New Investor - Lawyers & Tax Advantaged Systems

[Matthew Metros]

Hi - I am setting up the foundations of my real estate business. To preface, I am an out of state multifamily (5 - 25 units) real estate investor. I felt that additional context would be helpful for guidance.

Anyways, my partner and I looking to understand how we set ourselves up for success from law and tax perspective

1. What should we look for from a law perspective? Should we get a lawyer so that document wise and entity wise that we are organizing deals the right way?

2. Then from a tax perspective - How do you properly handle the tax returns so that the correct deductions are taken from the entity that we set up.

We want to make sure that we have a lawyer and tax-advantaged foundation ready to go so that when a deal does come around, we are not shuffling our feet because we were not prepared.