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Updated over 2 years ago,
Choosing the BEST real estate accountant???
I have one property currently, under my husbands work LLC. I am trying to get organized so we are set, off the bat, with a good system for all properties to come.
I use my general accountant currently, but I am looking for an accountant well versed in real estate investing- a tax planning accountant. Note: I am most definitely planning on expanding my property portfolio with more properties over time.
That being said, do I need to have each property in their own LLC?? I understand this can create more protection. Also- I saw someone mention that for even more protection... "add each of those house's LLC's to their own solely by a parent LLC that will act as a holding company." Would most of you say YES to this?
Is there any benefit to the accountant being local versus not? Note: We are currently investing in our area (Sarasota FL) but plan to expand nationwide in the next couple years.
Any insight on this? Thank you so much! Cheers.