All Forum Posts by: Sita B.

I have seen this fee (in higher and lower amounts) for both the buyer and seller side. 

@Philip Williams great job!!

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@Benjamin Ellis which area of the city is the house in and how much money in rehab does it need?

Thank you @Dmitriy Fomichenko and @Paul Timmins. 

@Hilary Karaman I hope my background in title is helpful. I've seen a lot and hopefully it will help me to avoid costly mistakes. I love title but there are much bigger rewards out there that I want to have a part in.

I work with a real estate attorney and your situation sounds like it will produce quite a bit of billable hours. My suggestion would be to do as much research as you can to determine which legal entity would be best suited. Check out your state's website and begin drafting your own corporate documents. Most of the time, a quick internet search or even calling the state will give you answers that you need. Then bring your draft to your first meeting with the attorney and have him review it. You should be paying the attorney to offer his legal advice, not to do your paperwork. 

Have you received the retainer agreement yet? If so, carefully review it so that you can begin to get an estimate of how your bill is calculated. Most attorneys, including the one that I work for, bill in either 10 or 15 minute increments. This can quickly add up if phone conversations and emails are billed at the same rate. I am not trying to dissuade you. I think attorneys are a necessity but you should be as prepared as possible.

Hello everyone,

My name is Sita and I currently reside in Delaware County, PA, although I am originally from South Philadelphia. I have followed BP for a few months and finally decided to join the forums.

By day, I work as a title closing officer in Chester County and have been employed in this industry for about 8+ years. I love real estate and am normally the go to person for questions and advice for friends and family. While I love doing title, I am ready to take the plunge to own some for myself.

My short term plans are to obtain my real estate license and to learn, learn, and learn some more as I save enough to buy my first property.

The long term plans are to have 10 cash flow properties within the next 7 years.