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
REI INK