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Updated over 7 years ago on . Most recent reply presented by

Jesus Canales's profile image
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Jesus Canales
  • Investor
  • from Haines City, Florida
  • Member since Mar 5, 2017
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Jesus Canales's profile image
Jesus Canales's profile image
Jesus Canales
  • Investor
  • from Haines City, Florida
  • Member since Mar 5, 2017
Connect
Jesus Canales
  • Investor
  • Haines City, FL
2
Votes |
9
Posts
1031 Exchanges

I need a savy Real estate accountant that knows 1031 exchanges

Jesus Canales
  • Investor
  • Haines City, FL
Posted

I am currently flipping houses (15 deals annually )  continually in the central Florida area and need advice on hiring an accountant that can help me save money and coach me from an accountants view.

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Simon Filip's profile image
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Simon Filip
  • CPA and Investor
  • from Paramus, New Jersey
  • Member since Jan 16, 2017
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Simon Filip's profile image
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Simon Filip
  • CPA and Investor
  • from Paramus, New Jersey
  • Member since Jan 16, 2017
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Simon Filip
  • CPA and Investor
  • Paramus, NJ
11
Votes |
28
Posts
Simon Filip
  • CPA and Investor
  • Paramus, NJ
Replied

Jesus Canales be cautious. Property that you hold primarily for re-sale (short-term house flips and rehabs) may not qualify for 1031 because you may be holding the property as your inventory to re-sell it. Make sure you discuss with, whomever you work with. Private message me if you have questions

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