Recommendations for CPA and Attorney

[Satish Subramanian]

I went under contract for a 3-flat in Jefferson Park that closes in a few weeks. I’m planning on living in the top floor with my girlfriend, but purchased the whole building solely under my name. Not sure how depreciation will work or how to get the best tax savings. Also, I’m working a 9-5 as well. Any recommendations for CPAs who have experience with house hacking situations? Also looking to set up an LLC but unsure if or how it will work since I had to buy the place in my personal name in order to get the loan and there is a due on transfer clause. Any recommendations for attorneys who have dealt with this situation before? Thanks!

[Daniel Hyman]

@Satish Subramanian

If you can't find a CPA in your area, you may want to consider reaching out to one of the BP CPA's who work remotely with investors all over the country. We do so by utilizing all possible forms of technology (email, video conferencing, secure document sharing, cloud based accounting and tax software, etc). If you are comfortable with that type of relationship, then the pool of qualified CPA's really opens up and you stand a better chance of finding someone who fits your style.