Rental Property Investor · Cary, NC · Member since 2018 · 106 posts · 34 votes
Hi guys,
I'm looking for a rockstar CPA that can serve and understand real estate professional status. I'm a full time real estate investor that has multiple properties and multiple entities and business. Looking for recommendations. Thanks in advance.
As accountants on BP, we are not allowed to self-promote. In your search, be sure to find an accountant that is willing to grow with you, and is not too high priced. The problem I see often with accountants on here is that they are specialized in larger investors, and have really high prices when you as a smaller investor do not need all the bells and whistles. Another thing I see is folks thinking they need to have a tax professional in their state. We as a firm have investors working with us who have properties all over the US for example. Finding a real estate-focused tax professional and one who can help with advisory and grow with you would be my suggestion to focus your efforts on finding. Best of luck in your search!
Your profile mentions that you are working with 'outside investors'
When this is the case, you are normally required to provide investors their k-1 once the partnership return is completed. The investor will need the k-1 to properly file their individual return.
You want to maintain a good relationship with your investors so providing K-1's timely and in a timeframe that is agreed upon is important.