As a real estate investor, I keep a strong network of several people. In my prior post, I discussed the role of the hard money lender or private lender. Here's a link to that post @methodofmad/posts.
The second role that is extremely important is the closing attorney. Each state is different, but in my state the closing attorney is the person who researches the property title and determines if the title qualifies for title insurance. Just a quick word on title insurance, I never buy a property that does not qualify for title insurance.
When you first start working as a real estate investor, select an attorney based on how the attorney or his/her team respond to your request. An attorney that is slow to respond, is not likely to be a good choice. I don't shop the attorney on price, but I do review the fees. Most are similar in cost.
I use two closing attorneys because occasionally one is out of town or extremely busy. Each is willing to give me a quick title review prior to a full commitment at no cost. This is really important, because you do not want to be stuck on a bad deal for an extended period of time. If there's an issue that can't be quickly resolved, move onto the next property.
Another reason that I stay loyal to my closing attorney is that he sees off deal properties. When there is an upcoming estate that may be sold, he alerts me. This helps me reach sellers before property reaches the market. Remember, Good Deals Don't Stay Hidden. If you find it first, move on it fast!
In general, I shy away from attorneys that are housed within a real estate broker or mortgage broker's office. I want my interest to be in the forefront of the attorney's mind. Also, if I am the buyer, I write in my contracts that I select the attorney, even if that means I pay the closing cost.
Feel free to ask comments. And follow for additional real estate tips and marketing ideas. Speaking of marketing, here's a marketing idea that almost was worth $40,000 to me, maybe next time! @methodofmad/anppizwe-hive-140905