Starting Out
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 3 years ago,
CPA looking to learn more about Real Estate Tax
Contrary to popular belief, accountants/CPAs do other things than taxes. After college, I decided to enter the world of audit at an accounting firm. Turns out I wasn't a huge fan of it and moved over to consulting.
It took me a few years to realize the value of tax knowledge, especially in real estate. As a CPA, I have a general knowledge of tax, having passed REG (tax portion of the CPA) but want to grow that knowledge effectively in the real estate space. As I grow in the real estate space on the side (looking to get my first multi-family soon), Brandon and David's advice to "find your unfair advantage" has resonated with me and I believe growing in the real estate accounting/tax space is mine, especially since I have the CPA designation that tends to allow for greater credibility.
Obviously, my intention is not to mislead people and use my CPA designation as a lure since my tax knowledge is minimal at the moment. Instead, I want to grow the basic knowledge to a more professional level and then eventually have my CPA designation work for me.
So my question for all my fellow BPer's is could you help provide actionable steps that will help me grow in the real estate accounting/tax space?
At the moment, I enjoy my consulting career and am not looking to join a smaller accounting firm to learn the ropes. I view real estate as something that will take significant effort and I want that professional real estate tax knowledge as a tool in which I could use for myself, consult for others, and be my thing when looking to partner with others on larger deals.
I'm open to all suggestions and am open to working for a smaller firm on the side if that makes the most sense. Wanted to bounce this off you all to hopefully make some great strides in that space and maybe even be an asset to your team in the future.
Thank you in advance for all your help :)