Accounting Business for Real Estate Investors

[Elena Casey]

A wonderful evening to all of you from New England! :-)

I've posted a similar post on a different forum (probably the wrong one) and haven't gotten any feedback so I'm hoping second time is the charm.

I'm a CPA in the State of Maine with 12+ years in public and private accounting sectors. I also cannot get enough information on anything and everything real estate. So then I decided to look into the possibility of opening my own practice and specializing in Real Estate specifically. What would, in your opinion, be the optimal list of services? The 20% that would satisfy 80% of investor needs?

I hope this is an acceptable discussion topic on Bigger Pockets forums.

Thank you in advance for all of your help.

Respectfully,

Elena

[Ed Emmons]

Sounds more like a question for a CPA group where you can share new ideas but most people here have limited experience even in real estate. So just knowing the basics and directing them in the the best tax position is helpful. Things like structure, S Corp ownership versus private, LLC versus S Corp, what's best for flip versus long term hold, structuring purchases for max depreciation, cost segregation, and things like these.