Lawyers and Wholesale contracts

[Rhonda Parker]

Did anyone go directly to a lawyer to get their wholesale contracts? What is the ball park figure to get your contracts drawn up?

[Tom Gimer]

Originally posted by @Jack Douglas:

@Rhonda Parker, Good post 

To be on the safe side, If you find a contract on google I would still run it by a attorney and have them review it. Better safe than sorry!!! To have them just simply review a document should not be to expensive and can raise your level of confidence when you're ready to do the deal. 

I would actually go further... take what you think is a decent template to the attorney; describe exactly how you plan to invest in real estate and where; and ask the attorney to edit/prepare both a purchase agreement as well as an assignment agreement. The same PSA can be used for different transaction types if you create a check-the-box type of agreement.