Should you wait to get an account a and lawyer?

Question

Hello BP,

I have a question hopefully it’s not too ridiculous.. should I get a lawyer and an accountant prior to even getting my first deal or should I wait? I understanding building a team is important, I’m just concerned since I don’t have a deal or property YET.. that they won’t take me serious.

Abel Curiel · Answer

Hey Julio,

Great question!

Your attorney and accountant won't come into the picture until a bit further down the road.

I typically recommend finding a lender and a Realtor in the beginning. They will help you with finding and financing your deal. Once you have a deal in place (i.e. accepted offer), you'll then need an attorney. A good lender and/or Realtor should have multiple recommendations for you to choose from.

Once you get closer to the closing table, the next step will be to contact your accountant. Again, this is a professional that can be recommended to you by the rest of you team - lender, Realtor or Attorney.

I wouldn't go too crazy assembling your entire 'team' at this point. With those first two professionals, you should have what you need to take the initial steps in your journey.

Best of luck to you moving forward!

Abel

Vee K. · Answer

@Julio Velazquez, as Abel said, you won't need attorney and accountant until further down the road. It's good to seek counsel before you need them. So, in your case, if you merely want to vet someone to be considered as part of your future team, then go for it. Otherwise, you are better off waiting.

Good luck!

Vee Khuu

Abel Curiel · Answer

WOW small world! Your name definitely sounds familiar. I just sent you a PM so we can connect.

Also, Josh is a College Women's Softball head coach now!

Looking forward to staying in contact

Julio Velazquez · Answer

@Vi K. That is true, just have to find one willing to work with me at this stage. Simple concept not very easy to find but that’s part of the business until I have the accolades

Vee K. · Answer

@Julio Velazquez, it's true people will always qualify you because they don't want to waste their time. And that's fine. You just tell them exactly where you are at in the process, and what you are looking for. If they want to work with you then they will. If not, move on to the next one.

Vee

Julio Velazquez · Answer

@Vi K. Thank you very much. It seems every one tries to qualify you at first. Wether it’s the realtor or whomever. That’s why I asked if I should start doing that now.

Thank you.

Julio Velazquez · Answer

@Abel Curiel Abel thank you for your response.. and I’ll go ahead and start looking into both..

What a small world you might not remember me but you went to arts and business correct you played under coach Cohen. Along side josh mensh?

Should you wait to get an account a and lawyer?

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