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Updated about 1 year ago,
New Real Estate Investor. Looking for advice
Hi, I recently turned twenty. I worked fulltime in HVAC for 4 years. I just left that industry to pursue real estate full-time. I am about to acquire my 4th property Lord willing. My 3rd one in the last 5 months.
I currently have enough cashflow to survive off of due to a more creative style of short term rentals I do.
My question is this,
I made maybe around 30-40k this year as I worked some of the year at my old job. I ran the numbers and conservatively I should be grossing around 300k next year from rentals and other income sources before taxes and expenses. I’ve never made over 100k and I’m wanting to get a step ahead of taxes and make sure I’m doing my books correctly for the likely audit I’m going to get soon.
How do I go about finding the right accountant and what questions should I ask to know if they are the right fit?
Thanks!