San Jose, CA · Member since 2015 · 132 posts · 50 votes
I am new to this industry and understand the importance of getting off to a good start by building a team of professionals who are also real estate investors. I would appreciate any recommendations regarding a real estate attorney and/or a CPA in the San Jose, CA area. If you have a reference, please provide some detail as to why you think your reference is good (or bad!).
Thank you, BiggerPockets community. I look forward to your reply(s).
While a good team is vital to a successful business, you should focus on your business plan through which you can create revenue. I can forward you my CPA's details who's investing himself, but he'll tell you to contact him after you've made a few deals.
Thank you for your reply, Assaf. I have devoted much time thus far (and will continue to do so) on generating a business plan. I am, at this point, unsure which step to make first, however - focus first on acquiring a property, or creating an LLC/corporation first followed by property acquisitions. This is something I'd like to discuss with a real estate attorney. Any thoughts on creating an LLC vs. a corporation prior to buying?
Creating an entity largely depends on what type of investing you want to do. Are you going to flip houses? Buy and hold? Invest out of state? Are you going to do it yourself or with partners? How are you financing your purchases? each one of those have an implication on the type of corporation that suits best.