OfflineHey everyone,
I've been doing some work starting out and looking for a great Realtor in my area to work with... and I'm sure some Realtors can refer you over to Real Estate Attorney's but...
If I want to do my homework and approach an Attorney are there any "specific" questions I should be asking from him/her?
As well... should I also inform him/her that the plan is to make multiple closings per month etc? Do I also need to inform them that I'll be doing a majority of my sales by Assigning or Double Closing ?
When I talk to the Attorney, I REALLY want it to sound like I did when speaking to the RE Agents... Like I'm a pro! I don't want something he asks to catch me by surprise.
Thanks in advance for any help you guys might be able to give!
- Mike
Mike Valler
My Website: www.VallerInvestments.com
Newest DG Article: ARE YOU A O.C.? --> http://goo.gl/PonjG
* I create Real Estate websites? I do GREAT work Cheap! Feel free to PM me!
Hi Mike,
To begin with, I should say that you need to be totally transparent with the RE Attorney when you speak with them. I would tell exactly who I am and what I am doing right now.
Then I would ask them the following questions.
1. What prior experience they have had with REI's?
2. Do they work with investors that do 'double closings' or 'dry closings'?
3. Are they experienced with the 'assignments' contracts?
If all looks good so far, then continue with...
4. What compensation(s) do they expect for their involvement in my deals?
5. Do they expect payment immediately for their services or are they willing to do monthly billings for their work with you?
These few questions should give you a real good idea if they are the right fit. If they say things that tell you they are not right...then just say "NEXT"... and call the next number.
Same goes for Accountants because you will need one that is very experienced with REI's to guide you in the right directions with your tax liabilities and business deductions.
Hope this helps you Mike,
Theo T.
CogniWorld-LV
The problem with not having a goal is
that you spend all of your time running
up and down the field but you never score.
-Bill Copeland
Thank Theo... Truly appreciate it!
I also found a great audio on my Rock Bottom Blue Print that Matt Larson did that talked all about this that I missed. But he mentioned just about everything you did, but you had a couple other great questions to ask.
I also found out that when people say that their Title Company says that Assignments and Double Closings are Illegal, it's only HALF TRUE.
IF a Title Company DOES NOT have a Attorney on their staff, that means technically they can't practice law... so IT IS Illegal "for them" to do those things. So by saying it's Illegal, it's only Illegal for them as they can't practice law with no Attorney on Staff.
-Thanks again Theo!
Mike Valler
My Website: www.VallerInvestments.com
Newest DG Article: ARE YOU A O.C.? --> http://goo.gl/PonjG
* I create Real Estate websites? I do GREAT work Cheap! Feel free to PM me!