Recommendations in Nashville for Tax/Financial Advisor

[Charlie Shew]

My question is who in Nashville should I talk to first about my investment options and tax consequences. Do I talk to a tax advisor, Financial Planner or CPA? Does anyone have a person who they would recommend in Nashville / Wilson County with experience in rentals?

My immediate goal is to buy a second home to move into and keep my current home to rent. I current home is valued at about $270,000 and I owe $98,000. I would like to purchase something in the $300,000 to $350,000 range. I have no cash for a down payment on a new home, but I have the equity and $170,000 in an IRA and $45,000 in a 401k.

I am meeting with a trusted loan officer next week but that's only about what his bank can do for me. 

Thanks,

Charlie

[Dan Beaulieu]

Hey @Charlie Shew, you'll definitely want to get a good CPA with experience in real estate on your side. I'd avoid a financial planner if you're goal is to build a real estate portfolio... most FPs will try to sell you an annuity or something silly that they can make a commission on. Clint Hauser with Stone, Rudolph, and Henry is one the of the best CPAs in Nashville and does deals himself. I always consult with him before making any big moves and he always gets back to me right away with estimated tax consequences. He sometimes teaches classes at the local REIA as well. I hope this is helpful!