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Updated 4 months ago on . Most recent reply

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Bobby Scurlock
  • Investor
  • Ashburn, VA
3
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Newbie in Ashburn Va

Bobby Scurlock
  • Investor
  • Ashburn, VA
Posted

Hello BP!

I'm a newbie looking for my first duplex in the Charles town WV area. So far I've got  pre-approved by the bank for 230k. I've spoken with Mr. Blood at Blackwell realty ( also my property manager) and I'm currently looking for a duplex that cash flows. 

I done have two questions. 1 do I need a lawyer? 2 do I need a accountant?

Finally, I'm educating myself. I've listened to 20+pb podcasts, 50+ Jason Hartman podcasts, and read 5+ books on REI. I'm really looking forward to my first deal!!!

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Chris Seveney
  • Investor
  • Virginia
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Chris Seveney
  • Investor
  • Virginia
ModeratorReplied
Welcome to BP. I do not see why you would need a lawyer unless you are partnering and creating an LLC. As it relates to an accountant, I would recommend one that does your taxes yearly to make sure you file with your investment property accurately. Until that time you do not need an accountant Hope this helps
  • Chris Seveney
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7e investments
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