Accounting

[Account Closed]

How much should I pay an accountant for my first year as a real estate investor operating as an LLC? Is $990/year plus $30/month too much for unlimited mentoring, filing business and personal taxes for state and local, the start-up ECE filing, and bookkeeping software?

[Steve Babiak]

What has your first year's investing activity been composed of?  Might not be much for that accountant to do for you if you are just starting out and haven't yet done much. 

As to accounting software, that is a one time purchase of Quickbooks for maybe $150 or so (depending on features and discounts you can find) up to maybe $300. Assuming you already owned the software, would the fees to you be lowered?