My only issue with The Book on Investing w/ No and Low Money Down

[Steven McPherson]

I have finished reading @Brandon Turner's Book on Investing with No and Low Money Down.  Thankfully, my eyes are open to the other strategies which will make me a more powerful investor especially since I currently do not have much money to start off with.  I wish I would have known about them sooner.

I have a concern, however: After reading the chapters on owner-finance and lease-options, the thought that started running through my head was "Where am I going to find the money to pay an attorney to write up these contracts?"  So my question is: do I need an attorney in order to write up contracts?  If so, I would imagine that it will cost me some money which I currently do not have.

Any advice?

[Tamara Elliott-Deering]

I'm in Texas and even though a lot of people will tell you that lease options and sub-to's will work in the state you are taking a huge risk. Make sure you know what you're getting into and what you can lose. Also, because of the peculiarities of the laws in our state I absolutely would use an attorney who specializes in real estate to write your contracts. You can find some at the REI investing club. If you can't afford an attorney to write your contract you probably don't have enough float to get through your deal so you should probably look at other strategies like:

partnering, wholesaling, jv deals or possibly buying into an owner finance deal if you can find one that doesn't require a lot of cash down.

Don't quit but don't do anything stupid either, it takes a long time to recover from a foreclosure or other legal action.