New Fix and Flipper Seeking Attorney/CPA

[Sasha Josephs]

Hi there! Seeking an investor (flipper) friendly CPA and attorney for projects out in Texas and California.

Does one need to use an attorney/CPA local to the area you are investing in or can the individual be based where you live? (I live in California)

[Katie Balatbat]

@Sasha Josephs

You need a CPA that is familiar with the laws in the states where you are investing, but they can be located anywhere.  Since CA tends to be a bit more complex than most states, and since as a CA resident you will file a more extensive CA return, I tend to favor a CA-based CPA (unless the CPA that you are working with is well-versed in CA laws and returns).  Texas has no state income tax but does have other taxes like franchise fees and similar.  As to an attorney, it really depends on what type of task you are looking for the attorney to assist with as a local attorney will be better off with landlord-tenant laws and customs, but an estate planning attorney would be based in the state where you are a resident.

*this post does not create an attorney-client or CPA-client relationship. The information contained in this post is not to be relied upon. Readers are advised to seek professional advice.