All Forum Posts by: Carolyn L.

Thanks so much, Jeff. I will give Frank a call, and mention you recommended him.

@James Kandasamy - good question. Consider it part of my original post. :)

Good afternoon, BP nation!

I know this topic has been discussed about 43 different ways in the forums, so please forgive my 44th version. @J Scott and @Steven Hamilton II have provided excellent interview questions in previous posts, which I will use as a guide. I've also noted that @Bryan Hancock has recommended Mark Puzdrak a number of times, but I'm not sure I would fit his client model at this early stage. Thanks to all of you for great information and guidance.

I'm seeking an accountant to advise on investment and tax strategy, who is willing to work with a startup with a goal of becoming a trusted partner in building and growing my business. Specifically to define entity structure for these activities (buy/hold; fix/flip; wholesale); advise on creative finance strategies for buying ten SFR properties in succession; best use of existing capital and investments partnered with either private or hard money lenders; develop a strategy for future growth; build my chart of accounts (I will handle the bookkeeping side); prepare tax returns; recommend other team members, including legal, brokers/lenders, etc. I consider this the most critical part of building my business, and I will require frequent contact at first.

Any and all recommendations are appreciated, and I am open to working long distance virtually, provided access and communication are not hindered. Skype, Facetime, GoToMeeting, etc. are all options. I am an advocate for technology and prefer to use the most efficient means available.

I will post this to my local Meetup as well.

Thanks everyone!

@Joshua Dorkin I would definitely use this - was about to inquire when I found this post. Another local group I belong to does this, but the contractors / service providers are also members / investors. They are first vetted by a designated vendor manager in their specific market before being introduced to the membership. The introduction is broadcast to the entire group. They are required members, and only members can review their service. They usually provide discounted rates to members in exchange for preferred status and exposure. Bad service will reflect in reviews, x number of bad reviews result in suspension and shame, or worse , i.e. contractor theft, etc. results in expulsion and obvious legal repercussions. And a life riddled with bad karma. Nobody wants that!

Haha! @Bill Gulley Then my vision of you with a long white beard and robe was accurate! LOL I just assumed with your experience of biblical proportions, and your sharing of tablets, you've earned your stripes and the just reputation as the "ray of sunshine" so depicted in your avatar. :) I do appreciate your wisdom and presence on this site!

My message was really intended toward those who seem a bit over eager to make arbitrary colleague requests with no stated purpose or identity. I've made my profile accessible, yet they do not extend the same courtesy to me. Much like a job interview, it's a two-way street, and hopefully you'll make a good first impression! It's the old HR role coming out in me I guess.

Like Bill's mom said . . . do as he says!

@Bill Gulley - I'd like to vote for an "applause" button! Your post is spot on - and should be required reading for all new members. Sending someone a colleague request without any kind of introduction, or background information on your profile, AND a real photo is either poor etiquette or a keystroke mistake (we all make those). Maybe it's a generational thing, or the age of digital relationships and perceived anonymous identities, but I would not expect anyone to accept my colleague request without my giving the same consideration as meeting in person. Greeting and shaking hands with a virtual faceless stranger is really awkward, if not virtually impossible! A little mutual respect and consideration will go a long way, especially when you're building a business and your online reputation. Oh, and I DO check for proper grammar. :)

As my mother used to tell me - don't be so shy! Or was it trust but verify? Or be nice to old people? Anyway, it was really good advice.

@Jon Klaus - this is beautiful. I lean more traditional in design style, but the wood finishes really make this contemporary space warm and very livable! Nice job and congrats on a successful project!

@Bill Exeter , thank you so much for your quick reply and confirmation. Very much appreciated.

@John Hauser - thanks for the warm welcome!

@Steven Hamilton II - thank you for confirming opinion!

I'm thankful for your expertise and generosity.

Enjoy the turkey and football today. Go Packers!

Hi guys - Hope you don't mind if I join this thread, but sounds like just the expertise I have been looking for! My question is similar to @John Hauser with the exception that the assets we wish to sell are a minority share of units held in a multiple member LLP, rather than one single rental property. If we sell these units, we would separate from the LLP entirely. The value has increased significantly over 15 years, so my thought is to use the proceeds as transactional funding (est. $10-15k/ property), combined with private or hard money to purchase several single family rentals over 6 months to gain cash flow and equity position. Is it possible to use the 1031 exchange in this scenario? I did receive an opinion from a local CPA firm, but it never hurts to get a second or third opinion. How I proceed with my finance plan is dependent on how these funds can be leveraged.

Thank you to @John Hauser for bringing this topic up - and thanks in advance to anyone willing to share your guidance.

Have a wonderful Thanksgiving holiday!

@Jimmy Samaha welcome to BP! It's a great place to learn!