Category Archives: Real Property Law

How To Find A Good Real Estate Attorney

http://JoeCrumpBlog.com – Sign up for free real estate investing training with 25 year real estate veteran, Joe Crump. Learn how to build an automated, sustainable, profitable investing business with no down payments and no credit. Discover the most advanced automation software for investors available today at: http://www.PushButtonAutomarketer.com Learn how it will bring you a flood of motivated seller financed leads every single day. Six Month Mentor Program: http://www.ZeroDownInvesting.com Read the Transcript: “It’s been awhile. I’ve got two questions. Do you have an attorney contact either where you live or one who’s familiar with laws in other states, particularly Minnesota? I just need some peace of mind that I can protect my real estate license and know that I have an attorney who’s got my back if anything were to come up. I’ve been told over that our Commerce Department hates lease options with a passion, especially if you’re licensed because now they have something to go after and make an example of. However, I haven’t given up what you teach. The biggest thing they don’t like is the fact that we’re making a good amount of money up front from people who will likely never exercise their option.” – Ryan Dybeck Joe: First, let me say you’re also making money as an agent from people who are selling their property up front before they make any money on it, so if you sell to another investor who has not made any money yet and you make a commission on that deal and you make more commission than he makes as a profit, have you done something wrong? – no, of course not. Joe: It’s the same situation here – what you’re doing is facilitating a sale, you’re making sure everybody understands what’s going on, you’re disclosing all the problems to them which is one of the things that we have in the lease option agreement that we have everybody sign, so everybody understands what’s going on in the transaction so you’re not going to have this kind of blowback with the commission. Joe: Also, it’s very legal for a real estate agent to sell a property on a lease option. It’s done every day, all over the country in every state, every city and all over the world actually, so you’re not going to have a problem with that. Now, if you have any questions about lease options and how to do them, then what I would do, if you’re a real estate broker, is call your real estate board’s online broker. Joe: There’s going to be somebody on every board that you can call up (ours is called the LESA hotline) and we can call that attorney up and we can ask them questions as a broker (I’m a broker as well). ‘Is it legal if I do this? What’s the best way to do this to protect everybody? Do you have any suggestions on this? Would you suggest that I do it a little bit differently? Is there … Continue reading

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