Real Estate Investors Can Save Money Using A Legal Plan Membership
As a real estate investor I learned early that I needed a attorney from time to time. I also learned early that if I didn’t use one it could cost me extra that if I just had gotten one to begin with. Now the cost to get an lawyer can vary anywhere from $200 to $300 or more an hour.
I purchase real estate as an investment, I own both rentals as well as I purchase private seller financing mortgage notes. All my rentals are located in the town I live in which makes them much easier to manage. But you still need to know the rental laws within your state. Now think about owning seller financing mortgage notes all around the United States and if you have a problem within that state do you have an attorney at your beckon call?
If I have a slow pay as a note payer its nice to be able to talk with my local law firm and they will assign a attorney who is familiar with Real Estate laws in the state where I hold the note. I can then work out a solution for them to address and they will even act as a collection department. Telephone consultation and letters written on my behalf are covered under my monthly plan.
I have carried a monthly legal plan service for nearly two years now. Legal plans are becoming a vital part of life with the likes of car insurance or health insurance. I use this policy for all personal family matters as well and in my business which is in real estate investing for an additional rider.
It takes the strain out of real estate investing. Having a legal plan allows me to pick up the phone anytime I am in need or have a simple question. for a attorney. The best thing about it is I can use it any time I need too without running up a huge expense. I know exactly who to call, they are local to my state and once I make the call they have an attorney contact me within 8 business hours to discuss my issue.
This service cost me nothing more than my monthly membership fee.
Did you know that the typical person is more likely to require a attorney opposed to a doctor. Did you know the average person does not have a will. You don’t use these products everyday but it is a must that you have them. It’s not if you need the coverage, it’s when you need the coverage. Many people in everyday life have something that takes place in which they need legal advice, a phone call, a letter, basically some type of representation. But, the average person has no one to call or consult with.
A Legal Plan offers you the following:
Under this first area of service, you’ll receive telephone consultations on an unlimited number of matters for personal or business questions, letter/phone call and legal document review (up to 10 pages).
# Will Preparation (Yours and your spouses Will, Living Will and Healthcare Power of Attorney.
# Telephone Consultation
# Contract review
# Letters written on your behalf
# Debt Collection Letters written on your behalf.
Motor Vehicle Legal Services
Assistance for moving traffic violations
Representation for certain motor vehicle related criminal charges
Up to 2.5 hours for help with:
# Driver license assistance
# Personal injury/property damage collection assistance of $2,000 or less
Trial Defense Services
Your provider law firm will help in the defense of civil suits and job related criminal charges. Depending on your plan you could obtain up to 75 hours of assistance the first membership year which includes up to 57.5 hours of trial time and 17.5 hours of of pre-trail. The hours will increase over the next 5 years as long as your a member.
IRS Audit Legal Services
Scheduled Benefits up to 50 hours of professional services from your Provider Law Firm, including 3.5 hours of pre-trial time.
Other Legal Services
Any other legal services not otherwise covered by the membership are available at 25% discount from the Provider Law Firm standard or corporate hourly rate. This can also cover preexisting matters.
A legal membership plan can be as low as a cup a coffee a day for your entire family. This gives you and your family the coverage they need.
To learn more about real estate investing including information about note buying visit our We Buy Notes website.