New Member Introductions
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated over 9 years ago on . Most recent reply

Newbie in Ashburn Va
Hello BP!
I'm a newbie looking for my first duplex in the Charles town WV area. So far I've got pre-approved by the bank for 230k. I've spoken with Mr. Blood at Blackwell realty ( also my property manager) and I'm currently looking for a duplex that cash flows.
I done have two questions. 1 do I need a lawyer? 2 do I need a accountant?
Finally, I'm educating myself. I've listened to 20+pb podcasts, 50+ Jason Hartman podcasts, and read 5+ books on REI. I'm really looking forward to my first deal!!!
Most Popular Reply

Welcome to BP. I do not see why you would need a lawyer unless you are partnering and creating an LLC.
As it relates to an accountant, I would recommend one that does your taxes yearly to make sure you file with your investment property accurately. Until that time you do not need an accountant
Hope this helps
- Chris Seveney

7e investments
16 Reviews
5.0 stars