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Updated almost 3 years ago on . Most recent reply

Lawyer vs. Accountant - who first?
Hey BP fam!
Newby investor from the NC Triad area - Greensboro, North Carolina. I've got my first property under contract (with a partner), and am looking to talk to a lawyer and an accountant before I get too much further into the process, to make sure I set myself up for success from the very beginning.
Question is - who should I talk to first? I'm sure at the end of the day it's not a huge deal, but I'd like to cut down on the back-and-forth. Knowing myself, I'm sure I'll come up with more questions for the lawyer after I see the accountant, or vice versa.
I plan on discussing:
- JVs and partnerships
- Note investing (seller-financing)
- LLCs and (Land) Trusts
- Purchasing foreclosures
Thanks for your thoughts, even if it's "it doesn't really matter."
Most Popular Reply
@Carl Kallgren IV
As a tax lawyer myself, I suggest you talk to an accountant first. You'd be surprised how many incompetent/inexperienced lawyers there are our there. An accountant specializing in real estate has industry experience. They can easily handle any questions you have for a first deal.