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Updated over 3 years ago on . Most recent reply
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Action plans and moving foward.......Accountant
Ok, to avoid Analysis Paralysis I am trying to take 1 action every single day to move towards my first SFH or MFH deal. I have met amazing people so far on BP, all of which have offered to help me in my journey and I am beyond grateful.
NOW, I realize that one major piece of any team I build will be a solid and sturdy Accountant. So here comes my question:
What 'type' of Accountant provides the most expertise to an investor's team, especially a new ignorant investor?
I will make an assumption it is an Accountant very much experienced in tax law?
So am I looking for someone with experience in Financial Accounting and Tax Accounting and Investing Accounting?
That sounds like 3 specialists rolled into 1 person. (yes I googled 'types of accounting').
Any tips or tricks to point me in a decent direction?
Thanks!
-Allen Gross
Most Popular Reply
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I highly recommend finding an accountant that is a real estate investor themselves. They'll know a lot more than your typical accountant.