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Updated over 7 years ago on . Most recent reply

User Stats

9
Posts
2
Votes
Jesus Canales
  • Investor
  • Haines City, FL
2
Votes |
9
Posts

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.

Most Popular Reply

User Stats

28
Posts
11
Votes
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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