Posted by ephrata_bob on March 27, 2005 at 16:49:42:
Hello Mr. attorney. How would you like to make some easy money? Then explain your idea and how you will pay him/her for each deal. If it is good and ethical and easy money for the attorney then bingo! you just got a new partner who will feed you every lead they know about.
The exact way this will work - the mechanics of the deal is up to you to figure out. Are you smart enough? Ask for the help of - an attorney. Then after you think you have it all figured out ask another attorney. None of these people - attorneys should be the ones who you are going to do the deals with because they will have a skewed view of things because of the prospect of profit and might get you into something which will hang your butt later. Don’t give people a chance to be unethical, control this part yourself be talking to attorneys who you will have to pay to structure this for you 1st. Then find the right attorney/firm to make the offer to. Attorneys like money as do we all, offer them some easy money and they will take it. Just watch your butt as far as ethics and the law are concerned.
Do estate attorneys sometimes give leads? I’ve been thinking about trying to get leads from them. My question is why would an estate attorney want to work with a real estate investor? What can I say to them to make them want to send me leads?
I have been a trust and estate attorney for 20 years.
Forget about your idea.
When a client (the PR of an estate or Trustee of a trust) wants to sell a property, he or she has a fiduciary duty to secure the best price and terms for the property. To do otherwise would expose the client to liability. Sweetheart deals are a big NO NO.
Sometimes we list the properties, and let the market forces work for us. Other times, we FSBO properties, but we always want to get maximum exposure to the pool of available buyers out there.
I would NEVER, NEVER have an arrangement with a single investor, where that investor got an exclusive shot at a property. I would lose my license, and theh my client would get sued, and then I would get sued…