Attorney’s may not be your favorite people on the planet, but in the world of real estate investing you are going to need one sooner or later. So how do you choose a good one?
The best place to start looking for an attorney for your real estate investing business is by seeking out referrals from other real estate professionals in your area. Talk to mortgage brokers, real estate agents and title companies.
One way to judge how good an attorney is, is by price, though of course this is no guarantee. An attorney is definitely something you do not want to go cheap on. A great attorney will get more accomplished with less time. One that has a formidable reputation can often scare off any lawsuits with a phone call or a letter where as a less experienced attorney could easily cost you a lot more and let things drag out. What an attorney will cost you will vary a little depending on where you are about somewhere in the range of $250-$400 an hour should land you a decent one.
You should also be looking for an attorney will a good knowledge of practical real estate investing. Avoid those with long lists of all types of law services. Choose one that specializes in real estate law and make sure that they are going to support your ideas for real estate investing.
Most should offer you a free consultation to make sure that you are a good fit for each other. Though make sure you get to talk to the actual attorney that you will be working with in your real estate investing activities. Some large firms will flip you to a less experienced attorney later if you are not careful. Ask plenty of questions and make sure that the attorney you choose is not afraid to be aggressive and go to battle for you.