Typical Cost for a Tax Strategist

[Yuk Wai Dominic Ng]

I am looking for a responsive real estate CPA who I can go to from time to time to strategize my business plan (Not just to file tax returns). I recently relocated to Indianapolis, IN and have a rental property in Ohio. My plan is to acquire more properties but I want to add an experienced accountant to my team to make sure I am getting the biggest bang for my bucks. 

What are your thoughts on having a out-of-state accountant for your real estate business? What are the advantages of having an accountant who are within the same state?

And how much do you typically pay for a real estate accountant who actually strategize with you? $500, $1000, $2000 a year? A ball park figure to help me started would be great to have! Thanks, BP community!

[Daniel Hyman]

Price will vary based on a number of factors including the complexity of the tax return as well as frequency and depth of the consultations. Tax pros can have vastly different pricing packages. Some include them on their websites, while others prefer to gather more information prior to providing a quote. 

Real estate is a unique niche and therefore, with most of the BP tax pros, you will be getting knowledge, experience, and judgment capability of staff that are completely immersed in the world of real estate. The fees reflect that value.