Updated over 6 years ago on . Most recent reply
#3 Tax, SDIRAs & Cost Segregation Contributor
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Lawyer long distance investing
#3 Tax, SDIRAs & Cost Segregation Contributor
- Accountant
- Los Angeles, CA
If you’re a first time long distance real estate investor buying out of state would you hire a real estate lawyer to review contact before finalizing purchase?
Thank you,
Jason
- Jason Malabute
Most Popular Reply
@Jason Malabute I hire an attorney to review my contracts even in my own state. Nobody ever wants to hire an attorney, but the mistakes from not doing so, could far outweigh the cost of hiring one. I will say that I have heard in many states title companies close deals and attorneys are not used. That's not the case in NJ (there are of course exceptions depending on type of deals.) If it's your first time def do it, at least you can ask all the questions you need to make sure you understand everything and then you'll feel more confident the next time around. Good luck!