Real estate attorneys could be very hard to find. No real estate course or even a very effective seminar can be of good use in finding one since most of them cannot even call themselves investors or somebody who is experienced with creative transactions. Most of them will give you advice to keep you from getting sued but they would not be able to tell you how you could make more money out of a deal than what you should be getting.
You can spot a good attorney if he lets you know of all the risks, suggests other ways of dealing with existent assets transactions and charges you a reasonable fee for doing so. While a bad attorney will either say nothing at all or present a problem without giving possible solutions to it. He can even kill the deal systematically that's why they are known as the €deal killers€. They make things appear complicated to justify the costs. You wouldn't want to fall into this trap.
Ask other investors in your place of who's the attorney they trust with in their transactions. Ask referrals from local actual land agents and title companies. Do not just open up the Yellow Pages and randomly pick someone who just claims to be an expert to handle your transactions. Here some questions to a lawyer before hiring them. Do you have a rental property? How many closings do you normally do per year? What sort of odd transactions have you done recently? Have you done any evictions? Or other foreclosures? Zoning board appeals? Condo conversions? Can you explain to me the following concepts: lease/option, wraparound mortgage, installment land contract?
Get a feel for the experience and personality of the attorney. A good attorney will value his weight in gold, especially if he could do creative closings. It will be best to be there when important transactions are handled so you know the whole picture and not just rely on the recommendations of your real estate attorney. You can also suggest and make your judgments for consideration to some critical decision elements. In control is important to make sure that you will not be wasting your resources for a minimum effort exerted in the closing of the deal. It will be wise to know why you have to sign the documents because you were there during the major parts of the buying process.
You can spot a good attorney if he lets you know of all the risks, suggests other ways of dealing with existent assets transactions and charges you a reasonable fee for doing so. While a bad attorney will either say nothing at all or present a problem without giving possible solutions to it. He can even kill the deal systematically that's why they are known as the €deal killers€. They make things appear complicated to justify the costs. You wouldn't want to fall into this trap.
Ask other investors in your place of who's the attorney they trust with in their transactions. Ask referrals from local actual land agents and title companies. Do not just open up the Yellow Pages and randomly pick someone who just claims to be an expert to handle your transactions. Here some questions to a lawyer before hiring them. Do you have a rental property? How many closings do you normally do per year? What sort of odd transactions have you done recently? Have you done any evictions? Or other foreclosures? Zoning board appeals? Condo conversions? Can you explain to me the following concepts: lease/option, wraparound mortgage, installment land contract?
Get a feel for the experience and personality of the attorney. A good attorney will value his weight in gold, especially if he could do creative closings. It will be best to be there when important transactions are handled so you know the whole picture and not just rely on the recommendations of your real estate attorney. You can also suggest and make your judgments for consideration to some critical decision elements. In control is important to make sure that you will not be wasting your resources for a minimum effort exerted in the closing of the deal. It will be wise to know why you have to sign the documents because you were there during the major parts of the buying process.
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