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Updated over 11 years ago on . Most recent reply

User Stats

15
Posts
4
Votes
Dee Cross
  • Investor
  • San Jose, CA
4
Votes |
15
Posts

Late introduction from new investor in based San Jose, Ca.

Dee Cross
  • Investor
  • San Jose, CA
Posted

Hello all,

I live in the SF Bay area. I joined BP a few moths back, but have been, busy with school and work. As a result, this is my late intro now that I'm on summer break. Last summer I purchased my first investment property in Riverdale, Ga. It's a 3 bedroom, 2 bathroom, which I've been renting out as of 12/12 until current. Being that it was my first property, I ran into many surprises, and learned allot. At this point I plan to review my deal, and learn what I could have done better. I have many questions and hope to learn allot over this summer while I have time.

I purchased my home (nearly move in ready) back 8/20/12, and have delayed doing my taxes. I misplaced all of my receipts for experiences, and just found them 2 weeks ago.

Questions

1. Taxes
Can anyone suggest how I should handle my taxes? Better yet, how should I go about finding professional help?

I usually just go to H&R block, but from what I understand, there are many potential tax benefits. I'm thinking it would be in my best interest to find someone with experienced in REI.

2.
I'm not sure where to start. I call a few enrolled agents last week, but have yet to get a response. Should I get an accountant, or an enrolled agent? I have even had someone tell me I would be fine with turbo tax, but I want to maximize the tax benefits. If I don't, I feel I would be defeating the purpose.

Any suggestions would be greatly appreciated
Dee

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