As I progress down the path of property flipping 101, I realize I will be dealing with a lawyer at one point or another. I am noticing foreclosures can be a touchy subject in many states, and I want to have my ducks in a row. As I work my starting budget, minimizing costs is important, but so is minimizing risk.
So my question for those that have worked a few deals, did you seek legal advice before you began the process? After your first flip? When? What was some of the info you sought when talking to a lawyer? What were the average legal fees you encountered (I realize this can vary, I'm just ballparking)?
So my question for those that have worked a few deals, did you seek legal advice before you began the process? After your first flip? When? What was some of the info you sought when talking to a lawyer? What were the average legal fees you encountered (I realize this can vary, I'm just ballparking)?
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