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Updated almost 14 years ago on . Most recent reply

User Stats

359
Posts
199
Votes
Michael G.
  • Wholesaler
  • Bay Shore, NY
199
Votes |
359
Posts

Pay RE attorney up front fee/retainer?

Michael G.
  • Wholesaler
  • Bay Shore, NY
Posted

My attorney is asking for an up front fee or a retainer to be applied toward closing my short sale/wholesale deals. He's investor friendly and understands creative REI so I hoped he would take his fee on the back-end. I even offered that he raise his fee in return for getting paid on the back end. Also, when doing a double closing is the attorney fee per contract? So if he charges $500 for a normal closing is it $1000 for a double closing? Has anyone had experience with this?

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