Taxes/LLC in VT/PA, Lawyers, & Ideology

[Michael Cohen]

Hello all from Burlington VT,

  My name is Michael and I joined Bigger Pockets about a year ago mainly for the ultimate beginners guide. I obviously still have questions after purchasing a duplex in Burlington. I kept reaching out to folks at work who used to be in the business 5-20 years ago and realized I may have some better success here!

- Does anyone know a good accountant in the area to work through LLC discussions and help me understand more about taxes in the income property world. I also own a property in PA that would need to be addressed as well.

- Lawyers: I have not had the need (ignorance possibly) to hire a lawyer as of yet. However I imagine having someone that could support me in an untimely event may be a worthwhile venture. Can anyone recommend someone in the area that specializes in real estate? Besides the liability side of things, is there any other reason I would need one?  

- I rarely hear stories of someone purchasing an income property and paying it off completely asap prior to acquiring the next property. Generally speaking it seems like a race to see how many properties you can get as fast as possible. I understand that with the interest rates currently why this thinking is smart. However I hate to pay double for the house I purchased (after 30 years) if I can help it. Can anyone shed some light on this topic? 

Thank you for reading, 

Michael Cohen

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