| Skimping on attorney fees could cost you more | | | | who will rely on this title opinion for the |
| than you bargained for when investing in real | | | | validity and ranking of its mortgage. This |
| estate. New real estate investors often save | | | | process could get pretty complex especially |
| money on their rehabs by cutting corners, | | | | when dealing with vacant, bank owned and |
| doing work themselves and trying not to spend | | | | estate property. |
| any money to make money. When it comes to | | | | |
| having a good real estate attorney though be | | | | Tenant Forms. If you have rental units it |
| prepared to spend away. | | | | is imperative that you have a real estate |
| | | | attorney look over your documents to make |
| You have to ask yourselves what you are | | | | sure that the language is specific to your |
| willing to pay for a piece of mind especially | | | | situation and state. Tenant law in Iowa may |
| if you deal with tenants. A few good | | | | not be the same as tenant law in Nevada. |
| contracts written up by your attorney will | | | | |
| easily be worth it after your first eviction | | | | Trust me, if any wording is wrong in your |
| or foreclosure. | | | | 3-day notice or eviction paper work the |
| | | | magistrate or judge will spout out some state |
| You can find hundreds of template contracts | | | | statute, your tenant will get to stay and you |
| and real estate forms on the Internet, but | | | | will have to start all over. |
| just how legal are they? Ask yourselves why | | | | |
| they almost always recommend you have your | | | | Leads. Attorneys can be a great source for |
| own attorney look them over anyway. | | | | leads. Motivated sellers often come from |
| | | | extenuating circumstances like divorces, |
| There are hundreds of reasons to use a real | | | | bankruptcies and estates. If you have a good |
| estate attorney in your wealth building, but | | | | relationship with a real estate attorney |
| here are my three favorites: | | | | perhaps you can help his clients out when |
| | | | they find themselves in situations like any |
| Title opinions. In some states you are | | | | of the above. |
| required to buy title insurance to guarantee | | | | |
| the marketability of your property. In | | | | If you are new to real estate investing a |
| others it is recommended to get a title | | | | real estate attorney should be on your team |
| opinion. A title opinion is the opinion of | | | | anyway, if you don't have one yet be sure to |
| an Attorney regarding the merchantability of | | | | find one fast. Your realtor or banker should |
| title based upon the title examination and | | | | be able to recommend a good one for you. |
| commonly is written to a lending institution | | | | |