Starting Out
Market News & Data
General Info
Real Estate Strategies
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/hospitable-deef083b895516ce26951b0ca48cf8f170861d742d4a4cb6cf5d19396b5eaac6.png)
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_trust-2bcce80d03411a9e99a3cbcf4201c034562e18a3fc6eecd3fd22ecd5350c3aa5.avif)
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_1031_exchange-96bbcda3f8ad2d724c0ac759709c7e295979badd52e428240d6eaad5c8eff385.avif)
Real Estate Classifieds
Reviews & Feedback
Updated 5 months ago on . Most recent reply
![Ashley Campbell's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2934807/1706653437-avatar-ashleyc429.jpg?twic=v1/output=image/cover=128x128&v=2)
Does a newbie need a RE focused CPA up front?
Looking to by one or two LTR props prior to year-end. Working on building my team around me and trying to decide if a RE focused CPA is needed for "Tax Strategy" at this point. We are W-2 employees with pretty straightforward tax filing at this point. Eager to learn about RE tax write-offs, how to document/keep up with expenses, what can be written off, etc. at this point...However, the 3 RE focused CPA's I've visited with want $5,000 annually for a couple hour sessions a year and a few recorded classes and other resources, which does not include tax preparation. I'm having a hard time justifying this cost when I'm only getting started. Thoughts? Recommendations? Any resources out there that anyone highly recommends? TIA!
Most Popular Reply
![Nathan Gesner's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/51525/1621411521-avatar-soldat.jpg?twic=v1/output=image/cover=128x128&v=2)
- Real Estate Broker
- Cody, WY
- 41,065
- Votes |
- 28,057
- Posts
Quote from @Ashley Campbell:
I use a professional CPA firm to handle my taxes and they are great with strategies. I have five LLCs, a holding company, and a trust. It costs less than $5,000 a year and I spend more than a couple hours with them.
- Nathan Gesner
![business profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/marketplace/business/profile_image/1432/1738609377-company-avatar.jpg?twic=v1/output=image/contain=65x65)