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Updated almost 11 years ago on . Most recent reply

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17
Posts
9
Votes
Brent Watson
  • Flower Mound, TX
9
Votes |
17
Posts

Attorney vs CPA - difference?

Brent Watson
  • Flower Mound, TX
Posted

Hey guys,

Sorry for my ignorance, but after reading a bit, I still don't understand what a real estate attorney does compared to a "real estate investing-focused" CPA.

Can someone shed some light on the differences and whether or not someone needs both or just one or the other?

Most Popular Reply

User Stats

246
Posts
89
Votes
Siye Baker
  • Investor
  • Tallahassee, FL
89
Votes |
246
Posts
Siye Baker
  • Investor
  • Tallahassee, FL
Replied

Although I still have not found an accountant(waiting for tax season to end to schedule a sit down), I have found my 2 RE attorneys. I will use them for the following functions:

Attorney A: leases,

Attorney B: contracts to buy properties(subject to, closings), advice on upcoming ventures, and the legal implications

Accountant: in addition to doing taxes, offers creative options before I commit to deals, so that I can know the tax implications before I commit to a transaction.

Hope this helps

Sebastian

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