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Updated over 9 years ago on . Most recent reply

User Stats

500
Posts
243
Votes
Alex Chin
  • Seattle, WA
243
Votes |
500
Posts

Building your legal team*

Alex Chin
  • Seattle, WA
Posted

I am a perspective buy-and-hold investor in the Seattle area with ambitions of building a sizable rental portfolio. However, as someone new to the game and trying to do his due diligence and real estate education first, I would like to ask experienced landlords how they went about building their team on the legal side of things?

Was it important for you as an investor to have a attorney in-place and ready before you bought your first property or was her/his presence on your team something that happened as necessary?

Did you go to family and friends for recommendations first or hit up the ol' Google search?

Thank you, any advise or stories of how you got started here are appreciated, read, and hopefully responded to in a timely manner.

*by team I mean your informal or formal collection of managers, attorneys, accountants, and advisers who help you run your business

Most Popular Reply

User Stats

500
Posts
243
Votes
Alex Chin
  • Seattle, WA
243
Votes |
500
Posts
Alex Chin
  • Seattle, WA
Replied

@Casey Stuebs - Hey Casey, thanks for the tip about that podcast, I have it on my list of "things to listen too". I think at this point, general advice has been that an attorney on retainer is not necessary for a new investor, but I would be well advised to get my lease agreement thoroughly reviewed.

@Sam B. - It does indeed help, I don't think I'll be looking into the Seattle core markets any time soon, my concentration will lie more towards the south iniitally, in the Kent, Renton, Des Moines, and Burien areas.

@Account Closed - Thanks for the quick run-down on your experiences and I'll keep that in mind moving forwards.

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