Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

302
Posts
106
Votes
Nathan Waters
  • Rental Property Investor
  • St Joseph, MI
106
Votes |
302
Posts

Attornwy fee for drafting a joint venture contract

Nathan Waters
  • Rental Property Investor
  • St Joseph, MI
Posted

what's the typical fee most people have paid or are willing to pay for legal fees? My attorney wants $2000 to create a joint venture contract for private investors to tie their money as a lien against love of my houses. He will also record the lien. It seems a little steep. My other concern is that he has never done this specific type of contract. I'm trying to be open minded because we all start somewhere. Could use some words of wisdom here. 

Most Popular Reply

User Stats

1,731
Posts
1,512
Votes
Jason Hirko
  • Lender
  • San Antonio, TX
1,512
Votes |
1,731
Posts
Jason Hirko
  • Lender
  • San Antonio, TX
Replied

@Nathan Waters This sounds more like a syndication than a regular old JV that you could print off legal zoom. If he is your attorney, I would pay it if you're serious. Not worth switching lawyers to save a few bucks (maybe)

Loading replies...