How a Business Hired a Lawyer to Draft a Real Estate Investment Agreement in California

In 2023, a business in California posted a project seeking assistance with drafting a real estate investment agreement. The client was looking to engage in a joint venture with a real estate wholesaler in Arizona, needing to outline an arrangement where they would fund the earnest money for the deal. They aimed for a clear agreement that would specify a flat rate return on their investment, but encountered difficulties in selecting the appropriate document type for their needs. As a result, the client received four proposals from licensed lawyers, with flat fee bids ranging from $850 to $1,800, all submitted to complete the work within the requested deadline of over a week.