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All Forum Posts by: Brendon Wise

Brendon Wise has started 3 posts and replied 4 times.

Post: My first rental property

Brendon Wise
Pro Member
Posted
  • Investor
  • Fredericksburg PA
  • Posts 4
  • Votes 3

Investment Info:

Townhouse buy & hold investment.

Purchase price: $68,000
Cash invested: $14,000

Single family home in Ashland PA.

Post: My first rental property

Brendon Wise
Pro Member
Posted
  • Investor
  • Fredericksburg PA
  • Posts 4
  • Votes 3

Investment Info:

Townhouse buy & hold investment.

Purchase price: $68,000
Cash invested: $14,000

Post: Am I spending way too much on my CPA?

Brendon Wise
Pro Member
Posted
  • Investor
  • Fredericksburg PA
  • Posts 4
  • Votes 3

Thanks for the reply! I would say I have a simple tax situation, personal returns for me and my wife and now the sole member LLC. So while I don't believe there's any complex items, I think they do tax planning more or less. According to them, they are the only company that knows how to properly do business taxes. :)

Post: Am I spending way too much on my CPA?

Brendon Wise
Pro Member
Posted
  • Investor
  • Fredericksburg PA
  • Posts 4
  • Votes 3

Hi y'all, So I'm just getting into real estate, I have an LLC set up and will be closing on my first deal in a couple of weeks, a $68,000 single home. I was looking around for a cpa and wound up with 1800accountant. Anyway they talked me into buying their services costing $2,700 for the next year. And now I'm wondering if I spent way too much, considering how small my business is and only one property. Any thoughts, advice or opinions?