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All Forum Posts by: Sarath D.

Sarath D. has started 5 posts and replied 19 times.

Post: Insurance recommendation in PA

Sarath D.Posted
  • New to Real Estate
  • Cary, NC
  • Posts 19
  • Votes 10

@Owen Rosen Got it. And what you said makes total sense. That’s why I rephrased my question.

Post: Insurance recommendation in PA

Sarath D.Posted
  • New to Real Estate
  • Cary, NC
  • Posts 19
  • Votes 10

Can someone please suggest a good independent insurance agent i can work with in PA?

Post: Insurance recommendation in PA

Sarath D.Posted
  • New to Real Estate
  • Cary, NC
  • Posts 19
  • Votes 10

@Owen Rosen thanks for the feedback. I should have asked the question the right way. Which I will do now.

Post: Insurance recommendation in PA

Sarath D.Posted
  • New to Real Estate
  • Cary, NC
  • Posts 19
  • Votes 10

Hello all,

I am in the process of acquiring a townhome near Waynesboro, PA. Does anyone have a recommendation to a insurance carrier who has good rates?

Thanks in advance. 

Post: How much does a CPA service cost?

Sarath D.Posted
  • New to Real Estate
  • Cary, NC
  • Posts 19
  • Votes 10

@Bjorn Ahlblad thanks.

Post: How much does a CPA service cost?

Sarath D.Posted
  • New to Real Estate
  • Cary, NC
  • Posts 19
  • Votes 10

@Eliott Elias thanks for the response. How many hours do you spend with the CPA on an average?

Post: How much does a CPA service cost?

Sarath D.Posted
  • New to Real Estate
  • Cary, NC
  • Posts 19
  • Votes 10

Hi,

I have 4 rental properties (located in 2 different states) and I am a partner in an LLC. I also have a W2 job. I am looking to see how much does a good real estate investor friendly CPA service would cost me.

Also, I would appreciate any recommendation on good CPAs who can do tax planning and preparation.

Thanks

S

Post: need advice on Tax filing and tax strategies

Sarath D.Posted
  • New to Real Estate
  • Cary, NC
  • Posts 19
  • Votes 10

@Basit Siddiqi  - Thanks for the feedback. I am not sure how much experience my accountant has but he has been preparing my taxes for more than 8 years. Back then my taxes were very simple. Although he did my taxes for the last few years with my rentals, I wanted to see if I am leaving any money on the table by not using all possible depreciations. 

Post: need advice on Tax filing and tax strategies

Sarath D.Posted
  • New to Real Estate
  • Cary, NC
  • Posts 19
  • Votes 10
Originally posted by @Chad Duncan:

@Sarath D. I would talk with other accountants, CPA’s, or EA’s who know of others that focus on real estate investors. As well, as Chris said, if you want a consultant that helps you strategize and get the tax documents created (profit and loss, balance sheet, etc.), then let them know that. If you just want someone to do your taxes, anyone can do that. As for a financial planner, that would be another person you can talk with that can do the consulting and refer you to a CPA as well.

@Chad DuncanThanks for your inputs. 

Post: need advice on Tax filing and tax strategies

Sarath D.Posted
  • New to Real Estate
  • Cary, NC
  • Posts 19
  • Votes 10

Thanks for the feedback @Taylor L. and @Chris Martin