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Updated about 8 years ago on . Most recent reply

User Stats

123
Posts
38
Votes
Francis Rusnak
  • Flipper/Rehabber
  • Chicago, IL
38
Votes |
123
Posts

How much does your lawyer charge?

Francis Rusnak
  • Flipper/Rehabber
  • Chicago, IL
Posted

How much do you pay a lawyer on the buy side of a transaction? I saw another thread that said they work with lawyers that have $250/hr rates. I've been told $550 and $700 by individual lawyers to close on a property.

Also, do experienced flippers still use a lawyer for each transaction? Is it more or less to represent on an off-market acquisition?

Most Popular Reply

User Stats

386
Posts
218
Votes
Nick Patterson
  • Real Estate Agent
  • Chicago, IL
218
Votes |
386
Posts
Nick Patterson
  • Real Estate Agent
  • Chicago, IL
Replied

$500 plus or minus a few hundred
Always use a lawyer in all RE closings!!

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