Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Sean Yang

Sean Yang has started 11 posts and replied 67 times.

Post: Local CPA vs Remote CPA

Sean YangPosted
  • Investor
  • San Diego, CA
  • Posts 69
  • Votes 18

@Jana Cain Very helpful info. Thank you again!

Post: Local CPA vs Remote CPA

Sean YangPosted
  • Investor
  • San Diego, CA
  • Posts 69
  • Votes 18

@Lance Lvovsky Thank you for the advise. Ya I agree that it's important to work with the CPA that you are comfortable and familiar with. But some CPA's still use paper files and I don't know if they will need actual hard copies of my W2's, 1099's, etc... If thats the case, I am afraid they get delayed or even lost in the mailing. Also, if in worse case my file is audited, will it be a bigger trouble with an out-of-state CPA if we decide to appeal in court? 

Post: Local CPA vs Remote CPA

Sean YangPosted
  • Investor
  • San Diego, CA
  • Posts 69
  • Votes 18

@Lee Ripma Thank you for sharing your experience. How's the prepared tax document? Does he mail it out for you or he email you back and you then mail it yourself? Many thanks!

Post: Local CPA vs Remote CPA

Sean YangPosted
  • Investor
  • San Diego, CA
  • Posts 69
  • Votes 18

@Jana Cain Thank you for your advise! My other concern is, in worst case scenario with an out-of-state CPA- if my tax return is audited and I decide to go to court, does my CPA need to fly to my state? 

Post: Local CPA vs Remote CPA

Sean YangPosted
  • Investor
  • San Diego, CA
  • Posts 69
  • Votes 18

@Daniel Hyman Thank you for the advise!

Post: Local CPA vs Remote CPA

Sean YangPosted
  • Investor
  • San Diego, CA
  • Posts 69
  • Votes 18

Hi, I just moved to San Diego and started real estate investing last year. I purchased a rental unit and did some private funding in 2016, and I will probably expand this business by doing more deals. Now it comes to the tax season and I am looking for a local CPA who has good experience with REI. I had a great CPA on the east coast where I used to live but I am hesitant to do taxes remotely. I know many people have done it this way, but two major parts I am concerned about are 1) how do you handle all the paperwork such as W2's, 1099's business records, etc. without meeting in person? 2) does an out-of-state CPA know well of the state taxes? Please share your experience whether you prefer doing taxes locally vs. remotely. Also please recommend a local CPA here in SoCal who has experience with REI if you know any. Thank you!

Post: Ohio Cashflow LLC

Sean YangPosted
  • Investor
  • San Diego, CA
  • Posts 69
  • Votes 18

@Christophe Noualhat that's great to know! In terms of finding new tenants. Is OCF doing that for you or do you need to use a separate property management firm? Thank you!

Post: Ohio Cashflow LLC

Sean YangPosted
  • Investor
  • San Diego, CA
  • Posts 69
  • Votes 18

I am also following this. How's your investment going with OCF as it's been a year now?  @Christophe Noualhat

Post: Turnkey investing

Sean YangPosted
  • Investor
  • San Diego, CA
  • Posts 69
  • Votes 18

@Account Closed would you mind sharing what turnkey company you are using? Which city is your investment property located at? I am currently looking for turnkey opportunities as well and I'd like to get some referrals. Thank you!

Post: New investor from San Diego CA

Sean YangPosted
  • Investor
  • San Diego, CA
  • Posts 69
  • Votes 18

@Dan H. Sounds like the Meetups is the way to go! I also prefer a smaller group which is always more efficient and specific than large seminars. Let me know if there is another meetup in the near future and I will be glad to be connected with you guys!