The Untold Secret to Building Your Ultimate Investing Dream Team—And Why Going It Alone Could Cost You Everything
- Keep working with your financial and tax experts to stay aligned.
- Start researching legal counsel and retirement account custodians now—don’t wait until wire instructions hit your inbox.
- Begin assembling the next layer of your team before you’re under pressure.
Investing phase: Deploy capital with confidence: Now it really matters. Mistakes at this stage get expensive.
- Hire a legal expert to review deal documents and ensure your investment is properly titled and protected, as well as help you avoid legal traps and capital call clauses that can erode your equity or surprise you later.
- Hire a retirement account custodian if using SDIRA or solo 401(k) funds, to ensure proper account setup, tax compliance, and avoid disqualified transactions that could trigger IRS penalties.
Scaling phase: Optimize and streamline: Your portfolio is growing, and complexity starts to increase.
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