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Updated over 7 years ago, 06/27/2017
Why dont accountants understand real estate investing?
I have used 2 different CPA's and they all seem to think alike. Both prefer I max out my SEP IRA / HSA before putting the money into real estate. I put a nice chunk of cash into both but I want real estate to be my main retirement vehicle.
I have a rental property business with the BRRRR strategy. The accountant just see what looks like a crappy investment on my tax returns but dont they understand that its whats going on behind the numbers that make it a great long term investment?
Cash flow - mortgage pay-down - appreciation - tax savings - liquidity - leverage
These guys are a lot older/ more experienced, and I assume more financially sophisticated then me - So am I missing something?