Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 11 years ago on . Most recent reply

User Stats

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

Loading replies...