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Updated almost 11 years ago on . Most recent reply
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Attorney vs CPA - difference?
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
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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