When do I invest in an REI attorney?

When do I invest in an REI attorney?

Rental Property Investor · Mesa, AZ · Member since 2019 · 138 posts · 144 votes

Hello BP Mates,

I thought your perspective would be value in regards to an REI attorney. We have one SFR and will acquire between one and three more this year (probably not in AZ). Right now I'm assuming the contracts we are signing, for our property management company as an example, are well written and cover important matters because of stellar reviews the company gets. We aren't rolling in the cashflow yet and want to start slow, so we are a bit concerned of attorney fees\retainer , but I'm almost more concerned that we are making the mistake of not having one as part of our team yet.

When is a good time to get guidance from an REI legal professional? Should I have already sent contracts to an attorney for their review?

0Reply
17 views

2 Replies

Jump to latestLatest
  • Investor/Accountant/Builder · Meno, OK · Member since 2014 · 1k+ posts · 918 votes
    6y
    A good time is when you need one. Get a boatload of properties first.
  • Pueblo West, CO · Member since 2017 · 69 posts · 53 votes
    6y

    If you think you might need a lawyer. You been one. A few hundred for peace of mind is well worth it.

Join the conversationCreate a free account to reply, vote on answers and follow this thread.