Real Estate Tax Planning and Business Expenses

[Nam Nguyen]

Hello fellow real estate investors, 

I am a new kid starting off in Real estate. I am currently living in California and need to learn more about real estate taxes, does anyone have a CPA (specialize in real estate) who they can refer to in Northern California? 

Also, looking into building a process to track business expenses for real estate (travel, conference, gas, etcs). I heard of Quickbook was a solution, but wondering if anyone can share their experience. Many thanks in advance. 

[Bill Hampton]

Nam,

I recommend finding an accountant that specializes in real estate taxation over one that is local. You may want to consider working with your accountant remotely to expand your options.

I would also recommend looking for a tax strategist who is willing to work with you throughout the year, not just when preparing your tax return. You want an accountant that can help you strategize and who is responsive when you want to know the tax consequences of the decisions you are making throughout the year.

Check out stessa dot com. It's free rental income and expense tracking software. It's also easier to learn and use than Quickbooks. 

Good luck and let me know if I can be of assistance.