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Updated almost 2 years ago on .
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Tax Planning Ahead of Rental Portfolio
Would sitting down with a real estate CPA and tax advisor before beginning to build a portfolio be overkill? I've heard so many horror stories of investors getting the rug pulled from under them come tax time. What recommendations do you have to a new investor looking to get ahead of this!
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#2 Tax, SDIRAs & Cost Segregation Contributor
- CPA, CFP®, PFS
- Florida
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#2 Tax, SDIRAs & Cost Segregation Contributor
- CPA, CFP®, PFS
- Florida
Quote from @Connor Benn:
Would sitting down with a real estate CPA and tax advisor before beginning to build a portfolio be overkill? I've heard so many horror stories of investors getting the rug pulled from under them come tax time. What recommendations do you have to a new investor looking to get ahead of this!
Absolutely !!! and depends on your goal. You could wait if you are just trying to buy one property right now.
If not, you have no idea how much time and money you can save by being proactive. We have customers pay more than 10k in cleaning up the mess they have created becuase they didn't talk to the advisor before starting.
- Ashish Acharya
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- 941-914-7779
