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Updated over 9 years ago on . Most recent reply presented by

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Mark Sossoman
  • Real Estate Broker/Investor
  • Asheville, NC
2
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Do I need multiple attorneys?

Mark Sossoman
  • Real Estate Broker/Investor
  • Asheville, NC
Posted

I am moving about an hour away from where I currently live. There's a good chance I'm going to be holding onto my current house and turning it into a rental. I guess that would make it my first investment property (yeah, I'm that new). I'm planning on investing in buy and hold rentals where I'm moving to, which is in the same state (NC), but 2 counties away from where I live now. I also have an interest in buy and hold investing in South Florida (Broward/Dade). 

So my question is, do I need to find a separate RE attorney for each of those 3 locations. I'm pretty sure the FL issue is a definite "yes", but I'm not so sure about the 2 separate NC locations/markets.

Thanks in advance for any and all advice!

~ Mark

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Michaela G.
  • Investor
  • Atlanta, GA
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Michaela G.
  • Investor
  • Atlanta, GA
Replied

I would say 'yes', at least 2, 1 for each state.

 For one thing, attorneys usually get bar cards for each states separately. Another is that there are different laws in different states. 

For closings, depending on what you buy, get an attorney in the area. If you're buying REO's the banks usually require you to close with their attorney anyway.

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