Investment properties require experienced real estate attorneys. Because most are unfamiliar with real estate transactions and have never invested in themselves.
The best lawyers always listen to clients, listen witnesses, listen to opposing attorneys and listen to courts, it can mean the difference between winning and losing in a case. A good lawyer takes all the necessary information, analyzes it, and makes a plan of action.
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A competent real estate investment attorney is one who advises you of the risks involved in a transaction.
When an attorney doesn't talk about real estate risks; when he finds a problem but doesn't talk about the solution; or if your attorney closes deals methodically (most lawyers are known to kill deals), you're in the wrong.
Four things you need to do to hire a good real estate attorney:
1. Join a real estate investor association in your city and ask for referrals.
2. Ask people who have invested in and used the services of a lawyer.
3. Contact title companies and real estate agents for recommendations.
4. Forget the Yellow Pages. You can't just pick a lawyer who claims to know Baltimore real estate investing.
There are also environmental and construction lawyers. Every attorney is an expert in their field and cannot give you sound advice in other areas. That is why it is important to choose a lawyer who is an expert in a particular field.