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Updated over 3 years ago on . Most recent reply

User Stats

54
Posts
28
Votes
Eric Chiang
  • New to Real Estate
  • Riverside, CA
28
Votes |
54
Posts

Real Estate-focused CPAs

Eric Chiang
  • New to Real Estate
  • Riverside, CA
Posted

Hi BP community! I'm a new real estate investor about to close on my first househack (duplex near Riverside, CA). I had a few questions regarding CPAs focused on REI:

  • At what point in your REI career did you find a CPA?
  • How much can I expect to pay a CPA?
  • If you have used a CPA for REI, how did you find your CPA and was using a CPA worth the cost?
  • What are some common questions that you ask for vetting CPAs?

Thank you in advance for the help!

    Most Popular Reply

    User Stats

    10
    Posts
    20
    Votes
    Colton Taylor
    • Rental Property Investor
    • Little Rock, AR
    20
    Votes |
    10
    Posts
    Colton Taylor
    • Rental Property Investor
    • Little Rock, AR
    Replied

    @Eric Chiang

    I use a CPA that was recommended from a friend of mine who also invest. I began using this CPA as soon as As I started collecting passive income from real estate . When I started out one property plus W-2 income ran $350.

    You can save yourself money by being organized with your expenses/income, anything to make it quicker and easier for your CPA. Personally the advice I have gotten from my CPA plus the fact I do not have to stress about doing my taxes makes it worth it.

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