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Updated over 3 years ago,
Lender, Attorney, Management, Accountant, where to start?
Hey BP! I am ready to invest in my first multi-family and would like to know if there is a certain order everyone took to line up their team. Should I partner with an attorney first to create LLC, lender to start on financing options, find property manager for the area etc. I have 6 SFR units now that I own and manage myself and for better or worse, they have been in my name so I have not yet ventured down the road of setting up a true professional "team". Has anyone good reason to go in a specific order in getting their team together? I am at the point where my personal credit is above 800, DTI is almost 0 except for the 6 mortgages (no other loans, high credit debt, judgements etc) and have a little over 6 figures ready to invest (could be more as I just sold my primary with no capital gains tax), just looking for a good best practice for next steps in order to close on a deal before the end of 2021. Thanks in advance for the feedback!