Rouge area? They should be able to put you in touch w a good RE atty that works w investors.

Karen

Ok well she is basically aware of what I'm doing and she explained to me that instead of me doing all the work as far as matching the tenants with the properties she is willing to do that part for me.

Also she plans on waiting for her 6% at the end of the lease option that we create. At first she sent me over 500 properties from the MLS that had a lease option available under the description.

However She told me that I'm doing to much work as far as looking through all these properties. So to save time, I speak with my leads. I ask them what they are looking for, what their credit looks like, and then after that I forward them to my Realtor.

From there she screens them more and if they need to get their credit fixed she forwards that person to the credit repair guy. We have an attorney that also doesn't charge that much and he will be putting together the lease option contracts.

There was a miscommunication between me and the credit repair guy. I asked him a few questions at his office and I guess he figured we were doing deals together which was not the case.

Hello DG family. Thanks for all the great information. Great reading material.

I am just starting out doing assignments and I have an attorney who will do closings for me for 1000 dollars and a title company to do the title work for 350. When I have contracts signed can I have a clause in their that states " Buyer to pay all closing costs " does that include my closing costs as well as their own. Or is this something I would have to pay at closing after my assignment fee. Confused....

Thanks for any answers I can get.

Sign up for prepaid legal...they review my real estate contracts for free. It only costs me 17 dollars per month in my area, although it varies from area to area. Its totally wortj it and will save you thousands of dollars in the long run..google prepaid legal and check it out