Key Takeaways
- Five attorney specializations serve investors: transactional, entity formation, tax, litigation, and regulatory.
- Tax attorneys provide legal opinions and IRS representation; CPAs handle tax preparation and routine planning.
- Fee structures (hourly, flat, contingency, retainer) should match the engagement type — always define scope in writing.
- Preventive legal counsel is the highest-ROI professional expense — $500 in contract review prevents $20,000+ in litigation.
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Test Your Knowledge
1.How many attorney specializations typically serve real estate investors?
2.What is the difference between a tax attorney and a CPA in serving real estate investors?
3.Why is preventive legal counsel considered the highest-ROI professional expense?