Investor · Arcata, CA · Member since 2015 · 89 posts · 12 votes
Hey guys,
As I get more serious about bigger (and more complicated) investment opportunities, I'm trying to figure out how to structure my team. Most investors seem to have a reliable attorney and CPA - anyone else on your roster?
How and when do you (or other investors you know) consult an attorney or CPA? What does each review for you? Are either particularly cost efficient for specific tasks? Will any gut check projections or financials?
Finally, does anyone have any recommendations for an attorney and a CPA? I live in Los Angeles, but I'm considering deals outside of California as well.
Attorney · Bay Area, CA · Member since 2016 · 164 posts · 135 votes
10y
@Eli Kallison If your deals are getting more complicated, it is a good idea to have an attorney and CPA that are familiar with REI, as well as an investor friendly realtor.
If you are going to bring on partners and/or if you plan to buy multiple properties, then you will need to strategize with a business entity, insurance, tax advice, and a good attorney and CPA can help answer your questions and guide you.
I work primarily with real estate investors, and a lot of my clients are inviting out of state. Feel free to reach out if you need a consult.