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.

 

Key Talking Points of the Episode

 

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

 

RCN Capital

https://www.rcncapital.com/podcast

https://www.instagram.com/rcn_capital/

info@rcncapital.com

 

REI INK

https://rei-ink.com/