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I have been asked many times by my students how to approach a lawyer about getting their contracts reviewed, getting general real estate law advice, etc. After providing some general guidance, I have heard many times how the lawyer wanted to charge them hundreds and sometimes, thousands of dollars just to look over some paperwork.

Interestingly enough, I have traveled all over the US and Canada using various lawyers and have NEVER once been charged for my contracts to be reviewed or just general legal advice.

What's the difference between me and my students? No, it isn't just that I'm incredibly good looking and big enough to intimidate a lawyer into giving me free stuff! The difference is simply in how I approach a lawyer, or for that matter, any professional that I need something from.

Full article… Talking to Your Real Estate Lawyer

Technorati Tags: real estate attorney, real estate lawyer, Team

Why Have A Team?

It can be quite a daunting task, when you’re starting out, to consider hiring accountants, lawyers and other professionals. Not only is the expense a concern but knowing who to consider and how to make a decision about who to utilize puts many people off. And it is for these reasons that many would-be investors try to do it all themselves.

However, you will find that the short term benefits of doing it all yourself will very quickly be dwarfed by the cost of lost opportunities, bad deals, and a simple lack of manpower turning just a few deals into a full-time job. So instead, let’s discuss some effective selection techniques and ways to minimize costs in the early days.

At this stage, don’t worry too much about how you will afford to have these professionals “on your team”. There are definitely going to be some costs in getting started but initially you will be calling on these people far less frequently than the phrase “on your team” might suggest.

Full article… Guidelines For Assembling Your Real Estate Investing Team

Technorati Tags: accountants, bird dogs, contractors, lawyers, property managers, Team