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Updated almost 9 years ago,

User Stats

83
Posts
42
Votes
Adam Ulery
  • Investor
  • Safety Harbor, FL
42
Votes |
83
Posts

What type of attorney needed for a new investor's team?

Adam Ulery
  • Investor
  • Safety Harbor, FL
Posted

Hi All, I'm a new investor who is starting to build my team that I will need for my first rental property investment. The more I learn the more confused I get with regards to what type of attorney I need. At first I thought I just needed a real estate attorney to help me with contracts, purchase agreements, rental agreements, evictions, etc. Then I met a tax attorney who is very knowledgeable (and very expensive to me at $350/hr) who can help me structure my entity to best protect my assets and to provide tax strategies. He doesn't offer the real estate attorney services. Then I listened to BP Podcast #109 with Scott Smith who sounds like a very knowledgeable asset protection attorney. So do I need all 3? Will I likely still need a CPA if I use the tax and/or asset protection attorney? Will I have any money left to invest after meeting with these "team members", lol? It is a bit daunting for a newb who just wants to protect himself properly, avoid costly mistakes, and get started buying his first rental property. Any advice from the BP community? Thanks in advance!

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