Attorney and Escow fees for qualifying a tenant buyer

Attorney and Escow fees for qualifying a tenant buyer

Helsinki, Finland · Member since 2016 · 28 posts · 1 vote

Hi BP,

If I was to line up a TB for a seller in a Wholesale lease option setting what costs would i be looking at for a contract review by an attorney, a review of TB applications (by whom...??), 

do you recommend putting the tb in credit repair? How much would it cost and can I include it in the monthly payments by the TB.

what costs would i be looking at for a contract review by an attorney?

what costs would i be looking at for a full back ground/ credit review of potential tb.

is there anyway of getting the tb to fork out for these costs? instead of them coming out of my pocket?

can i create some sort of clause that makes the tb liable for the fees even if they dont take the deal? 

I'm new and confused, I apologise if my questions seem really ignorant. 

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  • Investor · Sherman Oaks, CA · Member since 2008 · 6k+ posts · 3k+ votes
    10y

    @Rachel Atim

    if you are in Finland I would get a mortgage broker and residential contract attorney 

    Develop a 1) strong residential lease and 2) option to buy

    Search my posts on Biggerpockets 

  • Helsinki, Finland · Member since 2016 · 28 posts · 1 vote
    10y

    Hi Brain, thanks! 

  • Helsinki, Finland · Member since 2016 · 28 posts · 1 vote
    10y

    Also, in reply to your last comment, do the attorney and mortgage brokers have their own paper work drawn up or do I have to source them out first and take it to them?

    What would their roles be in a WLO deal?

    Regards

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