All Forum Posts by: Kylie A.

CPA, but I should disclose that I might be biased on this :) 

Hey Kylie! Great question. When it comes to taxes, both Enrolled Agents (EAs) and Certified Public Accountants (CPAs) can definitely help you out and are interchangeable. But here’s the thing: just because someone has an EA or CPA title doesn’t automatically make them a perfect fit for what you need. The key is to find someone who specializes in real estate, as they’ll have the specific knowledge that applies to your investments and can provide tailored advice.

Even better, if you can work with an EA or CPA who actually invests in real estate themselves, that can be a huge plus. They’ll not only understand the tax side but also relate to the unique challenges and strategies that come with real estate investing.

One more thing to keep in mind—don’t worry too much about whether they’re going to “take advantage” of you. A good EA or CPA will charge for their expertise, and it’s usually not cheap. It takes a lot of training and continuous study to stay on top of tax law, especially with all the changes in real estate tax rules. Instead of focusing on the price, try thinking about the value they bring. Are they helping you save or make more money than what you’re paying them? That’s the real measure of whether it’s worth it.

It's not about EA or CPA, it is about experience and knowledge for real estate. 

For instance, at one point when I was working as a senior accountant in a property management firm, I was training a guy who was a CPA for 30+ years even though I was hired 2 months before him.

I worked only in real estate accounting and financing and became CFO. If I were to apply for a CFO role now, more than likely I have to advantage over a CFO that was in a manufacturing company for a real estate company.

EAs specializes specifically in taxation

CPAs have a broader knowledge for accounting, auditing, financial planning, and taxation.

EA must pass a 3-part IRS exam and do not require a college degree

CPA need a degree in accounting, 150 credit hours of education, must a 4-part CPA exam.

EAs often charge a lower fees

It sounds like you’re taking a smart approach by looking for a reliable tax professional. If you’re mostly focused on taxes for real estate and small investments, an Enrolled Agent (EA) could be a great choice. They specialize in tax matters and often have lower fees than CPAs. 

Just make sure to check their credentials and experience, and find someone who can explain things in simple terms.Also, keep an eye out for any red flags, like promises of huge refunds without a thorough review or pressure to pay a percentage of your refund. Finding someone honest and straightforward will really make a difference. Good luck with your search!

Easiest way for most ppl to continue to do deals if wholesaling becomes illegal in your state is get your RE License. You have a list of thousands of cashbuyers already. Most traditional RE Agents don't have a list like that.

If anyone interested, i can expand how it becomes easier once you have your license.

 Yes, definitely 

Oil, other natural resources and government instruments

I hold traditional investments too but the capital is derivative of the investments above