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Updated about 8 years ago on . Most recent reply
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CPA for California State Taxes and potential Louisiana rentals
Is it recommended to get a CPA who can handle my state/federal taxes and investment properties? I would like to find someone who can do both but I live in Los Angeles and am looking to invest in Louisiana. Any recommendations?
Most Popular Reply
Cathy Gribble if I were an out of state investor, I would not choose NOLA for my buy and hold rentals. Is there not another mid-size city with less natural disaster risk and better cash flow you would like visiting? Do you have family/attachment here? I own here bc I live here, and love it. But Nola requires flood & wind/hail insurance not required in other regions, very old housing stock that requires additional maintenance, and solid understanding of the city as it can vary widely block to block. Additionally the market has been very hot the last few years.