Uncontested Investing Podcast - September 9, 2025
In this episode of Uncontested Investing, we are wrapping up our “Building Your Team” series with two roles that can make or break your real estate journey: attorneys and accountants. We dive deep into why these professionals are essential, how to vet them, what pitfalls to avoid, and the questions every investor should ask before signing a retainer or engagement letter. From airtight contracts and asset protection to tax strategy, bookkeeping, and long-term financial health, the right legal and accounting team will protect your portfolio and accelerate your path to financial freedom.
Whether you’re a new investor closing your first deal or a seasoned pro scaling a portfolio across multiple states, this episode gives you the tools to build a legal and accounting foundation that lasts.
|
Episode Highlights 00:00 Introduction 01:05 What attorneys do: protect assets, ensure contracts, advise on entities 02:28 Why local expertise matters for local ordinances and compliance 03:17 What accountants do: tax strategy, bookkeeping, cash flow analysis 04:09 Entity structuring: LLC vs. corporation & why it matters 05:54 Identifying proactive vs. reactive attorneys 07:12 What to look for in a CPA or accountant 08:45 The importance of strategic CPAs who bring solutions, not just reports 10:26 Vetting attorneys: Important questions to ask attorneys 12:43 Understanding the difference between transactional and litigation attorneys 13:48 Solo attorneys vs. law firms—when to scale up your legal team 14:58 Vetting CPAs: experience with real estate tax law, multi-state expertise 15:56 Accounting systems, dashboards, and red flags to avoid 19:20 Pitfalls: hiring generalists, waiting too late, or overpaying 23:20 Networking for recommendations—REI clubs, trade shows, LinkedIn 24:57 Why hiring pros who invest in real estate themselves is a bonus 26:01 Quarterly check-ins, open communication, and relationship management
|
Quotables “Just because you’re not trying to do something illegal doesn’t mean you’re doing it right.” “Transparency is non-negotiable. A good attorney or CPA will give you proactive advice, not just answers when you ask.” “Hiring a family friend who’s an injury lawyer to handle your real estate deals is a recipe for disaster.” Links Website: RCN Capital https://www.rcncapital.com/podcast Website: REI INK https://rei-ink.com/ |